Epic Video games CEO Bashes Crypto Exchanges Over Pretend Fortnite Token

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Epic Video games CEO and Co-Founder Tim Sweeney known as out “cryptocurrency marketplaces” right now for allegedly “enabling” unofficial and unauthorized cryptocurrencies bearing the “Fortnite” identify.

Fortnite is Epic’s massively well-liked Battle Royale shooter sport. First launched in 2017, it now has greater than 350 million registered customers worldwide.

“There isn’t a Fortnite cryptocurrency,” Sweeney wrote. “The Twitter accounts selling such a factor are a rip-off. Epic’s attorneys are on it. Additionally, disgrace on the cryptocurrency marketplaces that allow this type of factor.”

Particularly, Sweeney is referring to the “Fortnite Token” (FNT), which is reportedly buying and selling on decentralized exchanges SushiSwap, PancakeSwap, and CronaSwap.

A fast seek for the alleged rip-off token on these exchanges doesn’t at present return any outcomes, although these decentralized exchanges allow their customers to commerce nearly any token as long as these customers manually enter the token’s contract tackle.

“This account is working a rip-off,” Sweeney wrote, referring to the Twitter account @fortnite_token. “Anyone concerned in that is being scammed,” he added in one other response.

The Twitter account behind the unauthorized Fortnite token tried to argue that it wasn’t a rip-off regardless of the “CEO of Fortnite” stating quite a few instances it was one.

“It is a fair-launch, community-driven, Fortnite sport fans-created cryptocurrency challenge with no specified proprietor or firm construction behind it or a CEO deciding on its future,” the token’s account responded.

Sweeney was not amused.

You may’t use the Fortnite identify and pictures with out permission to market an unrelated product, he replied.

Sweeney made at the very least 10 tweets in response to the “Fortnite token” he calls a “rip-off.” Picture: Twitter.

The alleged scammers are additionally encouraging Fortnite followers to mint NFTs with their tokens, which Sweeney known as—unsurprisingly—a “rip-off.”

Based on Nomics knowledge, it seems that few are buying and selling the FNT token. Since January, FNT is down 96% from its all-time excessive and is price almost zero at $0.0000007673. Prior to now 24 hours, the token has solely seen about $250 in whole quantity traded.

This isn’t the primary time malicious actors have reportedly used Fortnite’s branding with out Epic’s consent. Again in October, studies surfaced that scammers had been promising players that they might alternate their V-Bucks, Fortnite’s non-crypto, digital foreign money, for {dollars} utilizing an unauthorized “Fortnite Coin.”

Whereas Epic Video games doesn’t have any Fortnite-related cryptocurrency, the corporate is leaning into Web3. Gala Video games’ upcoming launch GRIT—which options NFTs—would be the first blockchain sport to be launched on the Epic Video games retailer. NFTs are distinctive tokens which might be used to display possession over digital belongings, reminiscent of in-game gadgets.

Sweeney beforehand shared again in September, nonetheless, that Epic Video games isn’t “touching NFTs as the entire area is at present tousled with an intractable mixture of scams.”

As we speak, he clarified his place.

“When new expertise emerges, some put it to good use, and others put it to unhealthy use. It could be terribly shortsighted to ban a whole area of expertise for such a motive.”

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