Cardano Owns Metaverse Pavia, Virtual Land Owner Passes 22K

JAKARTA – Cardano apparently has his own metaverse project, called Pavia. To date, the NFT virtual land in Pavia has been owned by around 22,000 people detected on pavia.io.

For information Pavia officially launched as the first Cardano metaverse last January. The name Pavia itself is inspired by the birthplace of Gerolamo Cardano, namely Pavia, located in Italy.

Even so, the Pavia metaverse looks similar to Decentraland. The difference is, Pavia is built on a Proof-of-Stake (PoS) blockchain which is claimed to be more environmentally friendly than Proof-of-Work (PoW). Each virtual plot of land in Pavia is a Cardano NFT (CNFT) which has its own unique number according to the coordinates in Pavia.io.

Since its launch a few months ago, the Cardano ecosystem has seen significant growth. Cardano managed to secure millions of dollars in market cap and total locked value (TVL) in smart-contracts from its recently launched decentralized finance (DeFi) application.

According to DeFiLlama, the total value locked in Cardano's DEX increased to an all-time high of US$434 million or Rp. 6.2 trillion on March 28, as reported by U.Today.

At the time of writing, the price of the Cardano cryptocurrency has increased by 7.9 percent in the past week. Cardano's all-time highest price was recorded on September 2, 2021. At that time, ADA made a new ATH at a price of IDR 44,039.