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The Metaverse arrives on the Cardano blockchain

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Hot on the heels of projects like Decentraland and the Sandbox Game on Ethereum, the Metaverse comes to the Cardano blockchain in the form of Pavia.io

/EIN News/ — The Metaverse , Global, Jan. 15, 2022 (GLOBE NEWSWIRE) — Pavia.io Officially Launches As The First Cardano Metaverse.

As Non-Fungible Tokens (NFTs) explode onto the Cardano blockchain, the Metaverse officially arrives in the form of the pavia.io project, which is somewhat similar in style to Decentraland but build on proof of stake blockchain technology.

In the same way the Cardano blockchain took inspiration from the famous mathematician Gerolamo Cardano, this metaverse project takes its name from his 1501 Italian birthplace, Pavia.

As art-based NFT sales boom on Cardano, thanks largely to the CNFT.IO trading platform with its pre-smart contract launch in the summer of 2021 and low network transaction fees, early adopters now appear to be turning their attention to NFTs which offer more utility than a social media profile picture ‘flex’.

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.

As with all metaverse projects Pavia has an in-game currency, $PAVIA, of which 25% was airdrop to Pavia NFT land holders following a blockchain snapshot in December 2021. In an ecosystem before DeFi and fully functioning Decentralised Exchanges (DEXs) the tokens along with a small number of other native assets are being actively traded on mueseliswap.com which operates a basic, yet functional, order matching system.

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

For more information about the Cardano metaverse and its inherent features, visit – www.pavia.io. Pavia also has a growing online presence across social media, including Discord, Twitter, and YouTube.

Website: http://www.pavia.io

Video URL: https://youtu.be/tVSFopDElg8


Name: Morgan David
                  Email: legal@pavia.cz
                  Organization: Pavia Corp.





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Metaverse

Metaverse Real Estate Market is Growing at 31.2% CAGR to

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London, UK, Jan. 25, 2022 (GLOBE NEWSWIRE) — According to Brandessence market research, the Metaverse Real Estate Market size is Expected to grow at 31.2% CAGR during 2022-2028. Soaring popularity of metaverse real estate across the globe and rising inclination towards NFTs in the metaverse environment are some of the major factors driving the growth of Global Metaverse Real Estate Market.

A sudden popularity of metaverse in real-estate market is skyrocketing and various investors are willing to pay millions. The market is expected to witness an attractive growth in the coming few years. Metaverse is a step in the direction of the digitalization of the real world. It is referred to as a decentralized computing platform and virtual reality experience contained various diverse digital realms. Over the past few months, the term “Metaverse” has been rising in popularity owing to the business opportunities that arose. Players can purchase land, build stores, and art galleries in this metaverse real estate platform. Metaverse real estate is one of the platforms where one can do anything they want to do in a virtual world. The price of virtual real estate is based upon most of the same factors as one has to determine the value of a piece of actual real estates such as location, lot size, existing structures, and demand all play a huge role in valuation.

Get Sample Copy of This Premium Report@ https://brandessenceresearch.com/requestSample/PostId/1818

Metaverse Real Estate Market Key Players: Linden Lab, Metaverse Group, Decentraland Marketplace, Zillow, many more.

Global Metaverse Real Estate Market Dynamics:

Increasing investment in metaverse real estate market and growing popularity among the population are some of the major factors driving the market growth. Metaverse real estate is the latest buzzworthy investment right now which is hugely gaining popularity all over the world. Number of players fully intend to generate spaces like virtual malls and other rentable properties. The concept of metaverse real estate captured the hearts and minds of nearly 70% of Americans. As, the masses of metaverse real estate platforms, like Decentraland, Sandbox and many others are available nearby the world. For example; Metaverse Group, one of the first companies to get into the digital real estate business operated a virtual world called Decentraland. Token.com announced that on average 116 parcel estates were sold for the equivalent of about USD 2.5 million. As well as, on December 8th, 2021, The Sandbox platform trading in virtual real estate has about 2,182 sales in a week. Further, Decentraland has approximately 339 total sales of metaverse real estate. Real estate in the metaverse is an amazingly speculative investment and hence gaining huge opportunities in this digital realm. Consequently, this factor is intensively flourishing the growth of the market for metaverse real estate across the globe.

