Metaverse Index
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Metaverse Index from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Metaverse Index.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.