Fortnite Token’s (FNT) Creators Refute Claims by Epic Games that the Crypto Is a Scam

Reacting to the launch of a Fortnite token, Epic Games CEO Tim Sweeney has stated categorically that there is nothing like a Fortnite cryptocurrency, threatening to take legal action.

Reacting to the launch of a Fortnite token, Epic Games CEO Tim Sweeney stated categorically that the asset is not an official cryptocurrency related to the publisher’s hit battle royale game ‘Fortnite’, and threatened to take legal action. 

Fortnite Token (FNT) Is a Scam 

Tim Sweeney announced that the Epic Games team is not behind the Fortnite token (FNT). Although the Fortnite Token seems to be using the Fortnite logo, it is not affiliated with Epic Games, the creators of the game, in any form. 

The Fortnite Token (FNT) was launched in October 2021, claiming to be the official token for Fortnite, the world’s most popular game, and has an average userbase of 3 million users. 

In a statement made on twitter, Sweeney firmly asserted: “You can’t use the Fortnite name and images without permission to market an unrelated product”.

Fortnite Tokens have been removed from Telegram following a complaint made by Epic Games. Sweeney has since stated that the Epic Games legal team is working on a lawsuit against the creators of the token.

FNT Creators Clap Back

The team behind the Fortnite Token has reacted to Sweeney’s comments, claiming that FNT isn’t a scam cryptocurrency project.

Reacting via the official Fortnite Token Twitter handle, the team underlines that FNT is a “fair-launch, community-driven, Fortnite game fans-created cryptocurrency project with no specified owner or company structure behind it.”

On the Flipside

  • Epic Games announced the addition of Gala Games’ Grit–a Wild West battle royal, to its game store.

Why You Should Care

There have been serious concerns rising about scam projects, especially since The Squid Game (SQUID) token rug pull, which liquidated thousands of investors.

The creators of Fortnite have ventured into the metaverse. Find out more:

Epic Games Raises $2 Billion to Build “The Metaverse” Backed by Sony and LEGO

Read our earlier article on the potential of Fortnite below:

What If Fortnite Were on Blockchain and Had Crypto?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia