1/ The #Metaverse as an investment theme has been gaining traction as #VR , #NFTs, and gaming collide to create new & interesting virtual worlds.
With @indexcoop's $MVI and @PieDAO_DeFi's $PLAY coming out soon, I wanted to offer a high-level overview of both index options.
🎮👇
With @indexcoop's $MVI and @PieDAO_DeFi's $PLAY coming out soon, I wanted to offer a high-level overview of both index options.
🎮👇
2/ Before I dive into the funds, for a breakdown of the potential opportunity set within the #Metaverse sector, I highly recommend @Delphi_Digital/@BitkraftVC's @pierskicks' essay below.
🧠🔌
metaversed.net/Into-The-Void-…
🧠🔌
metaversed.net/Into-The-Void-…
3/ Investment Objective
Both funds provide diversified exposure to #Ethereum projects that focus on virtual ownership through #NFTs, gaming, #VR and entertainment.
The creator economy coupled with increasing time spent in virtual spaces contribute to the #Metaverse theme.
Both funds provide diversified exposure to #Ethereum projects that focus on virtual ownership through #NFTs, gaming, #VR and entertainment.
The creator economy coupled with increasing time spent in virtual spaces contribute to the #Metaverse theme.
4/ $MVI Methodology
$MVI will invest in projects in @coingecko's #NFTs, Entertainment, #VR, #AR, & Music sectors that have (a):
🎮 Market cap >$30m
🎮 Reasonable DEX liquidity
🎮 3-mo track record
This is a liquidity-adj. market cap weighted index.
gov.indexcoop.com/t/iip-15-metav…
$MVI will invest in projects in @coingecko's #NFTs, Entertainment, #VR, #AR, & Music sectors that have (a):
🎮 Market cap >$30m
🎮 Reasonable DEX liquidity
🎮 3-mo track record
This is a liquidity-adj. market cap weighted index.
gov.indexcoop.com/t/iip-15-metav…
5/ $PLAY Methodology
The $PLAY Index provides exposure to the most relevant projects in the segment.
Individual weightings are capped at 20% of the portfolio. @nftx's @0xChop's expanded proposal includes #NFT indices (e.g. $PUNK & $SOCKS).
forum.piedao.org/t/pip-56-bis-e…
The $PLAY Index provides exposure to the most relevant projects in the segment.
Individual weightings are capped at 20% of the portfolio. @nftx's @0xChop's expanded proposal includes #NFT indices (e.g. $PUNK & $SOCKS).
forum.piedao.org/t/pip-56-bis-e…
6/ Asset Allocation
Here is a quick snapshot of the most recently available proposed weightings for each fund. The third column shows the overweight/underweight of @PieDAO_DeFi's $PLAY versus @indexcoop's $MVI.
Here is a quick snapshot of the most recently available proposed weightings for each fund. The third column shows the overweight/underweight of @PieDAO_DeFi's $PLAY versus @indexcoop's $MVI.
7/ General Observations
🎮 Liquidity of the underlying tokens will be a primary focus for both funds given the smaller size of the projects.
🎮 The $NFTX funds included in $PLAY provide more direct exposure to #NFTs whereas $MVI branches out into related sectors (e.g. music).
🎮 Liquidity of the underlying tokens will be a primary focus for both funds given the smaller size of the projects.
🎮 The $NFTX funds included in $PLAY provide more direct exposure to #NFTs whereas $MVI branches out into related sectors (e.g. music).
8/ General Observations
🎮 Both have unique projects that standout (e.g. $MVI includes the virtual casino @DecentralGames' $DG token, $PLAY includes DeFi x NFT crossover @aavegotchi's $GHST token).
🎮 $PLAY is slightly more concentrated (average holding size of 7.1% vs 6.7%).
🎮 Both have unique projects that standout (e.g. $MVI includes the virtual casino @DecentralGames' $DG token, $PLAY includes DeFi x NFT crossover @aavegotchi's $GHST token).
🎮 $PLAY is slightly more concentrated (average holding size of 7.1% vs 6.7%).
9/ Conclusion
This is not a recommendation of one fund over the other, just my general observations. DYOR.
Make sure if you are a holder of $INDEX or $DOUGH to vote on the proposals. Governance is important!
The #Metaverse is coming.
Are you ready to play? 🎮
This is not a recommendation of one fund over the other, just my general observations. DYOR.
Make sure if you are a holder of $INDEX or $DOUGH to vote on the proposals. Governance is important!
The #Metaverse is coming.
Are you ready to play? 🎮
10/ Shoutout to both the @PieDAO_DeFi and @indexcoop teams for creating indices in such an exciting space.
@DarkForestCap and @verto0912 put together the $MVI proposal. @MessariCrypto's @masonnystrom is also assisting.
@Alexintosh and @0xChop put together the $PLAY proposal.
@DarkForestCap and @verto0912 put together the $MVI proposal. @MessariCrypto's @masonnystrom is also assisting.
@Alexintosh and @0xChop put together the $PLAY proposal.
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