In addition, the enormous inclination towards NFTs in the metaverse real estate environment is another aspect that is augmenting the evolution of the market. For example; the data from the platform NonFungible.com indicated that there has been across USD 300 million in NFT sales in December 2021. Of that total, nearly a quarter has been for digital land in The Sandbox metaverse. Also, on January 4th, 2022, PwC bought virtual land NFT in the Sandbox’s metaverse. Apart from the aforementioned points, in 2020, throughout an online auction, there was a digital artwork that sold for on an average five hundred thousand USD. It was the first NFT digital house sold and was a landmark moment in NFT technology. This sale marked the start of the craze around virtual real estate NFTs. The metaverse is an immersive virtual reality experience of the internet that uses NFT technology to pay and own items online. As a result, NFT is playing a vital role in the real estate platform of the metaverse which is further pushing courtesy of millions of people towards it. Hence, soaring demand of NFTs in metaverse land is more expressively booming the market for global metaverse real estate.

However, high cost of metaverse real estate and lack of awareness especially in emerging countries which may hamper the market growth. As, Sandbox’s top seller, LAND #48766, was sold for around USD 57,171.00 or Decentraland’s top seller, EST #1965, for almost USD 758,250.00. This may pessimistically affect the metaverse real estate market all over the world. Despite this, technological advancements in terms of security in devices and improved user security & high confidence among users can provide massive opportunities for the further growth of the global metaverse real estate market.

Global Metaverse Real Estate Market Segmentation:

The Global Metaverse Real Estate Market is segmented on the basis of component, end-use, and region & country level. Based on component, the metaverse real estate market is divided into hardware and software. Based on end-use, the metaverse real estate market is divided into residential and commercial.

Get Methodology @ https://brandessenceresearch.com/requestMethodology/PostId/1818

News: T&B Media Launched ‘Translucia’ Metaverse, a Virtual World, Partnering with MQDC in Property — a New World First

On September 30th, 2021; T&B Media Global (Thailand) planned to invest 10 billion baht to launch the Translucia metaverse, the first imaginative virtual world in Thailand, with property developer Magnolia Quality Development Corporation (MQDC). Translucia’s first partner is MQDC, which plans to develop projects in the metaverse. MQDC is the first property developer to use Translucia. It plans to develop a city in this virtual world as it prepares to create a new entity, MQDC Metaverse, responsible for urban development and virtual real estate projects.

Superworld & Tokens.com To Form Strategic Metaverse Partnership

On January 14th, 2022; The virtual world platform SuperWorld has partnered with Metaverse Group, a subsidiary of publicly traded company Tokens.com, who will bolster their metaverse presence by investing up to USD $1 million on SuperWorld’s virtual real estate platform. The partnership diversifies Metaverse Group’s eight figure portfolio, with investment focusing on virtual real estate that encompasses historically and culturally significant locations, along with landmarks and newsworthy sites where creative projects, entertainment and future events will be hosted by Metaverse Group.

Virtual Plot worth $4.3 Million Sold On Metaverse

On December 11th, 2021; the virtual land was acquired by a developer from the video game company Atari. The metaverse archived just to retain breaking themselves. A plot of virtual real estate was just sold for nearly USD 4.3 million in The Sandbox, creating it the most expensive metaverse property sale as of December 8, 2021. In accordance with the Wall Street Journal, the virtual land was attained by the developer from Atari, which is one of the leading video game companies.

Regional Analysis:

On a geographic basis, North America is expected to capture the largest share of the global metaverse real estate market increasing investment in the metaverse real estate and presence of many players in this region. When it comes to innovations and technologies, the U.S. is always at the forefront across the world as it is one of the developed countries. Indeed, lots of major players have a huge presence in this region. The concept of investing millions on the non-existent property may sound ludicrous, but feverish estimates of a virtual reality future are forcing investors to bet giant on metaverse real estate. For example; in December 2021, New York-based Company Republic Realm announced that it had spent a record-breaking of around USD 4.3 million on digital land through The Sandbox, one of numerous “virtual world” websites where people can socialize, play games, and even join concerts. That came hot on the heels of about USD 2.4-million land purchased in November 2020 on a rival platform, Decentraland, by Canadian crypto company Tokens.com.

