Communicating tokenomics and monetary policy: A comparative analysis of real and virtual economies

Abstract This article investigates the economic governance of blockchain‐based virtual economies in the context of monetary policy. Focusing on tokenomics communication, we employ deductive and inductive approaches, applying real‐world monetary policy metrics and text mining frameworks. Our comparative analysis reveals that the tokenomics communication in blockchain‐based virtual economies primarily functions as a fundraising tool, lacking policy discussions, with divergences from real‐world economies in policy goals and numerical targets. Furthermore, our research highlights similarities between blockchain‐based virtual economies and early‐stage low‐income developing countries in communication dynamics.