Support and Scandals in GameFi dApps: A Network Analysis of The Sandbox Transactions
<|reference_start|>Support and Scandals in GameFi dApps: A Network Analysis of The Sandbox Transactions: We explore the burgeoning field of GameFi through a detailed network analysis of The Sandbox, a prominent decentralized application (dApp) in this domain. Utilizing the bow-tie model, we map out transaction data within The Sandbox, providing a novel perspective on its operational dynamics. Our study investigates the varying impacts of external support, uncovering a surprising absence of enduring effects on network activity. We also investigate the network's response to several notable incidents, including the Ronin Hack and the United States Securities and Exchange Commission's hearing on cryptocurrencies, revealing a generally resilient structure with limited long-term disturbances. A critical aspect of our analysis focuses on the "whales," or major stakeholders in The Sandbox, where we uncover their pivotal role in influencing network trends, noting a significant shift in their engagement over time. This research sheds light on the intricate workings of GameFi ecosystems and contributes to the broader discourse on the intersection of the Web, AI, and society, particularly in understanding the resilience and dynamics of emerging digital economies. We particularly note the parallels of the long-tail behavior we see in web-based ecosystems appearing in this niche domain of GameFi. Our findings hold significant implications for the future development of equitable and sustainable GameFi dApps, offering insights into stakeholder behavior and network resilience in the face of external challenges and opportunities.<|reference_end|>
@article{spadea2024support,
    title={Support and Scandals in GameFi dApps: A Network Analysis of The Sandbox
  Transactions},
    author={Fernando Spadea and Oshani Seneviratne},
    journal={arXiv preprint arXiv:2407.07138},
    year={2024},
    archivePrefix={arXiv},
    eprint={2407.07138},
    primaryClass={cs.SI physics.soc-ph}
}