The smart contract cardano token has gained in value over the past 24 hours after a metaverse project called Pavia was launched. Seven-day statistics indicate that cardano’s price surged 30.9 percent over the week and took the top spot of the crypto market. The fifth largest on Sunday evening (EST).
NFT and Metaverse Project Pavia push Cardano prices higher
Cardano (ADA) has seen price increases over the past seven days and shows 24 hour statistics, ADA has increased 9.5 percent against the US dollar. Cardano is a smart contract network similar to Ethereum and in the last 12 months. past Digital assets have increased by 336.5%. However, Cardano has been criticized in recent months over the project’s smart contract capabilities. And the fact that decentralized financial assets (defi) and ADA-based non-transferable tokens (NFTs) are virtually non-existent.
In the last time that has changed and today The defillama.com metric states that a total of nearly $3 million is locked in the Cardano-based defi protocol. Additionally, Cardano-based NFTs are entering the NFT space with projects such as Clay Mates, Yummi Universe, Spacebudz, Pavia. and Cardano Kidz
On January 15, 2022, an NFT and metaverse project called Pavia.io was officially launched, and ADA backers believe it will rival blockchain protocol metaverses such as The Sandbox and Decentraland, said Pavia’s website. that:
Create, explore and trade in the virtual world of Cardano that is owned by users.
With a total of 100,000 virtual parcels on Pavia’s map, Cardano’s prices are still 50% below their all-time highs.
Pavia’s announcement states that 100,000 plots have been created as non-transferable token assets (NFTs). According to its website, US and UK citizens will be banned from land sales taking place at the end of 2021. 29,000 parcels were sold, while the second sale saw 31,000 plots of land sold. The project also took a wallet snapshot in December to broadcast 25% of its utility tokens. Project PAVIA to patrons metaverse created by Cardano.
The name Pavia comes from the birthplace of the famous Italian mathematician Gerolamo Cardano: “Overall, Pavia.io has approximately 100,000 plots of land, each built into a unique NFT with coordinates. At the time of writing the project has sold approximately 60% of these land plots from October to November 2021, the final round is scheduled for Q1 2022.” Details announced the project launch.
While the global cryptocurrency market economy today has declined 1.3% in the last 24 hours to $2.17 trillion, the ADA has managed to hedge losses. current and its market capitalization is estimated at $48.9 billion, while ADA has seen recent increases. It remains more than 50% below the all-time high (ATH) five months ago on September 2, 2021 at $3.09 per unit.
What do you think about Cardano’s metaverse push and the price increase after Pavia’s metaverse project launched? Let us know what you think about it in the comments section below.
photo credit: Shutterstock, Pixabay, Wiki Commons, Pavia.io, Tradingview,
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