Thread by @verto0912

1/ The #Metaverse index ($MVI) has been around for almost 2 months. While performance has been challenging, we believe it’s consistent with the characteristics of the sector. Smaller cap, early-stage tokens tend to underperform in down markets but outperform on the upside.

2/ There are ~1,300 wallets holding $MVI & around 80,000 units issued. At the peak, we had ~$7m in AUM & ~$8m in Uni liquidity.

To kickstart the next leg of growth for $MVI we put forward a request for $128k in funding to run a range of initiatives.

gov.indexcoop.com/t/mvi-growth-b…

3/ First, we plan to partner up with @YieldGuild to set up an @AxieInfinity guild. We are big fans of Yield Guild and their mission of empowering guild members to earn a living through play-to-earn games.

4/ @indexcoop will provide the capital to initially buy and breed 90 Axies, supporting 24 scholars. The scholars will be managed by @Sarut0biSasuke and will keep 70% of their earnings. The rest will be split equally between the Coop, YGG and Sarutobi.

5/ This initiative will generate a stream of passive income for the Coop while providing real-life economic opportunities to the scholars. It will also further enhance Index Coop’s position in the Metaverse space.

6/ We also want to sponsor content from @cagyjan1 and @kookoo_crypto. Both came highly recommended and produce great content around NFT and play-to-earn games. Passive investment products are a natural fit for those in the gaming world who want to diversify their crypto exposure.

7/ On the more ambitious end of the spectrum, we are working with static and caf from @theFreeAndMad to look into hosting a music festival in @decentraland or @cryptovoxels. This would include a VIP zone for $MVI holders and a lot of other experiences.

8/ The other two initiatives have to do with directly incentivising unit supply growth, as opposed to liquidity, and also providing $MVI incentives for $DPI purchases (or the other way around). The second campaign is similar to the cashback promo we ran with @zerion_io recently.

9/ We generally think that Uni v3 will reduce the need for liquidity incentives and open up some financial room for other types of incentive structures. The last two initiatives are the experiments we want to run in light of that.

10/ These should get us through the next 3 months of what we expect to be a high growth period for $MVI. We now wait for the feedback from our community and will put forward a formal IIP in the next few days.