The Pavia team has announced an interesting metaverse project based on Cardano. A new map user interface is being tested in Pavia, which landowners are excited about.
Pavia came out in 2021, when this niche of the cryptocurrency market was at its most exciting. Like in the well-known project Sandbox, players can use PAVIA or ADA tokens to buy real estate and NFT or CNFT items in-game. According to the JPG Store, since the start of the metaverse, about 18,000 people have bought properties in the Pavia Cardano metaverse for a total of more than 28 million ADA.
Metaverse Real Estate Report
A recent Technavio study says that the Metaverse real estate market alone could grow by more than $5 billion over the next 3.5 years. The main thing that will drive development is how popular mixed reality and cryptocurrency are. But the biggest problem with the market is that it’s hard to figure out how much something is worth in a metaverse. Since most of the biggest Metaverses are built on Ethereum, where even gas costs are very expensive, it makes sense that the market tends to go up as a result.
When these things come together with the extreme enthusiasm and greed of market participants, the perfect bubble is made.