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MTVR Metaverse Report (September 2-23)

1 min read · 170 views Inhee Lee Sep 28, 2022

Industry updates from the Fount Metaverse ETF (MTVR) for September 2 - 23. 
Click here to access the full list of holdings. 


Naver Launches Metapod 
Naver Cloud, a cloud computing service owned by Naver Corp., launched a metaverse service called Metapod. Metapod will provide end-to-end management to customers looking to construct social networks of 3D virtual worlds. Users can design a virtual world to host online events such as conferences, seminars, job fairs, interviews, etc. using methods like extended reality (XR) and digital twin technology. Naver Cloud's sales executive director Tae-kun Lim  said, “As non-contact emerges as a new paradigm and rapidly increases business demand using metaverse across the industry, the launch of cloud services to build metaverse is not an option but a necessity.” [1]





Meta Partners with Qualcomm to Make Virtual Reality Chips 
Meta Platforms and Qualcomm have signed a multi-year agreement to develop custom chipsets for virtual reality products powered by Qualcomm’s Snapdragon extended reality platforms. Mark Zuckerberg announced that the customized virtual reality chips will be for the future roadmap of Meta’s Quest products. [2]





Bandai Namco, Sega, and Square Enix Join Oasys Blockchain
Japanese gaming giants Bandai Namco, Sega, and Square Enix have joined the Oasys blockchain in hopes for mainstream blockchain game adoption. At the recent 2022 Tokyo Games Show, director Ryo Matubara from Oasys suggested that the companies are looking to develop brand new blockchain games rather than integrating blockchain technology into their existing franchises. Bandi Namco developed titles like Tekken, Sega is most known for its Sonic the Hedgehog series, and Square Enix created the beloved Final Fantasy games. [3]


Square Enix / Oasys



Naver Launches K-Pop NFT Platform
Naver and messaging app Line has launched a new NFT (non-fungible token) platform called NOW.Drops. The platform allows K-pop fans to mint NFTs of their favorite artists by cropping out of the content on NOW, Naver’s live audio and video streaming service. NOW.Drops is linked to LINE’s e-wallet DOSI, which can be used by logging in via social media and making payments. [4]





Learn how to invest in your future experiences with Fount ETFs
The Fount Metaverse ETF (MTVR)

The Fount Metaverse ETF (MTVR) seeks to provide investment results that, before fees and expenses, generally correspond to the performance of the Fount Metaverse Index.  The index was designed to measure the performance of companies that develop, manufacture, distribute, or sell products related to metaverse technology.

MTVR may be an attractive vehicle for investors looking to invest in the metaverse.

For a full list of MTVR holdings, please click here.


The Fount Subscription Economy ETF (SUBS)

The Fount Subscription Economy ETF (SUBS) seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Fount Subscription Economy Index. The Index was designed to measure the performance of companies engaged in the business of providing subscription services, i.e., companies that sell products or services for recurring subscription revenue.

SUBS may invest in companies that offer subscription-based pricing models, including those in the technology hardware industry.

For a list of SUBS holdings, please click here.


1) Chang-won, Lim. “Naver Cloud unveils metaverse construction and operation solution called 'Metapod'” Nate, September 2, 2022.
2) Kharpal, Arjun. “Meta and Qualcomm strike deal to make custom virtual reality chips for metaverse applications,” CNBC, September 2, 2022.
3) Quarmby, Brian. “Bandai Namco, SEGA among video game giants eyeing blockchain gaming,” Cointelegraph, September 19, 2022.
4) Lavania, Ritu. “South Korea’s Naver & LINE Launch NFT Platform for K-Pop Fans,” The Crypto Times, September 22, 2022.


Inhee Lee


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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 855-425-7426 or visit our website at www.fountetfs.com. Read the prospectus or summary prospectus carefully before investing.

Exchange Traded Concepts, LLC. serves as the investment advisor to the Funds. The Funds are distributed by SEI Investments Distribution Co., (SIDCO) 1 Freedom Valley Drive, Oaks, PA 19456. SIDCO is not affiliated with Exchange Traded Concepts, LLC. or Fount Investment Co. Ltd.

Risk Disclosure:


Investing involves risk, including possible loss of principal. There is no guarantee the Funds will achieve their stated objectives. In addition to the normal risks associated with investing, international investments may involve the risk of capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles, or social, economic, or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume. 


The Funds’ concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors. For MTVR, the Fund may be concentrated in the entertainment and interactive media & services industries. The entertainment industry is highly competitive and relies on consumer spending and the availability of disposable income for success, which may cause the prices of the securities of companies to fluctuate widely. The prices of the securities of companies in the interactive media & services industry are closely tied to the overall economy's performance. Changes in general economic growth, consumer confidence, and consumer spending may affect them. MTVR may also be subject to the specific risks associated with metaverse companies. These risks include but are not limited to small or limited markets, changes in business cycles, world economic growth, technological progress, rapid obsolescence, and government regulation. Smaller, start-up companies tend to be more volatile than securities of companies that do not rely heavily on technology. Metaverse Companies may rely on a combination of patents, copyrights, trademarks, and trade secret laws to establish and protect their proprietary rights. There can be no assurance that these steps will be adequate to prevent the misappropriation of their technology or that competitors will not develop technologies that are equivalent or superior to such companies’ technology.


For SUBS, the Fund may be concentrated in the software industry. Technological changes, pricing, retaining skilled employees, changes in demand, research & development, and product obsolescence can affect the profitability of software companies causing fluctuations in the market price of company securities. 


Both Funds are subject to communication services sector risk, which can involve the same risks as being concentrated in the software industry. Network security breaches, potential proprietary or consumer information theft, or service disruption can negatively affect companies’ stock prices.


The Funds are non-diversified. The Funds are new and have limited operating histories for investors to evaluate. New and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility.