WTF?! For those wondering why companies keep embracing NFTs/play-to-earn games despite the public outcry, here'due south a good analogy as to why our opinions don't matter: Peter Molyneux's recently announced blockchain-based sim Legacy has already sold over $50 meg worth of virtual land, with the nearly expensive plot selling for almost $ane million.

Molyneux, who was behind the likes of Fable, Theme Park, and Dungeon Keeper, recently appear that his 22cans studio is developing Legacy, a Sim Metropolis-like business sim described as "a creative entrepreneur'south dream" where players tin buy land, build businesses, and sell/trade with others."

Legacy isn't fix to launch until next year, merely people tin can already buy land NFTs needed to start their ain "blockchain business clan" in the game when information technology arrives. Business owners have access to Legacy Keys, which tin can be lent to others who likewise want to start an in-game business organization, thereby forming a partnership. The borrowers volition then share a portion of the LegacyCoin—new crypto built on the Ethereum blockchain—they earn with their partners.

The land plot NFTs went on sale over the weekend. As with many NFTs, they have been selling for huge sums: over $53 1000000 in total has been made so far, reports RPS. The about expensive of these, called Middle of London, went for $900,000, incredibly.

NFTs are upwardly there with the metaverse equally tech's hot push button issue right now. Ubisoft's announcement video for NFTs coming to Ghost Recon Breakpoint was overwhelmed with dislikes, EA has confirmed plans to cover play-to-earn titles, and Due south.T.A.L.K.E.R. two: Middle of Chernobyl will include NFTs.

Non-fungible tokens aren't without risks. In improver to scams, there's also the danger of human being fault like the one that cost a Bored Ape Yacht Club NFT owner $250,000 when he misplaced a decimal bespeak. And they're not always guaranteed moneymakers. Axios' Stephen Totilo notes that the 19 Ghost Recon NFT gun skins he found on crypto marketplaces had selling prices of $639 to $423,000, simply the highest offer anyone had made was $21.

h/t: IGN