The Beginning of the Atari Brand
All gamers who played back in the day appreciate the Atari brand. People who grew up in the 1980s have an affinity for the items created by this California-based firm. Those born after 1990 spent their early years playing video games on Sony and Microsoft systems. It is hard to overstate the significance of the fact that they were the first company to design a home console. The Atari 2600, which was released in 1977, is regarded as the forefather of all video gaming systems. It popularized microprocessor-based technology and introduced the world to famous games such as Combat, Asteroids, Pong, and Pac-Man, while also popularizing ROM storage cartridges.
In the same manner that Atari revolutionized video gaming in the 1980s, the business is now focusing on the cryptocurrency market and aiming to cause a stir by launching a branded gambling platform. Since early November, there have been continuous reports about their anticipated entry into this sector. Regardless, Atari issued a formal statement about its plans in March 2021. Atari SA Chief Executive Officer Frederic Chesnais believes the move will revitalize the firm and introduce future generations to this iconic creator. He believes that this will increase revenue for the organization.
As a first step, the company will try to profit from the Atari brand as well as the popularity of the Decentral games. Both firms will collaborate to create the platform, which is set to be live on the Ethereum blockchain in May 2021. Decentral has made a statement in light of the recently formed relationship, stating that they are looking forward to developing Atari-themed games that integrate skill and chance and would accept multiple cryptocurrencies as deposits from online casinos. For more information about crypto casinos, visit Cryptogamble, the site with the finest reputation for safety and dependability.
What is the origin of the name Decentraland?
According to a press release published by Atari in March, the company’s branded casino will be created in Vegas City, which is located in the Decentraland metaverse’s gaming section. The business group negotiated an agreement with Decentral Games that involves a two-year lease.
Decentraland is a 3D virtual world on the Ethereum-based blockchain network. Its graphic style is similar to that of the famous game Minecraft. It then divides into numerous LAND chunks, each of which may be acquired with an ERC20 token by anyone. Each LAND-owner is granted unlimited freedom to do anything he wants with his digital lot, and he is entitled to 100% of the income generated by his efforts on that lot. Users in this environment may create, purchase, and sell their virtual reality programs.
Decentraland’s initial coin offering (ICO) was a success in August of 2017, resulting in the acquisition of around $24 million in digital currency. The Decentraland foundation kept 20% of the total, while the remaining 80% was divided evenly among the company’s partners and the community. Users could own LAND by participating in one of two first auctions held between December 2017 and 2018. The choice to sell a parcel of land on the secondary market is fully in the hands of the parcel’s owner.
Atari’s Products Are Designed for the NFT Market
Customers of the crypto casino operated by Atari will be able to acquire $DG, the native currency of the Decentral Games ecosystem, by gambling with Dai, Mana, and Atari’s token. According to Decentral, the platform’s launch party will feature a performance by DJ Dillion Francis, and the company also claims that it will hand out one-of-a-kind NFT gifts to attendees during the event. The projections made by both companies indicate that user participation will result in bets totaling up to $150 million in the year 2021, and it is anticipated that this number will rise to $250 million by the year 2023.
Non-fungible tokens, also known as NFTs, are a type of digital asset that can be demonstrated to be one of a kind and contain identifying data within smart contracts. Because no two of them are identical, it is impossible to divide them, swap them, or replicate them. Because of this standout quality, there are not nearly as many digital copies of NFT as there could be. Bitcoin, on the other hand, is a fungible token that can be exchanged for different forms of currency. It is possible to split it up into two parts.
NFTs can be used for a variety of purposes, such as acting as in-game tokens or as objects that can be used to demonstrate ownership of digital assets. NFTs have a wide range of applications. They are, in effect, ownership deeds to a digital commodity that has been demonstrated to be extremely rare. However, the digital commodity in question is bitcoin.
Through its partnership with the blockchain platform Enjin, Atari plans to distribute non-fungible tokens (NFTs) based on The Fabricant, a well-known digital fashion brand, in the expectation of making a profit off of the expansion of the industry. Because of the agreement with Enjin, it will now be possible for other game developers to in the future create crypto items with the Atari brand.
Atari announced the launch of its blockchain company on April 6th, 2021. It is a division of the company that is devoted to the creation of cutting-edge technologies such as cryptographic currencies and games that can be demonstrated to be fair, such as Bitcoin. The business announced in a statement that it intends to explore its potential in the field of non-fungible tokens (NFTs) and online worlds built on blockchain technology to pave the way for a new direction in its operations.
The entry of notable individuals into the market for non-fungible tokens (NFTs), such as Dallas Mavericks owner Mark Cuban and actress Lindsay Lohan, has recently led to an increase in interest in this industry. This is one of the reasons why there has been a recent rise in interest in this sector. Video games that fall into this category include NBA Top Shot. These are packs that contain legally sanctioned NBA highlights and are distributed in limited quantities. This gives the impression that there is a scarcity of the packs, which in turn increases their value.
To summarize
Over the last three years, the popularity of online bitcoin gambling has soared. However, unlike the bulk of large-scale operators of chance-based games, Atari has taken a more inventive approach by foraying into virtual worlds. The firm intends to debut its gaming platform in Decentraland, which is powered by Ethereum, in May of this year. The firm is making this shift to attract younger audiences who are already familiar with the notion of virtual worlds.