Cardano-based Metaverse Project Pavia Takes Off: Sundaeswap Announces Launch Date

Cardano’s gaming project Pavia officially debuted, as metaverse-related interest surged once again. For starters, Pavia is a gaming NFT Metaverse that aims to challenge the dominance of larger rivals in the crypto metaverse realms such as Sandbox Crypto and Decentraland. The Pavia project was incorporated in September 2021. In October 2021, it announced the first sale of LAND parcels by random allocation.

As per the press release, Pavia.io, has a total of some some 100k Land parcels, each being minted as a unique NFT with coordinates. At the time of writing, the project had sold nearly 60% of these Land parcels from October to November 2021. A final is scheduled for Q1 2022.

The pandemic saw a surge in developments towards an overall Metaverse and predictions reveal a potential valuation of $800 Billion by 2024. With projects launching on multiple blockchains, Pavia with its first-mover advantage may well be the people’s choice of the Cardano chain.

This is not the first time a metaverse project is taking shape in the layer-1 blockchain. Back in December 2021, a decentralized cloud computing solution, Cudos announced a joint partnership with Cornucopias. The blockchain gaming metaverse aimed to expand the Cardano Infrastructure by creating a unique method to build dynamic non-fungible tokens [NFT] through the Cudos Network.

As seen in all metaverse projects Pavia too has its native currency, PAVIA, of which 25% was airdropped to Pavia NFT landholders. The token along with other native assets is being actively traded on Cardano’s first DEX MuesliSwap. That being said, the ADA community has more reasons to cheer.

Cardano’s SundaeSwap DEX announced launch date

Cardano’s native decentralized exchange [DEX] and automated liquidity provision protocol SundaeSwap have released the dates for the launch in its blog post published on 16th January 2022. As per the post, the DEX is slated to go live as a fully-functional beta on Thursday, January 20, 2022. Apart from that, projects will be allowed to create pools starting from coming Tuesday, January 18.

Cardano founder Charles Hoskinson,delighted by the announcement, took to Twitter to congratulate the DEX team and dropped hints of upcoming DApps on the layer-1 platform later this quarter.