Metaverse is still in its infancy. While Ethereum-based metaverse games such as The Sandbox have seen exponential traction, investors are also looking into building projects upon stable PoS networks such as Cardano. Interestingly, one of the idiosyncratic catalysts to ADA’s latest rally is its addition.
As a matter of fact, Pavia’s entry into the Cardano ecosystem comes at a time when its native crypto-asset, ADA, has suffered a consistent downward pressure amidst the market-wide rout. But the NFT activity on top of the network provided a much-needed push to the token, which jumped by over 14% in the last 24-hours and currently trades at $1.55.
Metaverse on Cardano
Pavia – the recently launched gaming application on the Cardano blockchain – has some big plans for this year. So far, the project has issued at least 100,000 “land parcels,” each is being minted as a uniquely numbered Cardano NFT (CNFT) based on coordinates. More than 60% of the land parcels were pre-sold in Oct
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