The new crypto niche: NFTs, play-to-earn, and metaverse tokens

David Vidal-Tomás

Finance Research Letters, 2022, vol. 47, issue PB

Abstract: The combination of blockchain technologies and the gaming industry has given rise to metaverses and play-to-earn games, which incorporate their own economy, commerce, and currencies, namely, metaverse and play-to-earn tokens. In this study, we analysed the performance and dynamics of 174 tokens, showing that this new crypto niche is characterised by (i) a positive performance in the long run, (ii) the absence of high co-movements with the cryptocurrency market, (iii) the emergence of bubbles, (iv) and the absence of high correlations with NFT features, such as number of transactions, sales and Google searches.

Keywords: Metaverse; Play-to-earn; NFT; Cryptocurrency; COVID-19; Diversification (search for similar items in EconPapers)
JEL-codes: G10 G11 G40 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Working Paper: The new crypto niche: NFTs, play-to-earn, and metaverse tokens (2022)
Working Paper: The new crypto niche: NFTs, play-to-earn, and metaverse tokens (2022)
Working Paper: The new crypto niche: NFTs, play-to-earn, and metaverse tokens (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:47:y:2022:i:pb:s1544612322000630

DOI: 10.1016/j.frl.2022.102742

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