1/ The monthly update for @indexcoop#Metaverse Index, $MVI is ready! Performance remained challenging, as expected given the early tech / early narrative nature of the space, but we saw great numbers from a few tokens namely $AXS, $RARI and $MUSE.
2/ MVI returned -21.7% in June, underperforming BTC and ETH, which declined by 5.8% and 15.8%, respectively.
So far, MVI is more correlated with ETH than BTC at 0.84 vs. 0.74, respectively. MVI’s beta to BTC is 1.35 while its beta to ETH is only 1.05.
Jun 21, 2021 • 14 tweets • 4 min read
1/ There’s been a lot of coverage of #PlayToEarn recently.
What if we told you that most of that coverage is sort of missing the point, and there is a deeper change occurring?
Check out our latest MetaPortal research piece to learn more 👇
metaportal.substack.com/p/the-memetic-…2/ Play-to-earn is about social power, social consensus and memes. It has nothing to do with fundamentals. This is not so different from stocks.
Let’s use AMZN as an example.
Jun 3, 2021 • 12 tweets • 4 min read
1/ Time for a new research piece from @DarkForestCap and myself. Today, we dig into @TheSandboxGame and #SAND token. After the May rebalance, $SAND makes up ~11.5% of $MVI. Thanks to @borgetsebastien for feedback and comments.
2/ Without revealing too much, we're pretty excited about The Sandbox. The team is top-notch, executing on their vision to build a true metaverse with play-to-earn dynamics and distributing full ownership to creators and players.
1/ The #Metaverse index ($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.
Most of us in DeFi view the Metaverse as an investment opportunity. The type of sectoral exposure that is very common in TradFi.
2/ Talking to the underlying projects, their communities operate on more of a social layer than the investment layer. They might invest in their project’s token, but they are really there for social, gaming and community vibes.
