Atari Token to Launch Next Week, Atari CEO Says Crypto Industry Has Great Potential

Prashant Jha
December 9, 2020
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Atari Games, the gaming giant and the pioneer of arcade games might be eyeing cryptocurrency space as gaming crypto tokens is already an expanding multi-billion dollar industry. Atari has been at the forefront of many gaming revolutions and is leading the transformation to the digital in-game token industry as well.

Atari announced its new ERC-20 digital token back in June and launched the first public sale back in November. The legendary game maker revealed that the moto of their token was to “bring decentralization and universality to the video game and interactive entertainment industry.” The Atari token would be used to power online casinos and E-sports betting services as well.

The Atari gaming token is scheduled for an official launch next week.

Fred Chesnais, CEO of Atari recently appeared on Yahoo Finance to discuss the gaming giant’s crypto token strategy and roadmap ahead. During the interview, Chesnais revealed that their utility token would power as many games and services to offer an interactive experience for the gaming community. He went on to reveal that they are highly bullish about the future of gaming based utility tokens and sees the industry as a potential for long-time growth.

The gaming giant’s CEO appeared highly bullish about the crypto industry and discussed various use cases in the form of fungible tokens, NFTs, and collectibles. He said that crypto space is something he doesn’t want to ignore and said that they are working hard to make the most of the opportunities that the nascent industry has on offer.

Chesnais went onto discuss the limitations of the blockchain networks and how he believes that with time it would evolve further to grow as an industry. He also gave his insights on the impact of the pandemic on the work culture and how it has changed the way offices and industries used to function.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.