On Special Requirement Metaverse Real Estate Market Report is also available for below Regions and Country:

North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

Get Full Report@ https://brandessenceresearch.com/technology-and-media/metaverse-real-estate-market

Look at Related Reports:

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I-Factor is our guaranteed seal to keep our clients ahead of the competition, always. This knowledge platform delivers real-time updates on key economic indicators, competitive landscape, changing demand, trends, customized regional insights, and more. The platform visualizes key data points to help make decision making agile, trustworthy, and holistic. Register for free trail here @ https://brandessenceresearch.com/i-factor/login/userRegister    

Brandessence Market Research & Consulting Pvt Ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Website: https://brandessenceresearch.com

Blog: Metaverse Companies

Brandessence Market Research & Consulting Pvt ltd

Mr. Vishal Sawant

Email: vishal@brandessenceresearch.com   



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Metaverse Avenue Announces Presale Mint, Public Mint on Jan 27, 2022

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The presale mint on the world’s first NFT-based advertising platform Metaverse Avenue will take place tomorrow and public mint will be on January 27 2022.

A new project called Metaverse Avenue, built on Solana, was created in order to use the capabilities of NFT to promote their products, personal and corporate brands in the digital world.

Metaverse Avenue will allow users to purchase NFT and receive an advertising block on the digital billboards of the project. The owner of the block will be able to put up the photos on these blocks, more specifically, profile photos (PFP) format and websites. If you have a personal brand, NFT, product, or even if you are:

  • A social media figure
  • A content creator.

We can not fail to mention the possibility of earning a Passive income along with advertising on Metaverse Avenue. For instance, if there is no more vacant block on the billboard, you can resell your NFT and benefit from that. You can rent your blocks to other people, where only you and advertiser will decide the cost for renting block; here, Metaverse Avenue will only be the guarantor between you and the advertiser.

According to the official website of the project Metaverse Avenue will issue a total of only 10,000 tokens. 1 NFT will be equal to 1 block on the billboard. The purchase of blocks will be available for pre-sale tomorrow on January 26 at 20:00 UTC. The value of NFT is 0,99 SOL during the pre-sale period and 1,99 SOL is during the public mint January 27 at 20:00 UTC. The token will be supported by Solana compatible wallets, such as Phantom, Sollet, Solflare and Math wallet.

The platform enters a multi-year development phase with exciting new functions and options.

https://discord.com/invite/GZr3A6NNZR
https://twitter.com/MetaverseAvenue
https://instagram.com/metaverse_avenue
https://metaverseavenue.net/





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Daler Mehndi to Become First Indian Singer to Perform in Metaverse: All You Need to Know

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Indians seem to be warming up to the up and coming “metaverse” space, which is a blockchain-supported fully functional virtual universe. As India gears up to ring in its 73rd Republic Day on January 26, celebrated Punjabi singer Daler Mehndi announced a special performance in the metaverse to mark the special occasion. With this, the 54-year-old performer will become the first Indian artist to step into the virtual world to entertain his fans, setting quite a benchmark for other celebrities.

The singer posted a video announcing his upcoming metaverse performance via his official Instagram handle, along with a link for users to click on and claim free passes.

Mehndi will be taking the virtual stage on “partynite.metaverse,” which according to its Instagram bio, allows people to create avatars, play games, and earn NFTs.

As per the official website of partynite.metaverse, it is a “digital parallel universe, powered by blockchain” where people can hang out with friends as customisable avatars, meet new people as well as join parties and events.

The platform also allows people to claim, mint, and sell playable digital collectibles also known as non-fungible tokens (NFTs) in order to make the metaverse more interactive.

Mehndi’s virtual avatar will be performing some of his top songs as part of his metaverse performance which will begin at 12:00pm IST on January 26.

The news has triggered excitement among Daler Mehndi’s fans on Twitter.

Previously, international artists like Travis Scott, Justin Bieber, Marshmello, and Ariana Grande have hosted metaverse concerts, which allowed them to entertain their fans without gatherings during the testing times of COVID-19.

It is, however, clear that the metaverse space is growing bigger with passing days in India.

Music label T-Series also announced its entry into the metaverse in partnership with Hungama TV earlier this week. As part of the deal, Hungama will be creating NFTs from the vast catalogue of new and existing Bollywood content parented by T-Series.

Earlier this month, a couple from India’s Tamil Nadu state announced their Harry Potter-themed wedding reception in the metaverse.

The late father of the bride will host the celebrations in the metaverse, where the guests along with the newly married couple will mark their attendance as digital avatars in February.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.





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