Atari Bets On Crypto Forward Of First New Console In Over 20 Years


Topline

Weeks earlier than releasing its first new console in over 20 years, Atari is getting down to dominate the videogame business’s crypto market with the sale of $1 million price of Atari Tokens later this month, in it hopes that the tokens will develop into the usual foreign money all through the sector.

Key Info

The tokens will probably be out there from October 29 on Bitcoin.com Change, costing retail buyers exterior of the U.S. 25 cents every.

Tokens can initially be used for in-game purchases and for companion video games, with the Pong developer aspiring to be used all through your entire gaming ecosystem.

The long-anticipated Atari VCS, the corporate’s first new console in over 20 years slated to launch in November, can have web connectivity permitting gamers to purchase merchandise utilizing Atari Tokens.

Bloomberg experiences that the corporate can also be growing a gaming stablecoin, which might be much less unstable than most tokens, however added that it’s not near launching.      

Key Background

Whereas Atari was an extremely common pioneer within the videogame business, it has seen a spectacular fall from grace in recent times — even dealing with chapter — and been left within the mud by its rivals that now dominate the business: Sony’s PlayStation and Microsoft’s Xbox. The brand new console and crypto token launch are a part of the corporate’s efforts to stay related and restore a few of its former glory. 

Additional Studying

Atari Seeks New Cachet With Crypto — And a Return to {Hardware} (Bloomberg)

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