Cardano’s Pavia plot sale shows land rush is on in the metaverse
Cardano’s first metaverse project is available to investors now — if you can find a piece of digital land to buy. Plots sold fast despite the project’s early stage limitations.
Image source: Pavia.io
Pavia, the first metaverse project on the Cardano (ADA) network, launched last week. A total of 100,000 land parcels were issued, each unique with its own non-fungible token (NFT) and coordinates — and all have sold out.
The metaverse is still a hot topic among investors eager to stake a claim in hopes there’s a profit to be made in the future.
Pavia joins Sandbox and Decentraland
Sandbox (SAND) and Decentraland (MANA) are two established metaverse games where you can buy land, build and interact with other players. They’re similar to what Pavia (PAVIA) is trying to accomplish. The difference, however, between these two games and Pavia — aside from being built on different blockchain networks — is that the latter is not playable yet.
For now, you can only buy and sell land parcels as NFTs. NFTs represent ownership of these parcels. Once the project is complete, you would have a metaverse game where you can build on your land and interact with other players, similar to Sandbox and Decentraland.
There are 8,300 plot owners
Unfortunately, these plot owners can’t deploy any assets over their land yet. This feature is planned for sometime in the future.
Once it becomes available, players can use Pavia’s native token $PAVIA as an in-game currency to buy and sell assets and land.
Companies are buying into the metaverse
Individual players aren’t the only investors in the coming virtual world. Companies are also buying virtual land. Binance.US and FTX.US are building offices within Portals — a similar metaverse project on the Solana network — while Samsung launched a virtual version of its New York City store on Decentraland earlier this month.
Kliment Dukovski owns Cardano as of the publishing date.
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