Objective of the Metaverse Index (MVI):
The Metaverse Index (MVI) is designed to capture the trend of entertainment, sports and business shifting to take place in virtual environments. The MVI uses a combination of the square root of market cap and liquidity weighting to arrive at the final index weights.
MVI Rebalance Weights:
Weights were calculated as of April 30th 2021
Here’s the change in allocations with “current” allocation taken at the time of writing.
Rebalance summary:
The above weights were calculated based on the average market cap and liquidity during the determination phase, which is always the last 7 days of the month.
Since the inception of MVI on April 7th, MANA and AXS outperformed significantly with WAXE and ENJ also delivering strong returns. This led to the trimming of allocations to these four tokens. RARI and SAND saw the highest increase in portfolio allocation, with changes for the rest of the tokens being under 1%.
Furthermore, the MVI will have no new token additions this month.