Legacy’s Play-to-Earn Dream Ends in a Wallet-Wide Bust
Ars Technica details Legacy, Peter Molyneux’s crypto-backed game, which raised about $54M in NFT sales but collapsed within weeks of launch due to a broken economy and an 85% payout rake on in-game Gems, making earnings effectively impossible and leaving most players with massive losses. Some investors profited only through land flips, while the failed project helped fund 22cans’ Masters of Albion, illustrating the hype and risk of play-to-earn and web3 gaming.