Atari creates a division for blockchain and NFT games
Atari announced last Tuesday (06) that the company will be divided into two parts, one focused on games, while the other will be dedicated to blockchain technology and NFTs (non-fungible tokens). The news accompanies the inauguration of Wade Rosen as the new CEO, who previously served as chairman of the board.
Atari creates a division for blockchain and NFT games (Image: Somag News)
The divisions will be called Atari Gaming and Atari Blockchain. The first will act as a game developer, while the second will explore non-fungible tokens, cryptocurrencies, blockchain games and virtual worlds.
Former Atari CEO Fred Chesnais will take over as president of the Atari Blockchain division, which could eventually become a separate company. He is expected to lead the development of the Atari Token, a game-oriented cryptocurrency built using the Ethereum protocol.
Atari is in a very good financial position. Today the company is experiencing its greatest appreciation in the last 7 years. It was during the management of Chesnais that the company left the risk of bankruptcy and resumed growth. Now, as head of the blockchain division, he must boost the Atari Token and invest heavily in the intersection of the gaming and crypto sectors.
On March 8, Atari announced its partnership with Decentral Games to launch a virtual casino that operates with cryptocurrencies. The entire project was done in a completely virtual environment, a 3D universe called Decentraland that operates on the Ethereum blockchain.
Called Atari Casino, it works with tokens and cryptocurrencies that can be wagered on retro and themed games from the gaming company.