The smart contract token cardano has surged in value during the last 24 hours after a metaverse project called Pavia launched. Seven-day statistics indicate that cardano’s price has spiked 30.9% over the week and took over the fifth-largest crypto market cap position on Sunday evening (ER).
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NFT and Metaverse Project Pavia Pushes Cardano’s Price Higher
Cardano (DER ER) has seen a price increase during the last seven days and 24-hour stats show DER ER has jumped 9.5% mod U.S.A. dollar. Cardano is a smart contract network, similar to Ethereum, and during the last 12 months the crypto asset has risen in value by 336.5%. Imidlertid, Cardano has been criticized in recent months over the project’s smart contract capability and the fact that ADA-based decentralized finance (defi) og ikke-fungibel token (NFT) assets were nearly non-existent.
I den seneste tid, that has changed and today, defillama.com metrics indicate that there is close to $3 million total value locked in Cardano-based defi protocols. desuden, Cardano-based NFTs are now entering the NFT space with projects like Clay Mates, Yummi Universe, Spacebudz, Pavia, and Cardano Kidz.
I januar 15, 2022, the NFT and metaverse project called Pavia.io officially launched and DER ER supporters 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-ever Cardano virtual world owned by its users.
Pavia’s Map Has a Total of 100,000 Virtual Parcels, Cardano’s Price Still 50% Lower Than All-Time High
The Pavia announcement notes that 100,000 plots have been minted as non-fungible token (NFT) aktiver. According to the website, citizens of the U.S. og U.K. were banned from the land sales that took place at the end of 2021. Land sale 1 saw 29,000 parcels sold, while the second land sale saw 31,000 parcels sold. Derudover, the project took a wallet snapshot in December to airdrop 25% of the project’s PAVIA utility tokens to the Cardano-crafted metaverse patrons.
Pavia’s name stems from the Italian birthplace of the renowned mathematician Gerolamo Cardano. “In total Pavia.io has some 100,000 Land parcels, each being minted as a unique NFT with coordinates. At the time of writing the project has sold some 60% of these Land parcels from October thru November 2021. A final is scheduled for Q1 2022,” the project’s launch announcement details.
While the global cryptocurrency market economy today has dropped 1.3% i den sidste 24 hours to $2.17 billioner, DER ER has managed to stave off the losses. DER ER har $3.3 billion in global trade volume today and a market valuation of around $48.9 milliard. While DER ER has seen an increase in recent times, it is still more than 50% lower than its all-time high (ATH) five months ago on September 2, 2021, på $3.09 pr. enhed.
What do you think about Cardano’s metaverse push and the rise in price after Pavia’s metaverse project launched? af den digitale valutaøkonomi med.