[ad_1]
The value of the smart contract token cardano has soared in the past 24 hours after the launch of the Metaverse project called Pavia. The 7-day stats show that Cardano’s price surged 30.9% over the week and took the fifth-largest cryptocurrency market cap position on Sunday night (EST).
NFT and Metaverse project Pavia pushes Cardano price higher
Cardano (ADA) Price increase over the past 7 days, 24-hour statistics show have It rose 9.5% against the dollar. Cardano, an Ethereum-like smart contract network, has seen the value of the cryptoasset rise 336.5% over the past 12 months. In recent months, however, Cardano has come under fire for the project’s smart contract capabilities and the fact that ADA-based decentralized finance (defi) and non-fungible token (NFT) assets are virtually non-existent.
Recently, things have changed, and today, defillama.com metrics Indicates that nearly $3 million in total value is locked in the Cardano-based defi protocol. Additionally, Cardano-based NFTs are now entering the NFT space through projects such as Clay Mates, Yummi Universe, Spacebudz, Pavia, and Cardano Kidz.
On January 15, 2022, the NFT and Metaverse project named Pavia.io was officially launched. have Proponents believe it will be a competitor to blockchain Metaverse protocols like The Sandbox and Decentraland. Pavia’s website says:
Create, explore and trade in the first Cardano virtual world owned by users.
Pavia’s map has 100,000 virtual parcels, and Cardano is still 50% below its all-time high
The Pavia announcement states that 100,000 blocks have been minted as non-fungible token (NFT) assets. According to the website, U.S. and U.K. citizens are barred from participating in land sales that take place in late 2021. Land sale 1 sold 29,000 parcels of land, while the second land sale sold 31,000 parcels of land. Additionally, the project took a wallet snapshot in December to airdrop 25% of the project’s PAVIA utility tokens to Metaverse patrons made by Cardano.
Pavia takes its name from the birthplace of the famous mathematician Gerolamo Cardano. “Pavia.io has about 100,000 parcels in total, each of which is minted as a unique NFT with coordinates. At the time of writing, the project has sold about 60% between October 2021 and November 2021 of these plots. Finalization is scheduled for the first quarter of 2022,” the project’s launch announcement detailed.
Although today’s global cryptocurrency market economy has dropped 1.3% to $2.17 trillion in the past 24 hours, have Attempts have been made to avoid losses. have The current global trade volume is 3.3 billion US dollars, and the market value is about 48.9 billion US dollars.although have Despite the recent increase, it is still more than 50% below its all-time high (ATH) on September 2, 2021, five months ago, or $3.09 per unit.
What do you think of Cardano’s Metaverse push and the price increase following the launch of the Pavia Metaverse project? Let us know what you think about this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Pavia.io, Tradingview,
Disclaimer: This article is for reference only. It is not a direct offer or invitation to offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused or related to the use of or reliance on any content, goods or services mentioned herein.
[ad_2]
Source link
