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Metaverse Index is an index launched by Index Coop. Metaverse Index, by Index Coop, is a basket of tokens designed to capture the trend of entertainment, sports and business shifting to a virtual environment. The index is represented by an ERC20 token.

The MVI uses a combination of square root of market cap and liquidity weighting to arrive at the final index weights. We believe that liquidity is an important consideration. The space overall is rather nascent still and shallow liquidity complicates on-chain rebalancing and portfolio allocation.
The final index weights are calculated using the following formula:
TW = 75%*RMCW + 25%*LW
where,
TW – token weight in the $MVI
RMCW – square root of market cap weighted allocation
LW – liquidity weighted allocation

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