The hot market for buying and selling virtual lands on Cardano’s first conversion platform

Pavia, Cardano’s first active conversion project, recently offered 100,000 virtual plots of land for sale in the form of NFT tokens, of which 60% have already been purchased. The price of ground for this metatarsal, although recently increased, is still lower than that of the Atrium model and just under $ 50,000.

To Report Kevin Desk, the Pavia app launched on Cardano Network last week, is the first active meta-transformation project in the Chinese blockchain.

Recently, 100,000 virtual plots of land in Pavia, each with its own characteristics, were released in NFT format. 60% of these tokens were sold in pre-sale in October and November 2021 (October and November). The remaining tokens will also go on sale in the first quarter of 2022.

NFTs actually represent physical or non-physical objects in the Chinese blockchain. Metavars is also commonly defined as a virtual world in which people can interact digitally and in a real-world.

Pavia native token acts as the in-app currency of this platform. Twenty-five percent of these tokens were distributed among NFT holders after a snapshot was taken in December 2021 during an airdrop between NFT holders.

A snapshot is the specific time or date at which the inventory and activity of addresses associated with an AirDrop are recorded. If the address meets the conditions for participating in AirDrop while taking a Snapshot, it can continue to receive its share of the announced amount.

According to Muesliswap, a Cardano-based decentralized exchange, Pavia Token is currently priced at around $ 0.20 and has a market value of approximately $ 107 million. Available data show that more than 8,300 addresses currently own Pavia domains. However, they are not currently able to deploy their virtual tools and assets in the areas they have purchased.

The developers of Pavia have said about this:

Please note that at this stage of the game development, you can not see or place anything on your field.

Also read: What is Metavars? Everything about living in the digital world

The project comes at a time when virtual platforms related to Atrium network platforms are selling for millions of dollars. Some Pavia grounds cost as much as 30,000 cardanos (about $ 45,600). It is worth noting that these NFTs were sold in the “CNFT” market, which was built on the Cardano network.

Recently, many companies have tried to be present in Metavars. Take, for example, the American division of Bainance Exchange, which is building its office on one of Solana-based transformation projects called Portals. Earlier this month, Samsung launched a virtual version of its New York-based headquarters in Metavars, Centralland.