History of Metaverse Index (MVI)
The Metaverse Index (MVI) is a liquidity-adjusted, root capitalization-weighted index that was launched in November 2020 by the crypto asset management firm called Index Coop. Index Coop firm has launched this index to capture the trend of entertainment, social activity, and business moving to take place in virtual economies, powered by NFTs and blockchain technology.
- The MVI index fund was created to provide investors with exposure to the growing metaverse industry, which is a virtual world built on blockchain technology.
- The MVI index fund is designed to track the performance of a basket of different tokens related to the metaverse, including cryptocurrencies that are used to facilitate transactions within virtual worlds, governance tokens that are used to manage decentralized autonomous organizations (DAOs) that control virtual assets, and other tokens that are used to provide users with access to different aspects of the metaverse.
Events of the Metaverse Index MVI
- 2020: The MVI is launched by Index Coop.
- 2021: The MVI’s market capitalization grows from $1 million to over $100 million.
- 2022: The MVI is listed on major exchanges, such as Binance and Coinbase.
- 2022: The MVI is used by major investment firms, such as Grayscale and Fidelity.
What is the Metaverse Index ?
The Metaverse Index (MVI) is designed to capture the trend of social activity, entertainment powered by NFTs and blockchain technology. It uses a combination of the square root of market cap and DEX liquidity to arrive at the final index weights. The article focuses on discussing Metaverse Index in detail.
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