Thread by @Crypto_Texan

Most undervalued sector in crypto with the greatest L2 potential? The Metaverse.

✨The Metaverse Index is 15 tokens in ONE✨

$MVI is a basket of tokens capturing the trend of NFTs, entertainment, sports, & business shifting to a virtual environment.

What's in the $MVI?

1/🧵👇

2/ $ENJ - @enjin - 16.2% of the $MVI

#Enjin allows game developers to tokenize in-game items on the #Ethereum blockchain. It uses $ENJ, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

3/ $MANA - @decentraland - 14.9% of the $MVI

#Decentraland is a decentralized VR world. Where you can purchase land, build on it, monetize, and immerse into the applications and content that is built by other users. Land and in-game currency give users complete ownership.

4/ $SAND - @TheSandboxGame - 11.4% of the $MVI

#TheSandbox is a blockchain-based virtual world where users to create, build, buy & sell digital assets in-game. By combining the powers of DAOs and NFTs, the game creates a decentralized platform for a thriving gaming community.

5/ $WAXE - @WAX_io - 10.3% of the $MVI

Global brands trust WAX to launch their NFT sales, including @deadmau5, @Atari, @Topps, @WilliamShatner, @Capcom, etc.

#WAXE is purpose-built for e-commerce and is a protocol token that can be staked for governance voting and rewards.

6/ $AUDIO - @AudiusProject - 7.4% of the $MVI

#Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.

7/$AXS - @AxieInfinity - 7.1% of the $MVI

#AxieInfinity is a blockchain-based trading and battling game, owned and operated by its players.

Inspired by games like Pokémon, the game allows players to collect, breed, raise, battle & trade token-based creatures known as Axies.

8/ $WHALE - @WhaleShark_Pro - 5.1% of the $MVI

#WHALE is a social currency backed by rare NFTs. The basket of NFTs underpinning the token are held in the WHALE Vault. Includes some of the rarest #NFTs from @GodsUnchained, @cryptovoxels, @TheSandboxGame, @AvaStarsNFT, and more.

9/ $NFTX - @NFTX_ - 4.8% of the $MVI

#NFTX is a platform for creating ERC20 tokens backed by NFT collectibles. Users create and trade #NFT-backed funds, like CryptoPunks, Axies, CryptoKitties, & Avastars, from a DEX. This creates more liquidity for NFTs (typically less liquid)

10/ $RFOX - @RFOX_GAMES - 4.4% of the $MVI

#RedFOXLabs is an emerging tech-venture incubator in Southeast Asia. Their goal is to build, launch, & scale high-growth ventures in e-commerce, e-media (e-sports/gaming), e-travel, & ride-sharing/logistics in the Southeast Asia region

11/ $RARI - @rariblecom - 4.1% of the $MVI

#Rarible is a creator-centric #NFT marketplace and issuance platform. Users can create NFTs for unique digital items like artworks, game items and more. Rarible offers a fully-featured marketplace that creates a smooth user experience.

12/ $TVK - @Terra_Virtua - 3.8% of the $MVI

#TerraVirtuaKolect is a cross-platform non-fungible token (NFT) ecosystem that offers a curated marketplace for #NFT creators and collectors to interact. The Terra Virtua Kolect platform spans web, PC and mobile AR/VR environments.

13/ $DG - @decentralgames - 3.5% of the $MVI

#DecentralGames is a DAO-governed Metaverse casino in Decentraland, which players own and operate with $DG tokens. The community earns $DG by adding value to the ecosystem: playing games, providing liquidity, governance, & referrals.

14/ $REVV - @REVV_Token - 2.4% of the $MVI

#REVV is the main utility token and in-game currency for branded motorsports blockchain games produced by @AnimocaBrands, like the @F1DeltaTime blockchain game, & a title based on the @MotoGP IP. A third game is currently in the works.

15/ $MEME - @DontBuyMeme - 2.3% of the $MVI

#MEME platform hosts digital artists & offers its community chances to mint NFTs by staking $MEME tokens. When staking, users earn credits (called pineapples) which are used to mint the NFTs. $MEME is also used to bid on art auctions.

16/ $MUSE - @NiftyMuseum - 2.1% of the $MVI

#NFT20 tokenizes NFTs, making them tradable on DEXs. Anyone with a #NFT can create a pool on the protocol & receive an ERC20 token derivative of that NFT. This creates liquid secondary markets for what are typically less liquid assets.

17/ For a MUCH deeper dive on the assets that are included in the Metaverse Index $MVI. I would recommend this article by @accel_capital

acceleratedcapital.substack.com/p/the-metavers…

18/ The most recent MetaPortal Podcast with @verto0912 and @DarkForestCap.👾

This episode covers:
- $MVI performance to date
- WAX blockchain, the under-the-radar project
- Blockchain games vs. mainstream counterparts
- General market turmoil 🌪️

metaportal.substack.com/p/metaportal-p…

19/ Here @verto0912 and @DarkForestCap talk the Metaverse Index $MVI with @gabrielhaines on the Talking Crypto Podcast.

20/ The $MVI uses a combination of root market cap & liquidity weight for $MVI allocations. Liquidity is important to consider in this space.

75% * RMCW + 25% * LW = TW

TW – token weight
RMCW – square root of market cap weighted allocation
LW – liquidity weighted allocation

21/ Lastly, check out this tweet storm about the Metaverse by @verto0912

https://twitter.com/verto0912/status/1401999232320552960?s=20