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About NFT Index
The NFT Index is a digital asset index designed to track tokens’ performance within the NFT industry. The index is weighted based on the value of each token’s circulating supply. The NFT Index aims to track NFT projects in Decentralized Finance that show a commitment to ongoing maintenance and development.
Initial Index Conditions:
Index includes 8 tokens: Polygon (Matic), Enjin, Decetraland, Sand, Axie Infinity, Aavegotchi, Rarible and Meme. The price per token and circulating supply were taken on February 3rd, 2021 from CoinGecko. The price per token multiplied by the circulating supply determines the circulating market cap. Each position is weighted by its relative circulating market cap to other positions in the index.