We all grow with the notion that we will get rich just by getting a job that pays well. People don’t get rich just by renting out their time, they get rich by owning equity or a piece of business. Even if you don’t live a very fancy lifestyle and save money, your money is depreciating every year due to inflation, it has increased very rapidly in the last 1-2 years, that’s why investing is important. There was a time when a company called Blockbuster was the leading player in the distribution of movies but it didn’t change with the changing time and Blockbuster doesn’t exist anymore. It’s companies like Netflix, Amazon who dominate in the distribution of movies now and this happened because the internet became mainstream. Something similar is happening now, legacy companies are set to be disrupted by blockchain companies and 2021 has just given a mere glimpse of it.
Blockchain is a revolutionary technology. For a long time, the only business models that creators had were ads but Blockchain has enabled stuff like NFTs, co-owning a platform and co-creating it. Many blockchain projects like ENS have rewarded their early users with tokens. In the long run, as blockchain becomes mainstream these projects will also become big and if you invest in them today you can get a huge return in the coming years.
When you join as a newbie in Web3 it’s very easy to get overwhelmed with it and even if you have invested some time in Web3, the space moves so fast that it’s impossible to keep up with all the projects, so investing also becomes difficult. Index Coop has one of the best contributors flow, most oiled team and as it’s said that a great team makes the great product. In the next 10 years Index Coop aims to become decentralized Blackrock, it might seem like a cheesy statement but Index Coop leadership and products clearly state that they are up to something that’s why I have started exploring Index Coop products and planning to invest through it and so should you.
Let’s go through a few of Index Coop products
DPI
DPI full form is DeFi Pulse Index, you can consider it as S&P 500 of DeFi and it makes investing pretty easy. You don’t need to be an active investor who is spending a large chunk of your time reading about different DeFi protocols and then losing money in some of them who don’t have a solid product. Many people who are new to Web3 start investing from DPI because it enables them to get exposure to a wide set of assets without any hassle. Index Coop enables you to become a passive investor as the top experts in the industry choose the best performing DeFi assets in DPI and the world-class engineering team of Index Coop makes investing pretty smooth for you.
MVI
The full form of MVI is Metaverse Index. Metaverse has caught a lot of hype after Facebook rebranded itself as Meta and Mark Zuckerberg gave interviews to Social media influencers. Many projects are building products and platforms for the metaverse economy but after Facebook’s bold move this space has also started moving incredibly fast, MVI gives you a bucket of tokens of top projects. If you want to understand it better consider it as a bucket of stocks that are picked for gaming, online experiences, and metaverse stuff. You may not have time to focus on so many things like DeFi, metaverse apart from your daily job, or anything else that you so you can very smoothly invest in metaverse projects through MVI. After COVID many people started spending much more time online and now we have come to a state where online life matters more than offline life for many folks specially for the younger generation so you should pay attention to Metaverse and the best and easiest way to invest is through MVI.
DATA
You might have heard of this phrase that Data is the new oil and in Web2 the data used to be restrained to only centralized companies but blockchain changes everything. All the stuff is open source and data also. You might have seen some very beautiful Dune Analytics Dashboards. Data has been a core component in taking key business decisions and developing the overall strategy for almost all companies. As the activity of blockchain increases more, data will become more important and companies that are focusing on Data will become pretty big very soon. so it will be great to invest in the projects that are going to lead the Data industry in the future and you can invest in them easily through the Data Economy Index of Index Coop.
BED
It’s called Bankless BED Index. Index Coop has made this product in collaboration with one of the biggest DAOs Bankless. It’s composed of DPI. Ethereum and BTC. Along with the boom in DEFI in 2021 Ethereum and Bitcoin also got much stronger than USD. I remember Balaji telling in one of the podcasts that Ethereum and Bitcoin might appear very volatile in short term but over the years it has given much higher returns than S&P 500. BTC is considered as digital gold, Ethereum enabled a large portion of entire crypto innovation and DeFi has also been on the boom so if you want to invest in something that covers most of Web3 this will be the best stuff to invest in.
If you want to invest through Index products like DPI, MVI, BED and, DATA you will have to buy the tokens and you can buy them easily from the Index Coop app .
Connect your wallet to the Index Coop app and click on the Index Product section to see one of the Index products and then buy according to your preferences. You can save gas fees if you buy tokens through the Polygon Network.
You can also earn Index tokens by contributing to Index Coop. If you are looking to get your hands dirty or contribute to a DAO, Index Coop is one of the best choices. Index Coop documentation is best and their onboarding is also top level. Join their Discord and to know more about how to contribute to Index Coop, you can read it here.
The article is for educational purposes only, it’s not financial advice.