What Is Metaverse NFT Index (PLAY)?

A metaverse is a virtual space that merges physical reality, augmented reality (AR), and the internet. The metaverse virtual space is spread across physical and virtual worlds, which enables users to experience new different places in its AR world. Metaverse and blockchain gaming are the two main categories of the Web3 ecosystem, where users can have their ownership in the virtual world with relative ease.

Traders can add funds to their metaverse ecosystem while diversifying their portfolios to the PieDAO community with prior research and due diligence. PieDAO is a DAO (decentralized autonomous organization) community that focuses on tokenizing the product ecosystem. DAO is an organization created by developers to automate the decision-making processes and smooth crypto asset transactions. 

According to the whitepaper, the PieDAO community intends to build a world where wealth creation is a passive and automated process accessible to everyone. In addition, skillful individuals create strategies for wealth generation and distribute them across the globe. 

Next, PLAY is a PieVault that offers a more secure architecture than traditional AMM-based ETF products. PLAY was established with an aim to create a broader metaverse index in the world crypto market. It also provides full exposures to the entire metaverse ecosystem, including blockchain gaming, entertainment projects, and infrastructure. PieVault, on the other hand, appears to be the next generation of PieDAO products. It employs each of the underlying assets with a yield-generating strategy. 

PLAY also provides exposure to the in-demand sectors defining the metaverse. It also seeks to track an index of blockchain entertainment, gaming, and infrastructure projects. Moreover, PLAY offers meta-governance and enables DOUGH holders to vote using the underlying assets. Furthermore, PLAY allows investors to invest in the metaverse ecosystem powered by blockchain. Moreover, it lets traders diversify their portfolios. And lastly, it reduces gas fees by managing users' positions.