Pavia, the first-ever metaverse on Cardano,
goes multichain
Pavia, the first-ever metaverse on Cardano, goes multichain
PROJECT OVERVIEW
Pavia is the first metaverse project built on Cardano, featuring virtual land, user-generated content, and monetization opportunities.
pavia.io
Pavia is the trailblazing metaverse project on Cardano, whose TVL was growing extremely fast before the current market correction, even flipping Kusama. At the same time, Cardano’s smart contract platform is still new and experimental, and it will take time for it to achieve a large enough size for a proper metaverse ecosystem to function. Therefore, it’s not surprising that Pavia would look outside of Cardano to expand its traction – and chose XP.NETWORK as their partner.
The most logical first step in going multichain for a metaverse is to expand its NFTs (land, avatars, wearables) to additional chains. And as Cardano is not an EVM chain, the logical choice is XP.NETWORK – one of the very few bridges capable of transferring NFTs between EVM and non-EVM networks.
XP.NETWORK’s key innovation is that it allows sending NFTs between these two types of networks while preserving the logic of the smart contract. A Pavia NFT sent from Cardano to BSC will work exactly the way it did on Cardano, with royalties, extra utility, etc.
The list of the chains that Pavia will expand to is still being worked out, and we will reveal it as soon as it’s ready.
What is Pavia?
Pavia is a community-owned virtual world built around thousands of virtual land parcels. Each plot is issued as an NFT on the Cardano blockchain, and in the future it will be possible to build on that land and monetize it, similar to The Sandbox and Decentraland.
So far around 17,000 wallets own land in Pavia. All 100,000 plots were sold out during three rounds of land sales, after which Pavia airdropped its utility token $PAVIA to the parcel holders. The token is already available on the two biggest Cardano DEXes, SundaeSwap and MuesliSwap.
Users can already design their own avatar, which will work not only within the Pavia metaverse but also in 1,000 other applications and games. The design of Pavia Plaza, the central area of the metaverse map, is also moving forward.
The next step is allowing holders to add user-generated content to their land parcels and launching a special portal for online commerce in the metaverse. Apart from stores, Pavia will also hold live events: the first one is scheduled for Q4 2022.
Another important innovation in that virtual land, wearables, accessories, and other NFTs in Pavia will become transferable to other blockchains via the XP.NETWORK bridge – more on that below.
By the way, if you are curious about the name, Pavia is a famous medieval university town in Italy, to the south of Milan. It was in Pavia that the famous Renaissance mathematician Girolamo Cardano was born in 1501 – yes, the one who gave the name to the Cardano blockchain.
The booming dApp ecosystem on Cardano
Since the rollout of smart contracts in September 2021, Cardano grew into a top-30 smart contract platform by DeFi TVL (total value locked), ahead of chains like Harmony and Metis.
The ecosystem includes applications like Minswap, SundaeSwap, MuesliSwap (DEXes), WingRiders, and ADAX Pro. There are also NFT marketplaces, such as CNFT.io and JPG Store, with trending collections like SpaceBuzz, Clay Nation and, of course, Pavia.
Pavia’s land parcels are in the top 5 highest-selling collections on CNFT.io, with a weekly volume of 350k ADA and a floor price of 220 ADA. Estates (3x3 combinations of 9 parcels) sell for almost 3,000 ADA.
At least one prominent Cardano dApp has already announced a partnership with Pavia: Paribus, a cross-chain lending protocol that supports NFTs and other types of assets. It will open a virtual headquarters in the metaverse.
Pavia is ready to go cross-chain with XP.NETWORK
EVM, or Ethereum Virtual Machine, is the environment within which smart contracts run on Ethereum. Many other chains support EVM, including BSC, Polygon, Fantom, Avalanche, Aurora, Moonriver, etc. However, there are alternative virtual machines, such as the ones used by Cardano, Solana, Elrond, Cosmos etc.
XP.NETWORK’s key innovation is that it allows sending NFTs between these two types of networks while preserving the logic of the smart contract. A Pavia NFT sent from Cardano to BSC will work exactly the way it did on Cardano, with royalties, extra utility, etc.
The list of the chains that Pavia will expand to is still being worked out, and we will reveal it as soon as it’s ready. Pavia is still in the early development stage, with the first in-game experiences coming later this year. It’s really important that Pavia has started the drive to become a multichain metaverse so early, as this will allow the project to build up a user base and liquidity ahead of the main product launch.
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