Metaverse Index MVI Price

What is Metaverse Index (MVI)?

In the realm of digital investment, Index Coop has introduced the Metaverse Index (MVI), an ERC-20 token designed to reflect the evolving trend of virtual environments in entertainment, sports, and business. This index, comprising sixteen selected tokens, aims to offer investors a consolidated entry point into the metaverse landscape.

1. Origin and Purpose of Metaverse Index (MVI)

Launched by Index Coop, MVI functions as a basket of tokens strategically chosen to capture the shift towards virtual experiences. The primary objective is to provide investors with exposure to the metaverse trend within a single token.

2. Token Selection Criteria

Index Coop employs a systematic approach to token selection, considering factors such as non-fungibility (NFTs), relevance to the entertainment or music industry, and involvement in virtual reality/augmented reality (VR or AR) protocols. Additional criteria include market cap, liquidity history, and security features.

3. Index Weights and Allocation Methodology

Token weights within MVI are determined by a formula combining the square root of market cap and liquidity. The final formula, TW = 75%RMCW + 25%LW, is utilized to achieve a balanced representation. The index holds sixteen diverse assets, including Illuvium, Enjin, WAX, and others, aiming to mitigate individual token volatility.

4. The Role of Tokenset in MVI Creation

Tokenset, functioning as an asset management platform, plays a crucial role in MVI creation. By bundling crypto-assets into collateralized baskets represented as ERC-20 tokens, users can mint MVI tokens. This process is facilitated through Tokenset's smart contract, enabling both purchasing and issuance based on proportional holdings of underlying tokens.

5. Overview of Index Coop's Ecosystem

Index Coop, established in 2020 and headquartered in the US, operates as a decentralized autonomous organization (DAO) specializing in cryptocurrency index tokens. Supported by venture capitalists, including Sequoia Capital, Blockchain Ventures, and White Star Capital, Index Coop aims to simplify user access to various market trends, including the metaverse, through its index products.

6. Future Implications of Metaverse Index (MVI)

As the metaverse concept continues to evolve, MVI represents Index Coop's commitment to providing users with a straightforward and diversified investment option. With no fixed issuance or supply schedule, MVI stands as a dynamic reflection of the ongoing transformations within the metaverse landscape.

In conclusion, Metaverse Index (MVI) emerges as a pragmatic and innovative investment vehicle, offering investors exposure to the metaverse trend through a carefully curated basket of tokens. Positioned within the digital investment landscape, MVI provides a streamlined avenue for investors seeking a comprehensive entry into the metaverse phenomenon.

What is unique about Metaverse Index (MVI)?

Metaverse Index (MVI) stands out for its innovative approach, offering investors a single ERC-20 token representing a curated basket of sixteen assets, strategically selected to capture the evolving trend of entertainment, sports, and business shifting to a virtual environment.

Who are the founders of Metaverse Index (MVI)?

Index Coop, the organization behind Metaverse Index, operates as a decentralized autonomous organization (DAO) and was founded in 2020.

Who are the backers/investors of Metaverse Index (MVI)?

Index Coop is backed by notable venture capitalists, including Sequoia Capital, Blockchain Ventures, White Star Capital, and others. These investors demonstrate confidence in the organization's mission of creating cryptocurrency index tokens.

Where can I buy Metaverse Index (MVI)?

You can buy Metaverse Index (MVI) on Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Mercado Bitcoin, Balancer V2 (Polygon), Sushiswap (Polygon POS) cryptocurrency exchanges.