The company, which is behind iconic video games such as Pac-Man and Pong, plans to release its own cryptocurrency, “Game Maker Atari,” as announced last week. (See Also: How is Artificial Intelligence Reshaping eCommerce Sector?)
As part of this effort, Atari acquired a 15% interest in Infinity Networks, Ltd. based in Gibraltar and granted the company a license. The partnership, which was already proposed in a December Declaration, sees the development of a digital entertainment platform supported by Atari’s so-called token. The manufacturer of the game said that his investment was made “without cash payment from Atari”.
“Our goal is to take strategic positions with limited liquidity risk in order to better value investments and the Atari brand,” said Atari President and CEO Frédéric Chesnais in a statement.
The choice of name is remarkable, as Atari had previously created an Atari token to serve as a currency for in-game purchasing. It remains to be seen whether the announced new Atari token will serve this purpose.
In addition, Atari has announced its intention to develop cryptocurrencies through cooperation with Pariplay, Ltd. to integrate online games with Atari games and characters as part of their design. Last week’s statement also clearly highlights the creation of a second token that would be used in conjunction with the online casino plan.
“To increase the appeal of these new casinos, Atari has launched the project to launch Pong Token, a second token dedicated to crypto-casinos that can be used on these gaming sites.” Details on this version of Crypto Casinos will be announced soon, “reads the statement (without translation).
As expected, the announcement did not make very good comparisons for Kodak, the photographer who licensed his mark for the creation of KodakCoin. The project was announced in January, with the intention to make a first currency offer at the end of this month. This token sale was later postponed and since then no release date has been announced.