It’s been a disappointing week for Fortnite fans hoping to see a dedicated NFT launch soon. Epic CEO Tim Sweeney denied the possibility, mainly due to a large number of scams on the market.
Why is Tim Sweeney against Fortnite NFTs?
Lately, we’ve seen an impressive amount of Twitter pitches for a potential Fortnite NFT collection. In a way, joining the NFT market seemed logical, since the game has already made billions selling digital items.
At last, Epic founder Tim Sweeney addressed the wave of NFT pitches in a concise Twitter reply:
Of course, the NFT community quickly reacted to the message, with many collectors trying to explain the concept – all in vain.
In fact, the Epic CEO went on to claim that he doesn’t see any utility in owning a non-fungible-token, likening it to a simple social media like button:
“It’s not that digital items must inherently lack utility: I own movies on Amazon Video and outfits in Fortnite, both of which convey ongoing experiential value just like theatrical movies and clothes. But NFT ownership of a .gif and Twitter likes of a .gif seem…fungible,” he says.
The NFT community’s reaction
Sweeney’s affirmations brought an unprecedented series of Twitter replies regarding the non-fungible-token market. Many NFT-powered games and platforms have also joined the discussion, including the popular blockchain game Gods Unchained:
Indeed, more and more players are actively using NFTs to engage in blockchain games. What’s more, collectors seem to love the play-to-earn system, as well as the freedom of trading digital assets.
Are NFT scams a real danger?
Accordingly, Tim Sweeney refuses to launch a Fortnite NFT collection due to scams. Admittedly, there’s plenty of fake digital art, as well as other types of scams surrounding NFTs. Surprisingly, giant companies like OpenSea have even reported insider trading schemes!
However, scams are everywhere – so is that reason good enough to reject the idea of a Fortnite NFT collection?
So far, Tim Sweeney seems to be one of the few big names worried about NFT scams. From Hollywood movies to mainstream celebs and popular games, everybody is happily joining the non-fungible token market.
Snoop Dogg (or Cozomo di’ Medici) has an outstanding $17 million NFT collection. Tom Brady launched his own marketplace called Autograph, which is now worth millions, and many stars like Doja Cat or Eminem launched their own collectibles. So far, all of these initiatives have been successful and scam-free.
In summary, many NFT enthusiasts believe there’s a hidden reason why Sweeney is against a potential Fortnite NFT collection. Some think he might be too focused on Epic’s legal war against Apple, while others claim that the game generates enough money as it is.
Either way, players have plenty of other game-related NFT collectibles to have fun with: t and s are just a few!
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
