tim-sweeney-says-fortnite-token-cryptocurrency-is-‘a-scam’

Epic Games CEO Tim Sweeney says a newly-announced cryptocurrency known as Fortnite Token is “a scam,” and warned that the corporate is getting ready authorized motion to close it down. The creators of Fortnite Token have pushed again, nevertheless, describing it as a fan-created venture “with no specified owner or company structure behind it.”

Fortnite Token first appeared on the finish of 2021, and there was no mistaking its try to tie itself to Epic’s mega-hit battle royale:

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Despite that large, brilliant “F,” Fortnite Token maintained a comparatively low-profile presence till right this moment, when Epic Games CEO Tim Sweeney apparently caught wind of a May 29 invitation to “start minting your NFT creations on nftoken site and sell on OpenSea,” and replied bluntly, “That’s a scam.”

But quite than pulling the plug and heading for the hills, the crypto-team stood its floor. “Fortnite Token isn’t a scam cryptocurrency project,” it replied. “Instead, this is a fair-launch, community-driven, Fortnite game fans-created cryptocurrency project with no specified owner or company structure behind it or a CEO deciding on its future.”

Sweeney, who appears to have a variety of free time on his arms for a man who’s the CEO and principal shareholder of a multi-billion-dollar firm with, one would assume, a reasonably beefy authorized division, picked up the gauntlet. “That’s not how trademarks and copyrights work though,” he answered. “You can’t use the Fortnite name and images without permission to market an unrelated product.”

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He did, shortly thereafter, invoke the spectre of the Epic authorized division, repeating the assertion that Fortnite Token is a rip-off and including that “Epic’s lawyers are on it.”

That wasn’t the top of it, nevertheless. Sweeney dug again by Fortnite Token’s tweets and replied with some variation of “this is a scam” to no fewer than 9 of them, going way back to early February. Yet whereas Sweeney clearly takes a really dim view of Fortnite Token, his enthusiasm for cryptocurrency normally seems to be undiminished. 

“When new technology emerges, some put it to good use, and others put it to bad use,” he tweeted. “It would be terribly shortsighted to ban an entire field of technology for such a reason.”

That suits with Sweeney’s previous place on the topic: He stated in October 2021 that whereas Epic will not be incorporating cryptocurrency in its personal video games, it “will welcome games that make use of blockchain tech provided they follow the relevant laws, disclose their terms, and are age-rated by an appropriate group.”

“As a technology, the blockchain is just a distributed transactional database with a decentralized business model that incentivizes investment in hardware to expand the database’s capacity. This has utility whether or not a particular use of it succeeds or fails.”

Epic’s place stands in stark distinction to that of Valve, which in December 2021 banned “applications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs” from Steam. Unfortunately, Epic’s pleasant coverage towards blockchain video games would not seem like off to a roaring begin: The Epic Store’s first NFT game, Grit, is a cowboy battle royale that is slightly extra “what in tarnation” than “yeehaw, partner!””

Epic Games declined to touch upon the matter past Sweeney’s statements on Twitter.

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