FaZe Banks hits back at criticism over involvement with crypto Twitter\/X: probablynothingFaZe CEO Banks has offered his response to the criticism around his focus on cryptocurrency as he \u201creboots\u201d the esports organization from the ground up. FaZe Clan is in the middle of a major overhaul after laying off 110 employees earlier this year, including many of its top content creators. After kicking all but fourteen influencers, FaZe founded a new content house with four new members\u2026 but that isn\u2019t the only big change the organization has experienced lately. In March 2024, Banks revealed a new content and media platform called CTV that\u2019s focused on cryptocurrency. This move has seen plenty of skepticism from critics in the space, especially as he\u2019s dropped hints about getting into crypto gaming a la Dr Disrespect\u2019s Deadrop. Although FaZe has quite a history with cryptocurrency, this latest move has sparked some outrage among fans of the organization, who fear the org will become a crypto company \u2014 something he addressed in a CTV episode on May 7. In the video, Banks argued that he and his fellow crypto investors were pioneers in the industry, arguing that the future will be inundated with cryptocurrency, much like it currently is with the internet and social media. \u201cLike, there were internet deniers, you know what I\u2019m saying? In 2024, you no longer can deny the internet. Everyone\u2019s participating in this tech whether they know it or not, whether they want to or not. Unless you\u2019re f*ckin\u2019 Amish, right?\u201d he said. \u201cIt\u2019s gonna have to get to that point I think for there to be no comments that look like that. And obviously that\u2019s probably far, far into the future, but we\u2019re laying the foundation now.\u201d He went on to explain why he\u2019s no longer interested in creating vlogs on YouTube, saying that he \u201chas\u201d to focus on crypto as it\u2019s his passion. \u201cIt doesn\u2019t serve me, it doesn\u2019t serve my soul,\u201d he said of YouTube. \u201cI have no fun doing it. Right now, all this shit you see me doing with FaZe is real work. It\u2019s because I love this f*cking brand and I have to do this. \u2026it\u2019s very reminiscent of early gaming.\u201d His colleagues agreed with him, saying that although much of crypto is a so-called \u2018scam,\u2019 FaZe Clan will uphold the 1% and bring skeptics \u201cinto the light.\u201d It doesn\u2019t look like Banks\u2019 retort is sitting well with critics, a few of whom accused the FaZe CEO of failing to actually address anything.<\/p>\n","protected":false},"excerpt":{"rendered":"
FaZe Banks hits back at criticism over involvement with crypto Twitter\/X: probablynothingFaZe CEO Banks has offered his response to the criticism around his focus on cryptocurrency as he \u201creboots\u201d the esports organization from the ground up. FaZe Clan is in the middle of a major overhaul after laying off 110 employees earlier this year, including […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48482","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=48482"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48482\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=48482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=48482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=48482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}