Munich Personal RePEc Archive

Metanomics: Adaptive market and volatility behaviour in Metaverse

Shah, Anand and Bahri, Anu (2022): Metanomics: Adaptive market and volatility behaviour in Metaverse.

[thumbnail of MPRA_paper_114442.pdf]

Download (1MB) | Preview


This study presents stylized facts of the fungible tokens/currencies (MANA/USD and SAND/USD) in the Metaverses (Decentraland and The Sandbox). Metaverse currency exchange rate market exhibits very high conditional volatility, albeit no leverage effect, less impact of the real-world crisis (Global Lockdown due to COVID 19 pandemic) and low correlation with either cryptocurrency index (CCi30) or real-world equity index (S&P 500). Surprisingly, MANA and SAND – fungible tokens/ currencies in different Metaverses exhibit significant and increasing correlation between each other. The relative market efficiency of Metaverse currency market is comparable to that observed in the cryptocurrency and equity markets in the real-world.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.