New multiplayer game relies fully on NFTs, already taking 48 million euros before release

The upcoming economic simulation Legacy relies fully on the use of NFTs and crypto currencies. You should even be able to earn money while playing. The idea has already attracted a number of players – enough to bring in over 48 million euros before the release.

What kind of game is this? In Legacy, you build your own factory with the associated infrastructure and design your own products. With these you are in competition with other players. By playing you can hire NPC workers and automate your production.

That sounds roughly like the popular building game Factorio with a strong focus on multiplayer. It is created by the game guru Peter Molyneux, who was already responsible for Black & White and Fable.

You should be able to earn real money with your products in the form of crypto currencies, the LegacyCoin. This runs on the blockchain of Ethereum, an already established currency. However, you have to buy a piece of land beforehand through so-called NFTs.

Where does all the money come from? Land ownership in Legacy will have its own Shop by publisher Gala Games settled. There are various “title deeds” to buy in different sizes.

Payments are made with cryptocurrency – such as your own coin GALA, BAT or Ethereum. The current availability as of December 16 is as follows *:

• Startup for 0.802 ETH or 2,902.19 euros (2,000 / 2,000 sold)
• Enterprise for 1,685 ETH or 6,097.50 euros (1,403 / 1,500 sold)
• Firm for 4,584 ETH or 16,588.11 euros (824/850 sold)
• Corporation for 15.28 ETH or 55,293.69 euros (234/250 sold)
• Conglomerates for 30.56 ETH or 11.0587.37 euros (60/60 sold)
• Heart of London for 220.607 ETH or 798.309.84 euros (1/1 sold)

Yes, the most expensive item costs almost 800,000 euros and has already been sold. Overall, Legacy with all sales combined comes to 13,374,998 ETH or the equivalent of 48,400,062.34 euros. And that before the game even appears, because the release is not due until 2022.

* The exact prices fluctuate with the rate of Ethereum. We checked them out at 7:12 p.m. on December 16 at the time of writing

Land belongs to the players, not the game

What are NFTs? The idea behind NFTs, or “Non Fungible Tokens”, is that you are actually in possession of the items you are purchasing. Each NFT is unique through a code and thus only exists once in the world.

By buying you have the right of ownership, unlike in most games. If you get an item there, it still belongs to the publisher. You only “borrow” it. We explain to you in our special how NFTs work exactly:

Some larger companies have already jumped on the bandwagon. For example, there are NFTs in Ubisoft’s Ghost Recon, which caused controversy.

The name Molyneux also makes many gamers skeptical. He is considered to be the genius who invented the “God Game” genre, but in the end he is unreliable. He often promises more than he can really keep (via Kotaku.com).

Games like Artifact tried something similar but failed in trying. Back then, players should be able to own and trade their playing cards, but the game went bankrupt after a few months and was crushed. The new edition, Artifact 2, was never really crowned with success either.

The value itself is largely based on speculation. Those who invest often hope that there will be an increase in value and that the business will be profitable. Critics see the risk of a bubble bursting – and even damage to the environment due to the energy consumption. There are even the first cases of fraud with immense sums of money behind it:

People invest fortunes in virtual NFT monkeys – developers cheat on them by € 2.3 million