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

【Author】 Vidal-Tomas, David

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【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

【发表时间】2022 JUN

【收录时间】2022-08-28

【文献类型】实证数据

【主题类别】

区块链应用-虚拟经济-NFT