JPG NFT Index (JPG) and Collectooors Moving from Index Coop to MoonRock
This move will allow Index Coop to better focus on its core product strategy and give JPG greater flexibility and renewed attention under complete ownership by the original methodologist.
November 3, 2022
In another move to double down on our core product strategy, Index Coop voted to transfer the ownership and maintenance of the JPG NFT Index (JPG) and Collectooors NFT collection to MoonRock.
This move will allow Index Coop to better focus on its core product strategy and give JPG greater flexibility and renewed attention under complete ownership by the original methodologist. Holders of JPG and Collectooors NFTs will not experience any change or be required to take any action.
About JPG and the Collectooors
Launched in April 2022, the JPG NFT Index token ($JPG) provides exposure to a diversified basket of blue-chip and premier NFT collections through the convenience of a single token.
With JPG, investors can access some of the most established NFT collections without the high cost and curation typically needed to invest in individual NFTs. JPG was designed for those seeking to enter the NFT market but who lacked the necessary capital or curation expertise. The product also addresses NFT enthusiasts who want a broad holding of blue-chip NFTs as part of their core position. Governance of the JPG index is vested in holders of the Collectors NFT.
Next Steps
Index Coop and Moonrock have agreed to the following:
- The ownership of the smart contracts for JPG and The Collectooors will be transferred to MoonRock.
- Index Coop will update all portals, e.g., CoinGecko, CoinmarketCap, TokenSets, Etherscan, Argent, Zerion, Index Coop pages, etc.
- Product income (i.e., 100% of the streaming fee and mint/redeem fee) will be directed to MoonRock.
- MoonRock will manage JPG on Argent.
- Support for JPG and The Collectooors will move to the MoonRock Discord.
We look forward to JPG and MoonRock’s future success.
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