Weeks before releasing its first new console in over 20 years, Atari is setting out to dominate the video game industry’s crypto market with the sale of $1 million worth of Atari Tokens later this month, in its hopes that the tokens will become the standard currency throughout the sector.
The videogame industry is posing great opportunities for those who can blend technology, design, and concept well. Atari, the biggest name in the video game industry is all set out to dominate the video game industry’s crypto market with the sale of $1 million worth of Atari tokens later this month. It now is hoping that the token will set the goal for being the standard currency throughout the sector.
Atari believes that blockchain technology is all set to become one of the most important parts of the gaming industry. It has the potential to transform the present economic ecosystem and is all set to revolutionize the world of video games. Atari has confirmed that it is working on a platform that is based on blockchain technology which will have its own cryptocurrency called the Atari Token.
Information about the token
As per the latest information, the tokens will be available from the 29th of October. It will be available on Bitcoin. Exchange which will cost the retail investors stationed outside the borders of US 25 cents each. The tokens can be initially put to use for in-game purchases. It also can be applied for partner games. The Pong developer wished-for use throughout the entire gaming ecosystem. The much-anticipated and highly awaited Atari VCS which is the company’s new console in over 20 years will be launching in a grand manner. The new gaming console is stated to have internet connectivity which will go on to allow the players to purchase products using the Atari tokens. Bloomberg has further reported that the company is also looking to develop a gaming stablecoin and this stablecoin will be less volatile as compared to other tokens. But as of now work is in progress and it is not close to launching.
Atari is a creation of Nolan Bushnell and Ted Dabney back in 1972 and after that, it became a pioneer in arcade games, home video game consoles, and home computers. Some of the most beloved and world-renowned Atari games include Pong®, Asteroids®, Missile Command®, and many others. It is now a globally recognized brand that has existed across different generations of audiences and known for its multi-platform interactive products.
Bucking up its act
Atari has had its share of fame and has been extremely popular in the video game industry. But in not keeping up with competition and not embracing trends it had lost into oblivion even to the extent of facing bankruptcy. Its rivals like Sony’s PlayStation and Microsoft’s Xbox innovated and took a major share in the gaming industry leaving it behind but the new console and the token launch is its way to remain relevant and competent.