It can be used to run virtual businesses in the game that can potentially bring forth real life returns of investment. Fable creator Peter Molyneux's next game isn't even out yet, but it's already making millions of dollars through NFTs, including selling one plot of land for a breathtaking amount of money. Why it matters: A lot of the money in NFT gaming now is based on speculation.

The currency itself is ran on the Ethereum blockchain and is named Legacycoin, and offers NFTs of various things like 3D dioramas of cityscapes. Plots of virtual land for veteran developer Peter Molyneux’s upcoming NFT-based game Legacy have sold for more than 15 million, based on a check of items marked sold out in the online marketplace for the forthcoming game. Much of the game industry is starting to. The game isnt out until 2022, so the new 'Land' owners will have to wait until then to start working on their digital businesses within Legacy. The most expensive and rare plot called the London plot, sold for a staggering 900,000. Legacy stands to function as a VR chat style MMO with a cryptocurrency platform sort of hybrid experience. Overall, the plots of land sold for a total of more than 53 million. Certain events will occur in-game that will sometimes pit players against each other via moral quandaries that urge them to be nicer to each other to turn a bigger profit margin. The game mechanics will function with a “moral choice” type ethos that’s been prevalent in all of his previous games. This increases efficiency and makes your business even more successful. One of the gameplay functions you’ll encounter is that you will have to, in the nature of sims, manage your business while also making sure your townspeople are happy and have what they need.

Players can trade those items with other players in an “open market” and compete in in-game competitions for “leaderboard positions and big prizes”Įverything in your experience, including your factories, your workers, houses, roads, and anything else in your town is all up to you to design and coordinate. Within a week of its launch, players have already invested over $54 million into purchasing over 4,500 plots of land.ĭescribed as “the first ever Blockchain Business Sim,” Legacy lets players design in-game products and buildings that are then manufactured by virtual workers in in-game factories. Legacy uses NFTs and cryptocurrency, and is being co-developed with blockchain gaming company Gala Games alongside 22cans, Molyneux’s studio. Veteran game developer, Peter Molyneux, responsible for games like Populous and the Fable series, has launched an NFT gaming platform, Legacy, a virtual recreation of London where players can purchase digital plots of land.

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