Unique landowners divided into tiers based on the number of parcels they own. The sum of the number of parcels held is always equal to the number of ownable parcels (i.e., 44,480).

Unique landowners divided into tiers based on the number of parcels they own. The sum of the number of parcels held is always equal to the number of ownable parcels (i.e., 44,480).

Source publication
Preprint
Full-text available
In the past few years, "metaverse" and "non-fungible tokens (NFT)" have become buzzwords, and the prices of related assets have shown speculative bubble-like behavior. In this paper, we attempt to better understand the underlying economic dynamics. To do so, we look at Decentraland, a virtual world platform where land parcels are sold as NFT collec...