All Blog Posts

What’s in the Metaverse Index ($MVI)?

The Metaverse Index is a root capitalization-weighted, liquidity adjusted index that is designed to capture the trend of entertainment, sports, and business shifting to virtual environments.

Metaverse Index $MVI Token Guide

The Metaverse Index is a root capitalization-weighted, liquidity adjusted index that is designed to capture the trend of entertainment, sports, and business shifting to virtual environments.

The universe of $MVI includes tokens within Coingecko’s nonfungible tokens (NTFs), entertainment, virtual reality, augmented reality, and music categories that have market caps in excess of $30m and at least three months of trading history.

16 Current Underlying Tokens in the Metaverse Index

The $MVI currently includes the following tokens in the index:

  • Illuvium ($ILV): is building what is widely expected to be the first AAA blockchain-based game on Ethereum. $ILV is the native governance token.
  • Axie Infinity Shards ($AXS): $AXS is the governance token of, the leading game in the play-to-earn gaming revolution where players battle and breed collectible NFT pets.
  • Enjin ($ENJ): $ENJ is the utility token that powers’s NFT economy. In the Enjin ecosystem, businesses can develop, trade, and monetize gaming NFTs using $ENJ.
  • Decentraland ($MANA): is the first fully decentralized metaverse world where users can create and share in unique digital experiences. $MANA is used in-game as the native currency.
  • The Sandbox ($SAND): is a community-driven platform where anyone can create and monetize games on-chain using voxel NFT assets. $SAND is used to facilitate this vibrant gaming economy.
  • WAXE ($WAXE): is a purpose-built e-commerce blockchain that facilitates NFT value transfer with major partnerships with gaming studios such as Atari. $WAXE is the protocol’s utility token.
  • Audius ($AUDIO): is a music streaming protocol that bridges content creators with their fans. The $AUDIO token is integrated throughout the platform, providing security, feature access, and governance administration.
  • Ethernity Chain ($ERN): is a community-oriented platform that produces limited edition NFTs and trading cards from popular NFT artists. The $ERN token is used by collectors to farm rare NFTs.
  • NFTX ($NFTX): is a protocol for creating ERC-20 tokens backed by NFT collectibles, unlocking instant liquidity for what is typically a highly illiquid asset class. $NFTX is the governance token that allows holders to vote on new proposals.
  • Terra Virtua ($TVK): is an immersive platform that allows collectors to purchase digital collectibles and display them in a virtual reality space called the Fancave. $TVK is a utility token for the platform, allowing collectors to earn additional rewards, unlock extra features, and participate in the vibrant collectible economy.
  • Rarible ($RARI): is a creator-centric NFT marketplace where anyone can mint, buy, and sell unique digital goods like artworks, game items, collectibles, and more. The $RARI governance token allows the community to directly participate in governance over the marketplace and its treasury.
  • WHALE ($WHALE): is a social currency backed by rare NFTs. The basket of NFTs underpinning the currency are held in the $WHALE Vault, and include some of the rarest digital assets from Gods Unchained, Cryptovoxels, Sandbox, Avastars, and a variety of digital artists.
  • Decentral Games ($DG): is a DAO-governed Metaverse casino in Decentraland that players own and operate using the ERC-20 governance token, $DG.
  • REVV ($REVV): is an ERC20 token that is used in supported play-to-earn motorsport blockchain games developed by Animoca Brands. These games currently include F1 Delta Time (the official Formula 1 blockchain game), MotoGP (a motorcycle racing game based on MotoGP), and Formula E (an officially licensed game with Formula E).
  • Muse ($MUSE): $MUSE is the governance token of, a protocol that seeks to tokenize NFT assets, making them tradable on decentralized exchanges (e.g. Uniswap or Sushiswap).
  • Meme ($MEME): Birthed from a joke in the heat of DeFi summer, is a meme coin that has grown into a burgeoning decentralized protocol for farming NFTs.

For more information on $MVI or the Index Coop community, join our Discord and drop your question in the #help channel!

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.

Recent Posts