A New NFT-Based Video Game Pulled in Over $55 Million in NFT Sales

• An upcoming game from an acclaimed game maker just made over $55 million in sales of NFTs.
• The NFTs are tied to virtual land in a game that’s described as a “blockchain business sim.”
• The least expensive houses in the game costs nearly $3,300, and one land plot sold for nearly $1 million.

Despite having no players, and not being available to play, a new video game has already pulled in over $55 million in sales.

Rather than excited customers putting down money to pre-order the upcoming game, that money is actually coming from sales of virtual land within the game’s virtual world.

Homes start at just shy $3,300, and one plot of land went for $972,102. In total, sales of virtual land have thus far pulled in over $55 million.

That is, of course, based on today’s value of the cryptocurrency Ethereum, which is how the virtual land was purchased. Moreover, each piece of virtual land was tied to its own NFT — a kind of digital receipt that allows its owner to resell the item later on.

That’s because the new game, “Legacy,” is foundationally built on so-called “Web3” concepts like Blockchain technology, NFTs, and cryptocurrency. It’s a new spin on an old video game genre known as the “god game,” and it’s being creatively led by the game developer most directly associated with popularizing that genre, Peter Molyneux (of “Populous” and “Black and White” fame).

Since announcing the in-game “land sale” last Saturday, “Legacy” developers 22cans and Gala Games have nearly sold out of virtual homes in virtual London.