Cardano Prize increases after the start of the metaverse project, ADA wins more than 30 % in 7 days-markets and prices
Cardano Prize increases after the start of the metaverse project, ADA wins more than 30 % in 7 days-markets and prices
The Smart-Contract-token Cardano has gained value in the last 24 hours after the start of a Metaverse project called Pavia. Seven-day statistics show that the Cardano price has increased by 30.9 % during the week and took over the fifth largest crypto market capitalization position on Sunday evening (EST).
NFT and Metaverse Project Pavia increase the price of cardano
cardano (ada) has experienced a price increase in the last seven days and 24-hour statistics ada has increased by 9.5 % compared to the US dollar. Cardano is an intelligent contract network, similar to Ethereum, and in the past 12 months the value of the crypto asset has increased by 336.5 %. However, Cardano has been criticized in the past few months because of the Smart Contract ability of the project and the fact that AdA-based decentralized financial investments (Defi) and non-fungible tokens (NFT) were almost not present.
This has changed lately and today defillama.com-metrics point out that a total value of almost 3 million US dollar is included in Cardano-based defi protocols. In addition, Cardano-based NFTs are now entering the NFT room with projects such as Clay Mates, Yummi Universe, Spacebudz, Pavia and Cardano Kidz.
On January 15, 2022, the NFT and Metaverse project called Pavia.io was officially launched and ada Competitor for blockchain meta-verse protocols such as The Sandbox and Decentraland. On Pavias website it says:
Create, explore and act in the very first virtual cardano world that belongs to your users.
The map of Pavia has a total of 100,000 virtual packages, the Cardano price is still 50 % lower than the all -time high
The Pavia announcement states that 100,000 plots of land were shaped as non-fungal tokens (NFT) assets. According to the website, citizens of the United States and Great Britain were prohibited from selling land, which took place at the end of 2021. 29,000 plots were sold in land sale 1, while 31,000 plots were sold in the second land sale. In addition, the project made a wallet snapshot in December to drop 25 % of the Pavia service program token of the project to the Metaverse-Gönner created by Cardano.
The name Pavia comes from the Italian birthplace of the renowned mathematician Gerolamo Cardano. "In total, Pavia.io has around 100,000 land packages, each of which is characterized as a unique NFT with coordinates. At the time of the writing of this article, the project sold about 60 % of these properties from October to November 2021. A final is planned for the first quarter of 2022," said the announcement of the project.
While the global market economy for cryptocurrencies has fallen by 1.3 % to $ 2.17 trillion in the last 24 hours, ada managed to ward off the losses. ada today has a global trade volume of 3.3 billion US dollar and a market assessment of around 48.9 billion US dollar. While ada lately he is still more than 50 % below his all-time high (ATH) on September 2, 2021 at $ 3.09 per unit.
What do you think of Cardanos Metaverse-Push and the price increase after the start of Pavias Metaverse project? Share your opinion on this topic in the comment area below.
Photo credits : Shutterstock, Pixabay, Wiki Commons, Pavia.io, Tradingview,