Meet the players who lost big money on Peter Molyneux’s failed Legacy
Summary
The Ars Technica piece traces how Legacy, a blockchain-backed game from 22cans and Gala Games, raised about $54M in NFT sales and Town Star hype, then collapsed within weeks after launch. It shows how the play-to-earn economy and land-flipping profits contributed to inflated expectations and subsequent losses, with Molyneux and Gala pivoting to Masters of Albion.