Peter Molyneux’s new NFT game sells a lot for nearly $ 900,000

Fable creator Peter Molyneux’s next game isn’t even out yet, but it’s already making millions of dollars through NFTs, including selling a piece of land for a staggering amount of money.

Over the weekend, Molyneux announced that its new game is called Legacy and will be described as “an innovative new game that pushes the boundaries of blockchain gaming”. To get into the game, players need to buy a “Land NFT” which they can use to open a “Blockchain Business Association” in the game.

This allows players to create digital buildings and products to sell to other players. Basically, you can become a virtual business owner hoping to make real money.

The money in the game is a cryptocurrency called LegacyCoin, which is part of the Ethereum blockchain. You can read more about Legacy’s planned ecosystem and how players can earn LegacyCoin.

While the game won’t be out until next year, the Land NFTs went on sale this weekend. And, Rock Paper Shotgun reports that some of the lots were sold at incredibly high prices.

In total, the lots were sold for a total of more than $ 53 million. The most expensive and rarest piece of land, called the London Lot, sold for a staggering $ 900,000. The game won’t be available until 2022, so new “land” owners will have to wait until then to start working on their digital stores within Legacy.

Ubisoft Quartz – This is how the blockchain-powered NFT system works

Much of the gaming industry is starting to experiment with NFTs and blockchain. Ubisoft tried it by announcing its new Quartz system, and STALKER 2 just announced a blockchain project today. Steam, on the other hand, has completely banned blockchain games and NFTs from its platform.

Public opinion is divided on NFTs as a model for commerce and gaming. Ubisoft’s Quartz reveal was quickly rejected, with critics saying that NFTs are nothing new and consume valuable resources at the same time. The market is also rife with speculation, which at best shakes the concept’s monetary potential.

Stephen Totilo of Axios noted that Ubisoft’s Ghost Recon NFTs are listed for hundreds of thousands of dollars, but the deals are a paltry $ 21, meaning sellers want more of the hype than the real interest.

Logan Plant is a freelance writer for IGN. You can find him on Twitter @LoganJPlant.

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