Buy Metaverse Index with Coinbase Wallet

Metaverse Index can be traded using Coinbase Wallet, your key to the world of crypto.


Market stats

Market cap


Volume (24h)


Circulating supply


All time high


Price change (1h)


Price change (24h)


Price change (7d)


Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

Metaverse Index is on the decline this week.

The price of Metaverse Index has fallen by 2.92% in the past 7 days. The price declined by 3.37% in the last 24 hours. In just the past hour, the price grew by 0.29%. The current price is $18.56 per MVI. Metaverse Index is 98.88% below the all time high of $1,657.95.

The current circulating supply is 0 MVI.


Rate Metaverse Index

Be one of the first to share a rating for this project


What Is Metaverse Index (MVI)?

The Metaverse Index (MVI) is one of the many products of Index Coop, a decentralized autonomous organization (DAO) specializing in creating cryptocurrency index tokens. A crypto index token allows traders to acquire wide exposure to the crypto market or a specialized industry segment, making it easier for amateurs to engage in trading. Index Coop offers several fund tokens, each concentrating on a particular business, such as DeFi or the metaverse, where users leverage their investments. The Metaverse Index is a collection of tokens created to capitalize on the trend of entertainment, sports, and business moving to a virtual world through an ERC-20 token, MVI, to represent the index. In simple terms. Metaverse Index aims to be a single investable token for underlying assets. As of today, the Metaverse Index has sixteen assets and aims to keep on increasing.

By definition, the metaverse can be understood as a massively scalable, open, engaging, and real-time platform made up of interconnected virtual worlds where anyone may socialize, work, transact, play, and innovate. Simply, the metaverse is a shared digital space or the future of the internet. Accordingly, the Metaverse Index aims to tokenize this concept with a single token, MVI.

The Metaverse Index fund aims to provide a simple approach to capture a wide market trend based on the metaverse concept without having to research and update a portfolio continually. Thereby, the sixteen tokens that the Metaverse Index captures, including Illuvium, Enjin, Waxe, etc., offset the volatility of the individual tokens that the underlying assets carry. These underlying assets follow a set of rules to determine inclusion and exclusion from the index. As a result, this index fund aims to benefit users from a reduced gas fee compared to trading sixteen tokens individually.

According to the Index Coop platform, the selection of tokens for each index follows specific criteria. The Metaverse Index ropes in tokens that are non-fungible (NFTs), based on the entertainment or music industry or belonging to virtual reality/augmented reality (VR or AR) protocol. Other criteria such as market cap, history and consistency of liquidity position, and security features are also considered, among others. Further, in order to derive the final weights of the tokens for MVI, the index uses a mathematical formula. Typically, a combination of the square root of market cap and liquidity weights is used to determine the final index weight of MVI. Later, as a part of index price maintenance, a rebalancing phase occurs to change the index composition.

History of Metaverse Index (MVI)

MVI is a product of Index Coop, or Index Cooperative. This company is based in the US, founded in 2020. According to the platform, MVI takes insights from Mason Nystrom, an industry expert and senior research analyst at Messari, in addition to the objective methodology to determine the index weights. Index Coop is backed by venture capitalists such as Sequoia Capital, Blockchain Ventures, White Star Capital, and others.

How Are New MVI Tokens Created?

As the MVI token is an index product, there is no issuance or supply schedule and tokenomics. The token represents a basket of sixteen tokens with varied allocation. For instance, 1 unit of MVI can hold 11.7 MANA, 6.2 ENJ, 12.6 SAND, and so on. However, the platform lets users mint MVI tokens using underlying components on Tokensets.

The Tokenset is an asset management platform that utilizes existing DeFi protocols to enable financial infrastructure to everyone. Deployed on the set protocol, the key use case of Tokenset is bundling crypto-assets into collateralized baskets, represented as ERC-20 tokens on the native blockchain. The Tokenset sources underlying components from DEXs to execute the trade and then mint the MVI token. Additionally, for larger sets, the Ethereum network fee varies proportionally.

Further, the platform also offers to issue MVI units if the user already holds underlying tokens in the correct proportions. As a result, this method does not require the user to purchase the token. In order to utilize the Tokenset smart contract, users authorize each token. Notably, this is to permit the issue of user tokens and does not send any tokens. Finally, the network lets users issue new MVI units once approved.

Related Assets

Trending assets

Assets with the biggest change in unique page views on over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Metaverse Index in market cap.

Reading List


CoinDesk • Jun 02, 23

Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain

The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.

Read more

News Article Image

CoinDesk • Jun 02, 23

U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K

Continued strong gains in monthly employment figures have added to the Fed's case for rate hikes.

Read more

News Article Image

CoinDesk • Jun 02, 23

First Mover Americas: Bitcoin Bounces Back to $27K Ahead of Jobs Report

The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Read more

News Article Image

CoinDesk • Jun 02, 23

Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining's Texas Site

Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.

Read more

News Article Image

CoinDesk • Jun 02, 23

Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.

Read more

News Article Image

CoinDesk • Jun 02, 23

Uniswap Community Votes Down Protocol Fees for Liquidity Providers

The initial snapshot poll was voted against by the community in a surprising move.

Read more

News Article Image

CoinDesk • Jun 02, 23

First Mover Asia: Bitcoin Has Reached 'a General Accumulation Phase': Analyst

ALSO: BTC-20 tokens are pushing toward a $500 million market cap, and data from Glassnode shows that they have been a boon for miners.

Read more

News Article Image

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox


What is the current price of Metaverse Index?

We update our Metaverse Index to USD currency in real-time. Get the live price of Metaverse Index on Coinbase.

What is the market cap of Metaverse Index?

The current market cap of Metaverse Index is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Metaverse Index?

The all-time high of Metaverse Index is $1,657.95. This all-time high is highest price paid for Metaverse Index since it was launched.

What is the 24 hour trading volume of Metaverse Index?

Over the last 24 hours, the trading volume of Metaverse Index is $52.70K.

What other assets are similar to Metaverse Index?

Assets that have a similar market cap to Metaverse Index include Leonicorn Swap, SMILE, Have Fun, and many others. To see a full list, see our comparable market cap assets.

How many Metaverse Index are there?

The current circulating supply of Metaverse Index is 0.

Can I buy Metaverse Index on Coinbase?

Yes, Metaverse Index is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Metaverse Index guide.