Atari Announces Crypto Token!

Atari Announces Crypto Token!

There is no gamer who can deny the influence that Atari has played in their lives. It is because of the classics like Pacman and Pong that video games became mainstream. The luminaries to decentralize Gaming way back in the 70s. When all were used to visiting game parlours with pocket full of tokens, Atari brough gaming home to every living room with its video computer system.

Atari has withstood the change of technology and boasts of a profit in revenues in the last fiscal year with a new line of products. Being ahead of their competitors isn’t new to Atari. They have attached another feather in their cap with the announcement of the ‘Atari Token’. A new age cryptocurrency based casino platform. Previously this term,’Atari Token’ was related to the profit that were earned by a gamer upon completion of a level.

Atari Token: Level Up

So, was this decision a jumping the bandwagon deal or a planned venture on Atari’s behalf? Well, it is a bit of the both. In the previous financial year, Atari had collaborated with European Blockchain firm Infinity Networks to create crypto tokens aka Atari Token. With a share partnership of 17.5% this investment deal couldn’t have comes at a better time as the Blockchain Industry is at an all time high.

In an official press release, Atari Chairman and CEO Frederic Chesnais has quoted,“ Blockchain Technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions.” He further stated that, “Our aim is to take strategic positions with a limited cash risk, in order to best create value with the assets and the Atari brand.”

Read Also: 2018: The Year Blockchain Goes Mainstream

Atari Token : Arise

Atari is also developing its partnership with Pariplay Ltd. It is an online casino-gaming company. Their official site shall offer multiple Atari games. Players of it can gamble with cryptocurrencies, including Atari Token and another second projected cryptocurrency named, the Pong Token. This Token in particular shall be dedicated to crypto casinos.

This decision has shown a very positive reaction in terms of value. The market share of Atari has already risen 62% since the announcement. Talk about the Midas Touch!

While it bears to keep in mind that, not all Blockchain implementation companies shall rule the roost, there is no doubt that if anyone can make it big with new technologies, it is Atari. Its shared platform with Casino games is decentralization at its best.

We hope that Atari shatters moulds and creates  such an ecosystem that when it releases its much awaited ‘Atari Box’, it revolutionized the gaming industry. Fingers crossed for this one folks. It looks like a winner.

Next Read: Blockchain: The Next Level In Gaming Industry

A traveler who has eaten with Bedouins, gotten lost in mist, and walked a kilometer to get net connection. When not writing, Nisha reads tech magazines to shampoo bottle labels

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