Metaverse Index

Overview

The Metaverse Index (MVI) is an index token that tracks the performance of tokens in the metaverse ecosystem, including virtual worlds, gaming, NFTs and entertainment protocols. It was created by Index Cooperative to provide exposure to multiple metaverse-related projects through a single token.

Purpose and Utility

The primary purpose of MVI is to serve as an investment vehicle that gives holders exposure to a basket of metaverse tokens that are automatically rebalanced periodically. The token represents actual ownership of the underlying assets in the index.

Business Model

The index operates by holding a selection of tokens from metaverse-related projects. The underlying tokens are those used in virtual worlds, gaming, and NFT platforms. None of the underlying protocols appear to be primarily focused on gambling, interest-based lending, or other prohibited activities.

Real World Adoption

The index has achieved modest adoption as a way to gain diversified metaverse exposure. It is actively traded on decentralized exchanges and has genuine utility in providing index-based exposure to the metaverse sector.

Platform Development

Index Cooperative maintains and regularly rebalances the index composition based on their methodology. The protocol is actively maintained and the index methodology is transparent.

Token Distribution

The token distribution appears reasonable, with no excessive concentration among founders. The index tokens are backed by actual cryptocurrency assets held in smart contracts.