Meeting Details

Date: August 26, 2022

Reason for Meeting: Standard Quarterly Meeting

In Attendance: Matthew Ball, Jonathan Glick, Matt Hougan, Kyle Samani, Shayon Sengupta

Meeting Notes

Item 1: Review and Verify All Data Sources for Uptime, Accuracy, and Robustness

Description: The Committee will review and verify all data sources contributing to the Ball Multicoin Bitwise Metaverse Index for uptime, accuracy, and robustness.

Discussion: Matt Hougan confirmed that all data sources are working as expected in regard to uptime, accuracy, and robustness.

Item 2: Review and Approve Any Changes to the Ball Multicoin Bitwise Metaverse Index Methodology

Description: The Committee will review and approve any changes to the Ball Multicoin Bitwise Metaverse Index methodology.

Discussion: The Committee reviewed the current methodology. No changes were proposed. 

Item 3: Review and Approve All Methodological Decisions That Require Judgment or Discretion

Description: The Committee will discuss and approve all methodological decisions that require judgment or discretion.

Discussion: The Committee reviewed and discussed the following items:

A) Metaverse Themes


The index methodology requires that the Committee determine the core thematic categories of crypto assets (“Metaverse Themes”) that are critical to the long-term growth of an open Metaverse at each meeting.


The Committee determined that the relevant Metaverse Themes are:

• Asset Ledgers and Interoperability Solutions

• Decentralized Finance and Marketplaces

• Infrastructure and Tools

• Virtual Platforms and Communities

This represents no changes from the prior meeting.

B) Metaverse Theme Weightings


The index methodology requires that the Committee determine the weight assigned to each Metaverse Theme at each quarterly meeting, noting that no theme may represent more than 50% of the index.



The Committee determined that the following weights should be assigned:

• Asset Ledgers and Interoperability Solutions: 35%

• Decentralized Finance and Marketplaces: 20%

• Infrastructure and Tools: 35%

• Virtual Platforms and Communities: 10%

This represents no change from the prior meeting.

C) Eligible Crypto Assets


The index methodology assigns the Index Committee the sole responsibility for determining which crypto assets are included within each Metaverse theme.



The Committee reviewed all relevant crypto assets and determined each asset’s eligibility.

D) High-Growth-Potential Allocations

The index methodology allows the Committee to allocate up to 10% of the weight within each Metaverse Theme on a discretionary basis to projects with high growth potential, provided that those assets are weighted at levels below capped limits.

The Committee assigned the following high-growth-potential allocations by theme:

• Asset Ledgers and Interoperability Solutions

  • MATIC: +8%

  • FLOW: +2% 

• Decentralized Finance and Marketplaces

  • SRM: +10% 

• Infrastructure and Tools

  • AR: +3.33%

  • ENS: +3.33%

  • RNDR: +3.33%

• Virtual Platforms and Communities

  • No boost applied

E) Review the List of Eligible Crypto Asset Trading Venues

The index methodology requires the Committee to review the crypto asset trading venues that are eligible to contribute prices to the asset pricing mechanism.

The Committee completed this review and determined that no changes were needed. 

Item 4: Developments Impacting the Market and/or Individual Ball Multicoin Bitwise Metaverse Index Constituents

Discussion: The Committee reviewed relevant news items that occurred since the prior Index Committee meeting and discussed how they could impact crypto in general and Metaverse-linked crypto assets specifically.

Item 5: Adjournment

The Chair adjourned the meeting.

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