Atari Planning Its Own Cryptocurrency

Atari is one of the most important names in the history of video games as the company was responsible for helping to promote the industry in the 1970s and 1980s. However, the company has not been as productive as it used to be and is no longer considered to be relevant in today’s market. But today Atari is looking to get back in the spotlight as the company is looking to plan its own cryptocurrency.

The company is working to develop a new cryptocurrency known as Atari Coins. It is uncertain as to how the coins would be used at this moment.

Atari will work with this plan by producing a new entertainment platform that is based off of the blockchain. This digital platform would offer new forms of entertainment for people to utilize, but it is uncertain as to what would be offered at this point.

The move comes as Atari is trying to make itself a player in the gaming industry. Although the company has been planning some console called the Ataribox, that console has yet to be released. Details on how it is being developed have been scant. An Indiegogo campaign was launched recently to support the funding process for the console, but not much else has been released regarding what the currency would work with or how it may be utilized in the future.

This has led to the development of the new Atari Coins currency as a possible venture for funding the Ataribox. However, there is another point relating to the currency announcement that may be put into consideration.

An Intriguing Addendum

The announcement from Atari includes a slight note stating that the Atari Token would link up to another currency called the Pong Token. This would work on casino sites.

This move would work to support many casino platforms with a partnership through Pariplay, Ltd. This group is popular for working with many cryptocurrencies for online casino games.

The link for the cryptocurrency would help Atari to continue to operate within the casino market. Atari has been working on cryptocurrencies in recent time as the company has been producing various games for use at online casinos.

Big Stock Boost

Atari’s decision to work with its own cryptocurrency has helped the company’s stock to rise in value. The stock, which is traded on the EPA under the symbol ATA, experienced a sizeable increase in its value in recent time.

The stock was trading at around 57 cents before the announcement. The total went up to 94 cents shortly after the cryptocurrency announcement. The total has moved down to 76 cents since reaching that peak.

Similar to Kodak

The move from Atari is similar to what Kodak announced a few weeks ago. Kodak stated that the company would be working with its own cryptocurrency. This led to the company’s stock increasing in value. However, the moves between Atari and Kodak have been heavily considered to be similar to each other on the basis that the two companies have not been considered to be as relevant today as they have been in the past.

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