The Metaverse Index (MVI) underwent a rebalance this month, including changes to both constituents and weights. According to its recently updated methodology, the index aims to reflect the Metaverse and Gaming trends in virtual economies facilitated by blockchain technology and NFTs.
Eligible tokens must meet certain criteria, such as being ERC-20 tokens on the Ethereum blockchain, categorized in specific CoinGecko or Messari categories, and having a certain market capitalization and daily decentralized exchange trading volume, among other requirements.
The weighting of constituents in MVI is determined by a blend of square root market capitalization and decentralized exchange volume. The existing and new compositions of the MVI are outlined, with four tokens (ENJ, AUDIO, MC, LOOKS) being removed and three new tokens (RNDR, BLUR, FET) being added due to their relevance in their respective areas.
The $BLUR token is the native governance token for the Blur NFT marketplace, a fair and community-driven platform for NFT traders and collectors.
Launched in October 2022, Blur quickly gained attention in the NFT marketplace sector, surpassing OpenSea in terms of sales volume and instigating a change in trading fees among other platforms by eliminating them for both buyers and sellers.
Blur's community-focused approach allows token holders to participate in governance decisions, earn rewards, and access exclusive features.
Render Network: $RNDR
RNDR is a utility token primarily used as a medium of exchange for services such as animation, motion graphics, and VFX rendering on the RNDR Network.
This network is a decentralized, peer-to-peer GPU computing system that matches creators who require more computational power to render their projects with providers who offer GPU power in return for RNDR tokens. It paves the way for intricate GPU-intensive render tasks to be dispersed and handled across a P2P network, simplifying the processes of rendering and streaming 3D spaces, models, and objects for the end-users.
The $FET token is the native cryptocurrency of the Fetch.ai ecosystem. It is used to power the transactions and operations within the Fetch.ai network
Fetch.ai is a blockchain-based platform that seeks to revolutionize how we conduct transactions and interact with the digital world. The core concept of Fetch.ai is to bring together machine learning, artificial intelligence (AI), multi-agent systems, and decentralized ledger technology to create an economic internet.
Disclaimer: This content is for informational purposes only and is not legal, tax, investment, financial, or other advice. You should not take, or refrain from taking, any action based on any information contained herein, or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. This information is not intended to be comprehensive or address all aspects of Index or its products. There is additional documentation on Index’s website about the functioning of Index Coop, and its ecosystem and community.
You shall not purchase or otherwise acquire any of our token products if you are: a citizen, resident (tax or otherwise), green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (a “U.S. Person”), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. Person, a “Restricted Person”). The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized). You shall not resell or otherwise transfer any of our token products to any Restricted Person. The transfer or resale of any of our token products to any Restricted Person is not permitted. Click here to view the list of Tokens Restricted for Restricted Persons. You shall read the Terms of Service and use our Website in compliance with the Terms of Service.