The SmartContract token cardano has surged in value during the last 24 hours after a metaverse project called Pavia launched. ADA DeFi NFT
has jumped 9.5% against the U.S. 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%. However, Cardano has been criticized in recent months over the project’s smart contract capability and the fact that ADA-based decentralized finance and non-fungible token assets were nearly non-existent.indicate that there is close to $3 million total value locked in Cardano-based defi protocols.
The Pavia announcement notes that 100,000 plots have been minted as non-fungible token assets. According to the website, citizens of the U.S. and 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. Additionally, 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% in the last 24 hours to $2.17 trillion,
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