Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: Ferki on March 06, 2021, 01:45:31 PM
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Many of you know that there are crypto funds where you can buy several coins in one fund. It works like stocks, you are so to say "protected" if a coin / stock crashes.
You still have the value of the other 9 if there were about 10 individual values in there.
There is also such an index fund just for Defi. That's DPI, which summarizes and maps the 10 largest DeFi tokens in an index. Each DPI token is stored by the various DeFi tokens of the index.
Recently the Index Cooperative Community proposed a new “ETF Token” that should be launched soon. The token is said to offer itself to the emerging Metaverse sector. A metaverse is a collective virtual space that can be made unique with the help of non-fungible tokens. Many Metaverses proponents believe that the future of entertainment, sports and business will, in large part, be relocated to a virtual environment.
The Metavers Index, MVI, from Index Cooperative will be introduced as soon as possible and will include many of the NFT sector's best-known tokens such as Decentraland (MANA), Enjin (ENJ), Rarible (RARI) and Sand (SAND).
MVI should initially only be available on UniSwap and SushiSwap.
Such an index fund or ETF token is certainly interesting for many because you don't always have time to take care of every coin on the market and you don't have to worry if one of many coins crashes in the fund.
For me personally it is also of great interest because I missed a lot in the NFT but certainly not this opportunity. Therefore, I will inform you about it as soon as I have new messages.
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Yes, this can be another interesting product coming from people who are already familiar with NFTs and I am sure they reviewed the potential of the projects that they are planning to invest with. The most salient feature here is the spread of risks compared to if you want to be investing with each individual platforms on the list. As long as the fund is managed well and professionally, then this can be a good thing to get into. We are looking forward for more details on this good option as I am sure that NFTs will be growing a lot this year.