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

Vidal-Tomás, David (2022): The new crypto niche: NFTs, play-to-earn, and metaverse tokens. Published in: Finance Research Letters

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 paper, we analysed the performance and dynamics of 174 tokens, the results of which show that this new crypto niche is characterised by a positive performance in the long run and the absence of dependences on the cryptocurrency market, which could attract more gamers, traders, and companies. However, all these groups should be cautious due to the possible onset of a new crypto bubble.

• Item Type: MPRA Paper
• Language: English
• Keywords: Metaverse , Play-to-earn , NFT , Cryptocurrency , Gaming industry , Diversification
• Subjects: G - Financial Economics > G1 - General Financial Markets > G10 - General

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