Digital real estate in the metaverse: An empirical analysis of retail investor motivations

【Author】 Ante, Lennart; Wazinski, Friedrich-Philipp; Saggu, Aman

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】This paper investigates retail investor motivations for digital real estate ownership in the cryptometaverse. Utilizing a detailed financial behavior survey of metaverse landowners' intrinsic and extrinsic motivations, we apply principal components analysis to uncover four distinct motivational groups: (1) Aesthetics and Identity, (2) Social and Community, (3) Speculation and Investment, and (4) Innovation and Technology. Our findings reveal that age, education, investment knowledge, risk-taking, and impulsivity significantly influence investor group membership. This research provides valuable insights to investors and developers, underscoring the potential of a platform to attract retail investors with speculative intentions, engagement longevity, and passive or active trading characteristics, contingent on unique crypto-metaverse attributes.

【Keywords】Metaverse; Digital real estate; Virtual land; Non-fungible tokens (NFTs); Retail investors; Cryptocurrency

【发表时间】2023 DEC

【收录时间】2023-09-12

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