Epic Games ceo call Crypto coin a scam

Tim Sweeny, The co-founder, and Epic games CEO calls that the Newly-released Cryptocurrency is a scam and alerted them that the company is preparing to take a lawsuit to close it down.

Developers claim crypto is a fair launch, driven by the community, Fans built this by itself without any Fortnite owner or CEO Tim Sweeney opposed it he was unimpressed and tweeted that there is no such currency in the game,

and accounts who are promoting such currency are a fraud and also added that advocates are working on it. Fortnite’s coins were eliminated from the telegram accounts after the complaint.

In October 2021, Tim tweeted that ‘the Epic’s store would allow blockchains on the platform, as long as they were obedient with the law. It proves that he’s not against this technology by itself, but rather the degree to of its community is loaded with chiselers.

Epic’s producer and CEO “Tim Sweeney” announced that Epic Games Store will welcome games that make use of blockchain tech provided they follow the appropriate laws, reveal their terms, and are age-rated by a relevant group.”

Earlier this week, ‘EpicGames collaborated with blockchain Platform GALA. Gala is scheduled to take Web3 to the extent by releasing its games on Epic’s stores which will accommodate more than 194 million users.

If you don’t know about Web3, Web3 is a concept for a new repetition of the World Wide Web based on blockchain technology, which integrates concepts like decentralization and token-based economics.

It has become a broad term for the illusion of a new, better internet. At its core, web3 uses NFTs, blockchains, and cryptocurrencies to give power back to the users in the form of ownership.

NFTs are basically “Non-fungible tokens”. It’s a financial assurance consisting of digital data reserved in a blockchain, a kind of allotted ledger. The ownership of NFT is listed in the blockchain and can be transferred by the holder, enabling NFTs to be vended and traded.

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