EconPapers    
Economics at your fingertips  
 

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

David Vidal-Tomás

MPRA Paper from University Library of Munich, Germany

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; Gaming industry; Diversification (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2022-02-15
New Economics Papers: this item is included in nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/113033/1/MPRA_paper_113033.pdf original version (application/pdf)

Related works:
Journal Article: The new crypto niche: NFTs, play-to-earn, and metaverse tokens (2022) Downloads
Working Paper: The new crypto niche: NFTs, play-to-earn, and metaverse tokens (2022) Downloads
Working Paper: The new crypto niche: NFTs, play-to-earn, and metaverse tokens (2022) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:113033

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2025-03-19
Handle: RePEc:pra:mprapa:113033