With the aim of revitalizing the entertainment software company Atari SA, CEO Frédéric Chesnais has announced his intention to create an Ethereum blockchain casino in partnership with Decentral Games. The company will offer nostalgia-tinged games and non-fungible Atari tokens (NFTs), which can be mined to earn more digital currency. According to their joint statement, the companies estimate that wagers will exceed $ 150 million in 2021 and $ 400 million over two years.
Atari Software is best known for pioneering arcade games, video game consoles, and personal computers from 1975 to the early 1980s. Founded by Nolan Bushnell and Ted Dabney, the games company behind the iconic Pacman is recognized for having defined the prototype of Silicon Valley startups like Apple. Today, Atari has developed a multimedia approach, transcending audiences and generations, but has struggled to come back. As such, its foray into Crypto comes as no surprise to many, with the company recognizing the expected impact of blockchain technology on the digital entertainment industry.
Blockchain casinos have generated both a degree of skepticism and interest, with crypto fans seeing them as the future of gambling, transacting hundreds of millions of dollars on networks like Justin Sun’s Tron. While others think they are not contributing in any legitimate way to the digital asset space and reinforcing its speculative nature. Although they operate like regular online casinos or betting companies, they have the added benefit of blockchain privacy. However, they are also susceptible to the same issues as other cryptocurrencies, such as high risk and lack of regulation. NFTs have also been gaining traction lately with companies like Twitter announcing CEO Jack Dorsey has sold his very first tweet as NFT.
According to several sources, Atari Casino will operate in “Vegas City”, a virtual world based in Decentraland, in which players will use an avatar to interact. It will feature Atari-themed games, some based on luck, while others combine skill and luck. Players can earn the native Decentral Games ($ DG) token by playing with MANA (+ 23.8%), DAI (0%), and Atari tokens.
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