Home
Games
Games News
Atari to Release Own Cryptocurrency Called Atari Token

Atari to Release Own Cryptocurrency Called Atari Token 27r2g

By Rishi Alwani | Updated: 16 February 2018 20:15 IST

Highlights

Atari has announced Atari Token
It represents the legacy brand's foray into cryptocurrency
Its shares spiked after announcing its cryptocurrency push

ment

Classic video game brand Atari has announced Atari Token. It represents its foray into cryptocurrency. The announcement has seen a spike in shares, rising by more than 60 percent since the announcement on February 8. ct2m

In addition to this, Atari is taking a stake in a company that’s building blockchain-based digital entertainment and is expanding its online casino-gaming partnership with Pariplay to allow for gambling with digital currencies. It's unknown if this would be restricted to Atari Token or be open to the likes of Bitcoin as well.

“Blockchain technology is poised to take a very important place in our environment and to transform, if not revolutionise, the current economic ecosystem, especially in the areas of the video game industry and online transactions,” Atari Chairman and Chief Executive Officer Frederic Chesnais said in a statement. “Our aim is to take strategic positions with a limited cash risk, in order to best create value with the assets and the Atari brand.”

Previously Atari floated plans for a console known as the Nintendo Switch. In its latest avatar, we've seen Atari release a few games based on franchises it still owns, most notably Alone in the Dark: Illumination and Asteroids: Outpost. Both were met with largely negative reviews for their derivative nature.

If you're a fan of video games, check out Transition- Gadgets 360's gaming podcast. You can listen to it via Apple Podcasts or RSS or just listen to this episode by hitting the play button below.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.