Epic Video games CEO Tim Sweeney says a newly-announced cryptocurrency known as Fortnite Token (opens in new tab) is “a rip-off,” 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 mission “with no specified proprietor or firm construction 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:
Regardless of that huge, vivid “F,” Fortnite Token maintained a comparatively low-profile presence till at the moment, when Epic Video games CEO Tim Sweeney apparently caught wind of a Could 29 invitation to “begin minting your NFT creations on nftoken web site and promote on OpenSea,” and replied bluntly, “That’s a scam (opens in new tab).”
However fairly than pulling the plug and heading for the hills, the crypto-team stood its floor. “Fortnite Token is not a rip-off cryptocurrency mission,” it replied. “As a substitute, it is a fair-launch, community-driven, Fortnite sport fans-created cryptocurrency mission with no specified proprietor or firm construction behind it or a CEO deciding on its future.”
Sweeney, who appears to have a number 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 is not how logos and copyrights work although,” he answered. “You’ll be able to’t use the Fortnite identify and pictures with out permission to market an unrelated product.”
That’s not how logos and copyrights work although. You’ll be able to’t use the Fortnite identify and pictures with out permission to market an unrelated product.June 6, 2022
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 (opens in new tab).”
That wasn’t the tip of it, nevertheless. Sweeney dug again via Fortnite Token’s tweets and replied with some variation of “it is a rip-off” to no fewer than 9 of them, going way back to early February. But whereas Sweeney clearly takes a really dim view of Fortnite Token, his enthusiasm for cryptocurrency generally seems to be undiminished.
“When new expertise emerges, some put it to good use, and others put it to dangerous use,” he tweeted (opens in new tab). “It will be terribly shortsighted to ban a complete subject of expertise for such a motive.”
That matches with Sweeney’s previous place on the topic: He mentioned 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 (opens in new tab) supplied they observe the related legal guidelines, disclose their phrases, and are age-rated by an acceptable group.”
“As a expertise, the blockchain is only a distributed transactional database with a decentralized enterprise mannequin that incentivizes funding in {hardware} to broaden the database’s capability. This has utility whether or not or not a specific 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 (opens in new tab) that concern or enable trade of cryptocurrencies or NFTs” from Steam. Sadly, Epic’s pleasant coverage towards blockchain video games does not look like off to a roaring begin: The Epic Retailer’s first NFT sport, Grit, (opens in new tab) is a cowboy battle royale that is a bit of extra “what in tarnation” than “yeehaw, accomplice!””
Epic Video games declined to touch upon the matter past Sweeney’s statements on Twitter.
