Esports technology firm eFuse has taken an unexpected pause on its "Creator League".
This decision comes in the wake of a dispute concerning the league's utilization of blockchain technology.
Shortly after its launch, several influencers associated with the league expressed concerns about the integration of blockchain tech.
The Creator League had offered "Community Passes" at $20 each, linked to the gamers and influencers leading esports teams.
These passes provided exclusive access to a Discord server, voting privileges in league-related polls, and participation in specific competitions.
eFuse stated that it's employing the Near blockchain to validate and record data related to the community passes.
Nonetheless, the company clarified that these passes are not NFTs (Non-Fungible Tokens).
Shawn Pavel, eFuse's VP of Engineering, explained, "Within the product, the blockchain provides additional transparency to inventory levels."
Despite this, an eFuse representative emphasized, "Not tokens. Not transferable. Not fungible. No cryptocurrency involved."
Soulbound Tokens
Based on the description, these are most likely soulbound tokens.
Coinlive previously reported on how soulbound tokens were used in McDonald's Singapore's digital collectibles to prevent speculative value.
The spokesperson added, "We used the blockchain to power transparency and create a public ledger so the community knew we weren't overselling passes."
In addition to these issues, reports surfaced that eFuse had laid off approximately 30% of its staff, impacting around 30 employees.
While eFuse did not confirm the exact numbers, it acknowledged a "restructuring" within the company.