Land Prices Surge on Cardano Metaverse Project Pavia

Land prices surge on metaverse project @Pavia_io , which launched on the Cardano network last week. By @shauryamalwa

1/17/2022 10:41:00 AM

Land prices surge on metaverse project Pavia_io , which launched on the Cardano network last week. By shauryamalwa

Over 60% of 100,000 virtual land plots have sold on Pavia, with the remaining set to go under the hammer later this quarter.

Jan 17, 2022 at 7:37 a.m. UTCUpdatedJan 17, 2022 at 7:37 a.m. UTCPlots of land from the Pavia metaverse listed on an NFT marketplace. (CNFT)Gaming application Pavialaunchedon the Cardano network last week, becoming the first-ever metaverse project on the blockchain.

Some 100,000 ‘land parcels’ were issued on Pavia, each being minted as a unique non-fungible token (NFT) with individual ‘coordinates.’ Over 60% of these parcels were pre-sold in October and November 2021, with the remaining set to go on sale in the first quarter of 2022.

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By Jan 17, 2022 at 7:37 a.m. UTC Updated Jan 17, 2022 at 7:37 a.m. UTC Plots of land from the Pavia metaverse listed on an NFT marketplace. (CNFT) Gaming application Pavia launched on the Cardano network last week, becoming the first-ever metaverse project on the blockchain. Some 100,000 ‘land parcels’ were issued on Pavia, each being minted as a unique non-fungible token (NFT) with individual ‘coordinates.’ Over 60% of these parcels were pre-sold in October and November 2021, with the remaining set to go on sale in the first quarter of 2022. NFTs are blockchain-based representations of tangible or intangible objects. Metaverses generally describe a virtual world in which people can interact as they do in the real world, but digitally. Pavia’s native token functions as an in-game currency, 25% of which was airdropped to NFT landholders following a blockchain snapshot in December 2021.