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Atari to Separate Gaming & Blockchain Divisions

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Atari, one of many largest names in Eighties gaming, is urgent forward with its plans to capitalize on blockchain know-how. After making a comeback over the previous couple of years, the USA firm introduced plans to launch cryptocurrencies all the way back in 2018.

On Tuesday, it was announced that the company would break up its operation in two. The primary division, Atari Gaming, would proceed to deal with retro gaming. The opposite being Atari Blockchain, which the present CEO Frédéric Chesnais will lead, stepping down from his present place.

What can we count on from Atari Blockchain?

The Atari Blockchain division will capitalize on blockchain know-how to develop new video games. It’s one thing that has already been occurring with the immersive sport Karma the Recreation of Future. In November 2020, the corporate introduced its Atari Token (ATRI) would be integrated all through Karma the Recreation of Future to assist in-game purchases.

Now, as acknowledged in a press launch, the corporate desires to push the ATRI token as a way of cost for different digital purchases by itself Digital Pc System (VCS) console, in addition to different platforms and third events.

The corporate’s outgoing CEO, Frédéric Chesnais, will head the division. Chesnais’ firm Ker Ventures, which, alongside American fund Alden, pulled Atari out of chapter in 2013. Atari’s present Chairman of the Board, Wade Rosen, is changing Chesnais.

What’s Atari?

Atari was initially a third-party subsidiary for Nintendo, based in California in 1972. It made its identify with Pong, a table-tennis arcade sport launched the identical 12 months, broadly considered one of many first commercially profitable video video games ever. Different well-known video games within the firm’s again catalog embrace Asteroids and Area Invaders.

It arguably faded from the general public eye till its most up-to-date change of ownership in 2013, at which level it was reported it had solely ten staff on employees. With over 200 video games and franchises to its identify, the corporate was valued at €250 million as of January 2021.

Since taking on, Chesnais has not solely made plans with Blockchain and ATRI. For example, Atari-themed lodges have been deliberate, with the primary coming to Las Vegas scheduled for November 2022.

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