Legacy, Peter Molyneux’s latest blockchain game, has sold virtual land for tens of millions of dollars.
A few days ago, we learned that Peter Molyneux, the developer behind the saga Fable, has decided to open its projects to blockchain and NFTs. His latest game to date, Legacy, is above all a ” blockchain business simulator As he describes it himself. In its title, which will be technically available in 2022, you will be able to create virtual products and buildings in order to sell, trade or export them to the highest bidder.
During the announcement, Peter Molyneux said that “ each Legacy mechanism has been tailor-made for the blockchain environment And described the title as ” crypto gaming “. In a blog post, he explains: “ build a prosperous business to expand your empire, invent better products and produce them faster, turning your small town into a colossal and prosperous industrial city, with the aim of winning competitions and making real money through your game … while enjoying Legacy “.
Real money at stake
Therein lies all the finesse of the game. When your in-game business is lucrative, then you earn real money. But then, in order for this to be profitable for the creators of Legacy, you have to sell something first. In this case, Peter Molyneux sells virtual land, which will allow players to set up their flourishing business there. Nowadays, Legacy managed to sell land for $ 53 million.
The most expensive piece of land is called “London” and was sold for $ 900,000. The transaction was obviously made in cryptocurrency. Here, players use LegacyCoin, a currency specially created for the game and which registers as the Ethereum blockchain. The developers specify that these lands are sold in the form of NFT and that they can at any time be resold, or even rented.
” These items can be loaned to others who want to start a business in Legacy, making them your in-game business partners. As part of your association, they will share some of their earned LegacyCoin with you. “
Simulator or real business?
A true entrepreneurial model, which completely transcends the boundaries of a simple video game. Obviously, while this should benefit gamers in the long run, Legacy also benefits its developers a lot, including the controversial Peter Molyneux. Some people therefore wonder about the merits of this technology, and especially the ethics of NFT games, if only in terms of speculation.
It is a debate which animates the greatest minds of this industry. On the one hand we have the supporters of the blockchain, which includes EA Games, Ubisoft and its platform Quartz or Epic Games, and on the other hand we have its detractors, namely Xbox or Valve.