How are new Metaverse Index (MVI) Tokens Created?
New MVI tokens are created through a process called minting.
- The Metaverse Index Cooperative periodically rebalances the index composition to include new metaverse-related tokens.
- When a reconstitution occurs, new MVI tokens are minted and allocated to the participants in the ecosystem.
- This ensures that the index remains up-to-date and accurately represents the metaverse industry.
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.