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

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  • Vidal-Tomás, David

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.

Suggested Citation

  • Vidal-Tomás, David, 2022. "The new crypto niche: NFTs, play-to-earn, and metaverse tokens," MPRA Paper 113033, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:113033
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    References listed on IDEAS

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    More about this item

    Keywords

    Metaverse ; Play-to-earn ; NFT ; Cryptocurrency ; Gaming industry ; Diversification;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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