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There is no Fortnite cryptocurrency, confirms Epic CEO Tim Sweeney

The truth should be told!

The crypto boom has not only opened the door for new possibilities but has also given way to a lot of scams. Scammers have been using the names of various popular organizations to scam people into buying token and cryptocurrency that is not legal and trustable. One such incident happened with Epic Game’s globally famous battle royale game Fortnite, where unknown scammers claimed to be selling Fornite cryptocurrency Tokens

Tim Sweeney clears all rumors around Fortnite cryptocurrency

Fortnite token first appeared at the end of 2021, trying to tag itself along with Epic’s famous battle royale game Fortnite which has 350 million registered users worldwide. Even though the Fortnite token account was very active, it was not under fire until today when Epic Games CEO Tim Sweeney apparently stumble upon a post of a May 29 invitation to “start minting your NFT creations on token site and sell on OpenSea,” and directly replied, “That’s a scam

The crypto team in response replied by saying “Fortnite token isn’t a scam cryptocurrency project. 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,” 

Enraged by this, Epic CEO took to schooling the crypto team about how trademarks and copyrights work, and also told them that they cannot use Fortnite name and images without permission. Shortly after that, he said that Epic’s legal team is looking into the issue and reasserted that the Fortnite token is a scam.

Tim Sweeny called out crypto exchanges for allowing fake Fortnite cryptocurrency Tokens

Tim Sweeney made a tweet on his page saying that there is no Fortnite cryptocurrency and that the Fortnite token is a scam, he also bashed Cryptocurrency exchanges for allowing such unauthorized cryptocurrencies bearing the name of Fortnite on their platforms.

Tim Sweeney tweet Fortnite cryptocurrency tokens
Image via Twitter

Sweeney was referring to the Fortnite token which has been trading on decentralized exchanges like PancakeSwap, CronaSwap, and SushiSwap. And according to reports from Nomic Data Fortnite token has been in decline by 96% from its all-time high and is worth nearly zero at $0.0000007673.

In the past 24 hours, the token has only seen about $250 in total volume traded. However, this isn’t the first time scammers have tried to use Fortnite to fool people but is it highly appreciable that the CEO himself cleared the rumors around the new Fortnite token.

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