Atari Enters Web 3.0
Gaming history icon Atari sees its future in the blockchain scene. With its Atari X project, it's heading to Web 3.0.
Atari states that it is currently actively working on several large blockchain-focused projects. They strongly believe in the future of blockchain technology and its growth and want to make it a more significant part of their portfolio.
The company's vision is to create a blockchain ecosystem through which they want to connect games, community, and utility. Atari rose to fame in the 1980s, mainly because of its gaming space, and they recognized that this was a core concept for them. As Web 3.0 continues to evolve, Atari wants to create new and exciting experiences for its entire community.
Atari and change
Atari published a semi-annual financial report last year. This report discusses some details and the company's efforts in the blockchain space. The report states that the first half of the year was mainly focused on laying the groundwork for Atari X. This included collaborations and partnerships with Web 3.0 partners as well as the implementation of NFT sales, which saw success despite the unfavorable market.
The company's commitment to blockchain further demonstrates its long-term goals for Web 3.0. This initiative by the company to consolidate Atari's interests in blockchain could be a big one in the future. The sale of NFT increased the company's blockchain revenue from €0.4 million to €0.7 million. The prolonged bear market made last year a difficult one for many investors, companies, and individuals, so the success of the NFT sale was crucial for Atari.
The Sandbox was preparing for a third land sale in 2020 and announced a partnership with Atari. Under this agreement, various Atari experiences were to be launched within the game. The financial report section that discusses digital asset holdings states that they hold 972 plots in the Sandbox metaverse. However, it is also detailed that the historical value of these plots is zero. This is because the sale was made when there was no active market for these plots.
With the continued development of blockchain technology and Web 3.0, this year will surely be a big year for many companies operating in this sector. We will certainly see further developments from Atari X.
Source: www.blockchaingamer.biz
analyst opinion
Jakub Odvářka
Atari states that it is currently actively working on several large blockchain-focused projects. They strongly believe in the future of blockchain technology and its growth and want to make it a more significant part of their portfolio.
The company's vision is to create a blockchain ecosystem through which they want to connect games, community, and utility. Atari rose to fame in the 1980s, mainly because of its gaming space, and they recognized that this was a core concept for them. As Web 3.0 continues to evolve, Atari wants to create new and exciting experiences for its entire community.
Atari and change
Atari published a semi-annual financial report last year. This report discusses some details and the company's efforts in the blockchain space. The report states that the first half of the year was mainly focused on laying the groundwork for Atari X. This included collaborations and partnerships with Web 3.0 partners as well as the implementation of NFT sales, which saw success despite the unfavorable market.
The company's commitment to blockchain further demonstrates its long-term goals for Web 3.0. This initiative by the company to consolidate Atari's interests in blockchain could be a big one in the future. The sale of NFT increased the company's blockchain revenue from €0.4 million to €0.7 million. The prolonged bear market made last year a difficult one for many investors, companies, and individuals, so the success of the NFT sale was crucial for Atari.
The Sandbox was preparing for a third land sale in 2020 and announced a partnership with Atari. Under this agreement, various Atari experiences were to be launched within the game. The financial report section that discusses digital asset holdings states that they hold 972 plots in the Sandbox metaverse. However, it is also detailed that the historical value of these plots is zero. This is because the sale was made when there was no active market for these plots.
With the continued development of blockchain technology and Web 3.0, this year will surely be a big year for many companies operating in this sector. We will certainly see further developments from Atari X.
Source: www.blockchaingamer.biz
Previous
Next
