Vintage video game brand Atari has announced Atari Token.
It represents its foray to cryptocurrency. The statement has seen a spike in shares, increasing by over 60 percent since the announcement on February 8.
It is unknown if this would be restricted to Atari Token or be amenable to the likes of Bitcoin too.
“Blockchain technologies is poised to have an essential place in our surroundings and to change, or even revolutionise, the present economic ecosystem, particularly in the areas of the video game industry and online trades,” Atari Chairman and Chief Executive Officer Frederic Chesnais said in a statement. “Our purpose is to take tactical positions with a limited cash risk, so as to best create value with the resources as well as the Atari brand.”
Previously Atari floated plans for a games console known as the Ataribox and chose to crowdfunding to bring Roller Coaster Tycoon to the Nintendo Switch. In its most recent avatar, we’ve seen Atari launch a few games based on businesses it owns, most especially Alone in the Dark: Illumination and Asteroids: Outpost. Both were met with mainly negative reviews for their derivative character.