Mr. Beast-Backed 'Creator League' Faces Setback As Gamers Pull Out Amid NFT Controversy

Last week, esports technology company eFuse launched the highly-anticipated “Creator League,” featuring prominent influencers such as Bella Poarch, and YouTuber Jimmy Donaldson, popularly known as MrBeast. However, following controversy surrounding the use of blockchain technology, eFuse has decided to put the project on hold.

What Happened: eFuse CEO Matthew Benson addressed the situation in a statement, explaining, “The Creator League was an experiment in creator-led, fan-controlled esports. We remain excited about the Creator League and will take some time to reflect on community feedback and refine its structure. As with all ambitious projects, the path toward innovation is winding. We’re prepared to keep learning and pushing gaming forward."

The Creator League introduced “Community Passes” to fans, priced at $20 each, reported Decrypt, which was associated with the gamers and influencers leading teams in the esports league. These passes granted holders access to an exclusive Discord server, the ability to vote in league-related polls, and participation in select competitions.

Will Musk Embrace DOGE On X? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!

See More: A Stay At The Floating Palace From James Bond's ‘Octopussy

Why It Matters: Shortly after the league’s launch, some influencers connected to the project expressed concerns about utilizing blockchain technology. eFuse had stated that they were using the Near blockchain to validate data and log information pertaining to the community passes. However, the company clarified in a statement that these passes were not Non-Fungible Tokens (NFTs).

The controversy surrounding the Creator League escalated when YouTuber Connor “CDawgVA” Colquhoun, one of the eight creators enlisted for the league, announced his intention to withdraw from the project.

Taking to X, formerly Twitter, Colquhoun explained, “I accepted to join the Creator League not fully understanding the tech behind it. Needless to say, with the current information available, I’m planning on withdrawing.”

Price Action: At the time of writing, Bitcoin CRYPTO: BTC) was trading at $25,765.83, up 0.32% in the last 24 hours, according to Benzinga Pro.

Photo by Leon Lush via Wikimedia Commons

Market News and Data brought to you by Benzinga APIs