Peter Molyneux is a unique figure in the world of video games, famously known for his enthusiatic – sometimes overtly so – way of generating excitement and buzz for projects that he's worked on. As the founder of Lionhead Studios, Molyneux's creative mind had brought the gaming world titles such as Black & White, as well as the Fable series. Despite often not delivering or fully realizing the initial concepts of the games helmed by Peter Molyneux, one could argue that his bold and ambitious vision has been a net positive for the video game industry as a whole.

However, Peter Molyneux's latest project – a video game titled Legacy – is unconventional to say the least. Described as an innovative game that utilizes blockchain technology, Legacy requires players to buy a "Land NFT" – which permits them to construct buildings and create digital products to sell within the game's marketplace to other players, essentially letting a person become a digital entrepreneur of sorts. The game's currency of choice is LegacyCoin, part of the Ethereum blockchain, thus allowing players the opportunity to potentially earn real money through gameplay.

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While the game has yet to be launched, with a tentative release date of 2022, the opportunity to buy Land NFTs was made available this weekend, and some of the plots sold for ludicrous amounts of real money. Namely, a digital plot of land in "London" sold for $900,000 – with the total value of Land NFTs exceeding that of over $40,000,000.

legacy game peter molyneux

Given that players do not have access to the game, and the potential of earning back the invested money hinges on Legacy releasing in 2022 as a popular title, one might describe the decision to buy virtual land for a virtual business for an unreleased game a speculatory gamble, banking on the initial hype more than the actual interest.

Unfortunately, the legacy of Peter Molyneux's new game development studio, 22cans, does not inspire a great deal of confidence. Its first title, a god-simulation named Godus, is still listed as an Early Access game on Steam, having not received any update in over five years and being abandoned in all but name.

Given that the gaming community at large is split on the concept of NFTs as a model of commerce in video games, with Steam banning games that use NFTs entirely, the interest in Legacy may be much lower than the cost of its land might indicate.

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