A play-to-win game and non-fungible token (NFT) project paviais launching on the Cardano (ADA) network months after the fifth largest blockchain by market capitalization rolled out its smart contract capabilities.
According to a published press release, Pavia claims the project is the “first Cardano metaverse”, a virtual reality space that allows digital reproduction of real-world events and forms.
The Cardano network is named after the Italian mathematician Gerolamo Cardano, while the Pavia metaverse project is named after the mathematician’s birthplace, Pavia, Northern Italy.
According to the statement made by the Metaverse project, it currently owns approximately 100,000 NFT plots, of which 60 percent have been sold. According to Pavia, 29,000 parcels were sold in the first phase of virtual land sales, and 31,000 in the second phase.
Digital land sales took place between October and November 2021, and there are currently more than 8,300 virtual landowners in the Pavia ecosystem. Pavia also launches PAVIA, the NFT landowners in-game token, on the December 2021 blockchain. of your snapshot* then he says he got it as an airdrop.
According to Pavia, buyers from the US and UK have been restricted from participating in land sales “due to regulatory uncertainty.” According to the Metaverse project, final land sales will take place in the first quarter of 2022.
On the Cardano NFT marketplace CNFT, parcels of land in Pavia are currently being sold for a fair price of 750 ADA (approximately $1027) to a high price of 850,000 ADA (approximately $1.16 million).
ADA, the 6th-ranked cryptocurrency at the time of writing, is trading at $1.37.
*In the cryptocurrency world, a snapshot is often used to describe the act of recording the state of a blockchain at a given block height. In this case, the snapshot records the contents of the entire blockchain ledger, including all available addresses and their associated data (transactions, fees, balance, metadata, etc.). Snapshots are often used during each airdrop event before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address.
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