The road less travelled: GameFi as a hedge or a safe haven for international indices

Abstract

This paper provides the first evidence of GameFi's hedge or safe haven property by including 30 forms of GameFi and 40 international indices. The empirical results mainly show that: (1) at the GameFi-level, GameFi is not a hedge or safe haven for most indices; (2) at the market-level, both the value-weighted and equal-weighted GameFi composite indices demonstrate the potential to serve as safe havens for most international indices.