what's Metaverse Index?

Metaverse Index (MVI) is a tokenized index fund providing diversified exposure to the metaverse sector. Created by Index Coop, it aggregates leading metaverse and NFT-related cryptocurrencies into a single tradable asset, allowing investors to gain broad market participation without selecting individual tokens. MVI operates on decentralized exchanges like SushiSwap on Polygon, rebalancing periodically to maintain optimal weighting based on market cap and performance. Holders can stake MVI for rewards or use it in DeFi strategies, with governance via Index Coop's DAO enabling community input on index composition and parameters.

MVI product fees increased as part of IIP 196 implementation.