Land Prices Surge on Cardano Metaverse Project Pavia

Land Prices Surge on Cardano Metaverse Project Pavia
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…