The head of Epic Games, Tim Sweeney, calls a newly announced cryptocurrency “Fortnite Token” a scam and warns nine times on Twitter about the coin. He announces that his company will take legal action to remove the currency from the market. He sees the project as a copyright violation. However, the developers of the cryptocurrency say it’s a “fan project”.
What kind of currency is this?
- The Fortnite Token appeared at the end of 2021 and clearly tried to latch onto the popularity of the online shooter Fortnite.
- It promoted itself with the large “F” that stands for Fortnite.
- Despite trying to associate with such a big brand, “Fortnite Token” has barely gained attention so far.
Sweeney: There is no cryptocurrency for Fortnite – It’s all a scam
This is how Epic Games reacted now: The head of Epic Games posted on Twitter on Monday evening under several posts about Fortnite Token: “That’s a scam”. The people behind the project are fraudsters – anyone participating in the project should know they are being scammed.
Sweeney quickly posted his warning under various posts from the Twitter account “Fortnite Token”. In total, he warned about “scams” nine times.
Sweeney says (via twitter):
There is no Fortnite cryptocurrency. Any Twitter account promoting this is fraudulent. Epic’s lawyers are already on it. It is also a shame for crypto exchanges to even allow such things.
Tim Sweeney
Epic CEO says: The lawyers are already on it, suspects copyright violation
This is how the operators of the token respond: They say: This is not a scam, this is a “fair launch”, a community-driven project.
The currency was created by Fortnite fans, there are no specific owners, nor are there any bosses behind the currency.
This is how Sweeney sees it: He says soberly: “That’s just not how copyrights work”.
Sweeney is considered a tech visionary and often attacks monopolies, thus he is involved in a war with Steam, Apple, and Google.
Sweeney does not completely reject such tokens; it just seems to bother him that someone uses his “Fortnite” brand to operate such things:
When new technologies emerge, some use them for good purposes, and others use them for bad purposes. However, it would be terribly shortsighted to ban an entire technology field for this reason.
Tim Sweeney
There has been trouble with cryptocurrencies in Fortnite before:
Fortnite stars are said to have sold fans bad cryptocurrency – “We lost $50,000”
