Unofficial Fortnite Token Goes Dark After Epic Games Lawyers Intervene
An unauthorised Fortnite crypto coin (FNT) has been removed from the web and Twitter after Epic Games CEO Tim Sweeney instructed his lawyers to investigate the unauthorized project.
On Monday, Sweeney discovered the Twitter account @fortnite token. It had been promoting non-fungible token (NFT) giveaways using the Fortnite brand without permission for the previous six months. The Epic Games founder responded to several tweets, labeling the endeavor a hoax and threatening to sue.
Before it was shut down, the Fortnite Token website listed seven distinct Polygon NFTs and even its own V-bucks token — all of which were not legally approved.
“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,” the account responded to Sweeney. The post has been removed.
However, Sweeney was quick to reply with some basic facts: “That’s not how trademarks and copyrights work. You can’t use the Fortnite name and images without permission to market an unrelated product.”
As of this writing, FNT is still being traded on PancakeSwap in exchange for Binance Coin (BNB). The token, however, is far from successful; the price is $0.0000002733, down 65% from yesterday. According to Nomics, FNT reached an all-time high of $0.00002149 in January.
This isn’t the first counterfeit token floating around. At the height of the Squid Game craze, the SQUID token and others were being shilled all over Facebook, disregarding the TV show’s official licensing.
JRR Token, a Lord of the Rings-themed cryptocurrency, was introduced in August 2021 with the promise of being the “one coin to rule them all.” They didn’t get very far in their crypto quest, though, when JRR Tolkien’s family and estate decided to sue.
The Tolkien estate alleged copyright infringement, and the World Intellectual Property Organization agreed, shutting down the site and all its social media accounts.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Unofficial Fortnite Token Goes Dark After Epic Games Lawyers Intervene
An unauthorised Fortnite crypto coin (FNT) has been removed from the web and Twitter after Epic Games CEO Tim Sweeney instructed his lawyers to investigate the unauthorized project.
On Monday, Sweeney discovered the Twitter account @fortnite token. It had been promoting non-fungible token (NFT) giveaways using the Fortnite brand without permission for the previous six months. The Epic Games founder responded to several tweets, labeling the endeavor a hoax and threatening to sue.
Before it was shut down, the Fortnite Token website listed seven distinct Polygon NFTs and even its own V-bucks token — all of which were not legally approved.
“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,” the account responded to Sweeney. The post has been removed.
However, Sweeney was quick to reply with some basic facts: “That’s not how trademarks and copyrights work. You can’t use the Fortnite name and images without permission to market an unrelated product.”
As of this writing, FNT is still being traded on PancakeSwap in exchange for Binance Coin (BNB). The token, however, is far from successful; the price is $0.0000002733, down 65% from yesterday. According to Nomics, FNT reached an all-time high of $0.00002149 in January.
This isn’t the first counterfeit token floating around. At the height of the Squid Game craze, the SQUID token and others were being shilled all over Facebook, disregarding the TV show’s official licensing.
JRR Token, a Lord of the Rings-themed cryptocurrency, was introduced in August 2021 with the promise of being the “one coin to rule them all.” They didn’t get very far in their crypto quest, though, when JRR Tolkien’s family and estate decided to sue.
The Tolkien estate alleged copyright infringement, and the World Intellectual Property Organization agreed, shutting down the site and all its social media accounts.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
CoinCu News
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