The new crypto niche: NFTs, play-to-earn, and metaverse tokens
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INVESTIGACIONMetadata
Title
The new crypto niche: NFTs, play-to-earn, and metaverse tokensAuthor (s)
Date
2022Bibliographic citation
VIDAL-TOMÁS, David. The new crypto niche: NFTs, play-to-earn, and metaverse tokens. Finance Research Letters, 2022, 102742.Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/publishedVersionSubject
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 cur-
rencies, namely, metaverse and play-t ... [+]
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 cur-
rencies, 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. [-]
Is part of
Finance Research Letters, 2022, 102742.Funder Name
European Union-NextGenerationEU
Project code
MGS/2021/13 (UP2021-021)
Rights
info:eu-repo/semantics/openAccess
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- ECO_Articles [696]