Short
- Matthew Ball, Multicoin Capital and Bitwise Asset Management have partnered to create the Metaverse Crypto Asset Index and Related Fund.
- The index will consist of 40 crypto assets selected by the partners.
Working to bring a wide range of crypto builders metaverse For life, whether through platforms, tools, assets or infrastructure. Now one of the leading voices around the metaverse has launched an index fund focused on the next generation of internet-connected crypto assets.
Today, author and venture capitalist Matthew Ball Ball announced a partnership with Multicoin Capital and Bitwise Asset Management to launch the Multicoin Bitwise Metaverse Index. Bitwise has also made available an affiliate fund for eligible buyers.
“We developed the Ball Multicoin Bitwise Metaverse Index Fund because, prior to today, there was no easy, expert and methodologically diverse way for investors to gain broad-based exposure to a broadly Metaverse-focused crypto asset,” the ball told decrypt,
“To this end, the index does not exist in Event A or Market Conditions B. It exists so that investors can participate in what we believe is a multi-trillion dollar transformation that will unfold over the coming decade,” he said. to continue. , “If blockchain is relevant to the future of the metaverse, and our outlook is good, then we believe the opportunity is significant – today, tomorrow, next month, and so forth.”
The index will include 40 crypto assets selected by the partners, but a list of the included assets was not provided. decrypt till the time of publication. Bitwise’s Affiliate Fund is available to eligible buyers with a minimum investment of $100,000.
Ball describes the Ball Multicoin Bitwise Metaverse Index as a “rules-driven index that combines the best of institutional indexing approaches with specialized optimization for the crypto and metaverse space. It includes various risk screens, such as analysis of liquidity.” , developer activity, technology and regulatory risks, and “relevance to the metaverse,” Ball said.
“The ultimate goal is to curate crypto assets that will build an open metaverse and grow contributors to success,” he said.
Crypto and Metaverse
The metaverse refers to a future version of the Internet, which many believe will be built on blockchain technology. It is expected to be a more immersive and interactive experience for people to navigate through 3D avatars and use for work, play, shopping and socializing. can also use NFT Assets for user-owned items such as avatars, apparel and virtual lands.
Ethereum-based games like Decentraland And sandbox seen as early examples of the metaverse.
Facebook too demonstrated his vision for space and even rebranded its parent company to Meta last fall. However, it is not entirely clear whether Facebook has plans for an open platform that is interoperable with others.
Ball is a lead author on the metaverse, whose work . is published in new York Times, economistAnd bloomberg, His book, “The Metaverse: And How It Will Revolutionize Everything,” is due out in July from WW Norton.
He is also a Managing Partner at Epilianco, which has invested in crypto startups such as Dapper Labs and Mirror, as well as a Venture Partner at Makers Fund. ball behind Roundhill Ball Metaverse ETFWhich focuses on Metaverse-focused stocks and trades on the New York Stock Exchange.
“Our objective was to build a diversified, balanced and expertly designed crypto metaverse index,” explained Kyle Samani, Co-Founder and Managing Partner, Multicoin Capital.
“It required an equally capable team,” he continued. “Matthew Ball is the definitive thought-leader in Metaverse strategy and investing. We specialize in crypto assets and are one of the leading crypto investment firms. And Bitwise Asset Management is the proven leader in crypto indices and index funds.”
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