Where It All Started.

Where It All Started.

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Month: January 2022

Pavia Metaverse Project Debuts On Cardano (ADA)

The Metaverse is currently in its early stages. While Ethereum-based metaverse games like The Sandbox have exploded in popularity, investors are also interested in developing applications on secure PoS networks like Cardano. One of the distinctive triggers for ADA’s recent climb is its inclusion, which is interesting.

Pavia, a Cardano-based metaverse project, is identical to Decentraland but for one major difference: it is based on Proof-of-Stake (PoS).

Pavia’s admission into the Cardano ecosystem comes at a time when its own crypto-asset, ADA, has been under constant negative pressure as a result of the market-wide downturn.
However, the NFT activity on top of the network gave the token a much-needed boost, and it now trades at $1.55, up over 14 percent in the previous 24 hours.

Pavia, the Cardano blockchain’s freshly released gaming application, has huge aspirations for this year. At least 100,000 “land parcels” have been released so far, each of which is minted as a unique numbered Cardano NFT (CNFT) based on coordinates. In October and November of last year, more than 60% of the land lots were pre-sold. The remainder will be available in the current quarter.

Pavia has around 8,300 landowners, according to the official website. They cannot, however, visit or install any material into their separate land parcels at this time. The staff was working “to offer the in-game Pavia experience,” according to the website.

Pavia, like other metaverse projects, includes an in-game money called PAVIA that is utilized for usefulness inside the metaverse ecosystem.
After a blockchain snapshot in December 2021, Pavia NFT landholders received a 25% airdrop of this native coin.

Pavia has recently announced a partnership with readyplayer.me, a cross-game avatar platform for the metaverse, to allow users to create their own avatars that are interoperable with over 700 applications and games outside of the Pavia ecosystem.

Pavia plans to bring liquidity to Cardano decentralized exchanges [DEXs] and investigate cross-chain liquidity in the first quarter of 2022.

It also intends to investigate on-platform assets, gamification, and other topics. The project’s goals for the next quarter are to collect all comments and “start building for the in-game Pavia.io experience look and feel,” as well as to double down on interoperability, cross-chain, and cross metaverse. Pavia Plaza will host the first live event in the third and fourth quarters, and Pavia portal testing will commence.

U.S. Inflation Hits 7% First Time In 40 Years And What It Means To Bitcoin (BTC)

Inflation in the United States just reached 7%, the highest level in 40 years.

The recent Consumer Price Index (CPI) data boosted Bitcoin and Ethereum prices by more than 3% and 4.5 percent, respectively, bringing their unit values above $43,000 and $3,300.

While historical trends imply that the $11 trillion gold market is the best bet for a secure hedge against dollar depreciation, the crypto market’s reaction to current inflation suggests that many people are willing to resort to cryptocurrencies this time.

This is especially true for many people in the medium to upper income brackets who want to preserve their cash and near-liquid investments from depreciation.

With over 160 percent value rise in 2021, Bitcoin, Ethereum, and other cryptocurrencies have a higher chance of being a viable alternative to fiat value loss for the typical American investor.

According to the most recent Consumer Price Index chart, energy (33.3%) is the leading driver of inflation, followed by housing (4.1%), food costs (>6%), cars, and medical care services (>2%).

Since Biden cut off domestic exploration in favor of importation, the United States has been experiencing increasing gasoline scarcity.

The Federal Reserve System of the United States announced in November that it expects a further increase and has already planned procedures to contain such a spike.

The hike in interest rates is one of the most important of these initiatives, as it will limit increasing borrowing throughout the time.

Bitcoin (BTC) To Reach Six Figures According Goldman Sachs

According to Goldman Sachs, the price of Bitcoin might reach $100,000 in the near future. The largest cryptocurrency, according to the financial giant, presently accounts for a quarter of the worldwide store of value market.

If Bitcoin continues to eat away at gold’s market share, it might approach the six-figure mark. Bitcoin evangelist Max Keiser sees the price hitting $220,000 this year due to the network’s rapidly growing hashrate. Bitcoin, on the other hand, has limited upside, according to legendary investor Ray Dalio. While Bitcoin increased by about 60% last year, it lagged behind the bulk of altcoins and even some major corporations.

MicroStrategy CEO Michael Saylor, on the other hand, believes Bitcoin will reach $600,000.

Despite experiencing substantially less volatility, Apple shares managed to outperform Bitcoin in 2021, according to Joe Weisenthal, co-host of the Odd Lots podcast.

Furthermore, as compared to real estate and the S&P 500 index, Bitcoin’s risk-adjusted returns are significantly lower.