Mr. Beast-Backed 'Creator League' Faces Setback As Gamers Pull Out Amid NFT Controversy
Portfolio Pulse from Mehab Qureshi
eFuse, an esports technology company, has put its 'Creator League' project on hold following controversy over the use of blockchain technology. The league, backed by influencers such as MrBeast, introduced 'Community Passes' associated with the gamers and influencers leading teams in the esports league. However, concerns were raised about the use of the Near blockchain to validate data and log information related to the passes. The company clarified that these passes were not Non-Fungible Tokens (NFTs).
September 06, 2023 | 4:36 am
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NEUTRAL IMPACT
The controversy surrounding eFuse's 'Creator League' and its use of blockchain technology could potentially impact the perception of blockchain and cryptocurrencies, including Bitcoin.
While the news does not directly impact Bitcoin, it does involve the use of blockchain technology, which is the underlying technology of Bitcoin. Any controversy surrounding the use of blockchain could potentially affect the perception and acceptance of cryptocurrencies, including Bitcoin.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50