News from Fight of the Ages
There is some major news regarding the game, including a new team advisor, a lawsuit against ANYPAD, and new daily quests.
FOTA is a MOBA fantasy game in which players fight to rule over empires. They use their NFT heroes to fight, and can upgrade them, use them to complete in-game quests, and get FOTA tokens and experience points as a reward.
Legal action against ANYPAD
FOTA plans to take legal action against ANYPAD for defamation. FOTA reworked their tokemonics, and this was not popular with ANYPAD (the community that invested in the company). ANYPAD asked for the return of USD 75,000 collected during the launchpad. It released a statement on its official Telegram accusing FOTA of being non-communicative regarding fundamental changes in the tokenomics. The FOTA team was also accused failing to react, and of not taking any responsibility.
FOTA initially took 20 days to accept the refund request. After these 20 days, the ANYPAD team was asked to wait another 30 days. According to ANYPAD, the FOTA team did not respond when repeatedly recently asked for an update, and according to ANYPAD this is “an unprofessional approach for an AAA game”. ANYPAD’s statement continued: “When we mentioned taking the necessary action against them, they resorted to accusing us and claiming that we had signed a SAFT (Simple Agreement for Future Tokens), although there was no mention of a refund in the SAFT. Yes, after 70 days when we agreed to make the refund, they resorted to accusations.” ANYPAD also claimed that the FOTA team kept them waiting with the promised refunds, and did not allow their investors to claim the tokens, thus leaving the investors in an even worse situation.
FOTA denied the allegations, and said it would take legal action against ANYPAD. The CEO’s statement said, among other things, that the company reserves the right to reject any potential refund requests without any liability. The statement also added that the company has the right to make any changes in the tokemonics, and the decision was made due to the current market conditions.
Although there was heated argument and recriminations between the two parties, recent announcements and retweets from ANYPAD social media channels show that the two parties have come to an agreement and left the misunderstandings behind. FOTA agreed to refund the money, and ANYPAD retweets FOTA news and updates. You can read the full statement here.
New advisor
FOTA recently welcomed a new strategic advisor, James Ross Croyle, to the team. This experienced leader has more than 20 years of experience in advising start-ups. He is also involved in managing alliances and scaling multinational business and channel strategies to achieve explosive growth. As a proponent of the Play-2-Earn gaming trend spreading around the world, James is a key member of the advisor team. He is also regional partner development manager at Microsoft and an advisor to many other renowned companies. James is a vital benefit to FOTA’s development journey.
Daily missions
In its first major update, the company introduced a new “Daily Quest” that offers players new ways to earn tokens. The current Daily Quest requires players to have won three PvE matches for a reward of USDF 3. After completing this mission, it becomes available again after 24 hours.
Sources: medium.com
analyst opinion
Šárka Mokrá
There is some major news regarding the game, including a new team advisor, a lawsuit against ANYPAD, and new daily quests.
FOTA is a MOBA fantasy game in which players fight to rule over empires. They use their NFT heroes to fight, and can upgrade them, use them to complete in-game quests, and get FOTA tokens and experience points as a reward.
Legal action against ANYPAD
FOTA plans to take legal action against ANYPAD for defamation. FOTA reworked their tokemonics, and this was not popular with ANYPAD (the community that invested in the company). ANYPAD asked for the return of USD 75,000 collected during the launchpad. It released a statement on its official Telegram accusing FOTA of being non-communicative regarding fundamental changes in the tokenomics. The FOTA team was also accused failing to react, and of not taking any responsibility.
FOTA initially took 20 days to accept the refund request. After these 20 days, the ANYPAD team was asked to wait another 30 days. According to ANYPAD, the FOTA team did not respond when repeatedly recently asked for an update, and according to ANYPAD this is “an unprofessional approach for an AAA game”. ANYPAD’s statement continued: “When we mentioned taking the necessary action against them, they resorted to accusing us and claiming that we had signed a SAFT (Simple Agreement for Future Tokens), although there was no mention of a refund in the SAFT. Yes, after 70 days when we agreed to make the refund, they resorted to accusations.” ANYPAD also claimed that the FOTA team kept them waiting with the promised refunds, and did not allow their investors to claim the tokens, thus leaving the investors in an even worse situation.
FOTA denied the allegations, and said it would take legal action against ANYPAD. The CEO’s statement said, among other things, that the company reserves the right to reject any potential refund requests without any liability. The statement also added that the company has the right to make any changes in the tokemonics, and the decision was made due to the current market conditions.
Although there was heated argument and recriminations between the two parties, recent announcements and retweets from ANYPAD social media channels show that the two parties have come to an agreement and left the misunderstandings behind. FOTA agreed to refund the money, and ANYPAD retweets FOTA news and updates. You can read the full statement here.
New advisor
FOTA recently welcomed a new strategic advisor, James Ross Croyle, to the team. This experienced leader has more than 20 years of experience in advising start-ups. He is also involved in managing alliances and scaling multinational business and channel strategies to achieve explosive growth. As a proponent of the Play-2-Earn gaming trend spreading around the world, James is a key member of the advisor team. He is also regional partner development manager at Microsoft and an advisor to many other renowned companies. James is a vital benefit to FOTA’s development journey.
Daily missions
In its first major update, the company introduced a new “Daily Quest” that offers players new ways to earn tokens. The current Daily Quest requires players to have won three PvE matches for a reward of USDF 3. After completing this mission, it becomes available again after 24 hours.
Sources: medium.com