Atari is stepping into the online gaming world. The entertainment software company is reportedly launching a crypto casino district on the Ethereum blockchain.
News Highlights
- Atari made household games such as Asteroids, Pacman, and Pong
- The Atari Token is currently worth $0.47, with a market cap of over $206 million
- The company is in a great position to tap into a growing trend with online gaming
Atari to Launch Ethereum-Backed Casino
Atari, the company that brought gamers Asteroids, Pacman, and Pong is teaming up with Decentral Games to create the crypto casino.
According to reports from Coin Desk, the Atari-casino will be built in Vegas City, a gaming district within Decentraland’s metaverse, essentially a platform based on Ethereum.
How will the Casino Work?
Players will use an avatar to interact with games and users. The casino will feature Atari-themed games and Atari non-fungible tokens (NFTs), the crypto world’s latest craze.
Players can earn Decentral Games’ native token $DG by playing with Decentraland’s Mana token, Dai, and Atari tokens.
For the company, this could be a way of rejuvenating the organization as video games gain in popularity. In 2021, the two companies expect to see bets amounting to $150 million, jumping to more than $400 million over two years. Frederic Chesnais, Atari CEO, said:
Through collaborating with Decentral Games, we can move the Atari gaming experience onto the blockchain.
Frederic Chesnais
Advantages of Online Casino Investment
There are several advantages in Atari’s move to launch an online casino teaming up with Decentraland.
It’s Remote
Due to COVID, more people turn to online gaming for entertainment purposes. An online casino launching on Decentraland will open up the platform to new clients, which will likely help drive more space development.Digital Spaces are Growing
With the online economy growing, more people are moving toward cryptos. This means that platforms like Decentraland are becoming increasingly popular as it gives users a completely immersive experience.Online Gaming is Rising
Founded in the 1970s, Atari remains a household gaming name, but it has been pushed to the sidelines in recent years. With the online gaming industry rising in popularity, this could be the ideal way of making the company relevant and modern.
Cryptocurrency’s Role in the Online Gambling Industry
With more interest expressed toward cryptocurrencies, an increasing number of people are looking into their uses.
Businesses, such as casinos, realize their potential, which is why so many reputable organizations are already accepting them for deposits and withdrawals.
The benefits of using crypto at online casinos include safe deposits, quick payments, higher limits, private information, increased security, and a transparent record. Thanks to the blockchain, which records each transaction made, it verifies the transfer of online funds.
Crypto Casinos
Below we’ve included some of our recommended crypto casinos:
Wild Casino has an exciting collection of titles, including slots, table games, and two live dealer studios.
It offers a $9,000 Bitcoin Welcome Bonus! If you request a Bitcoin payout, you can receive your funds, free of fees, in 24 – 48 hours.
BetOnline is a top-rated online gambling site that accepts Bitcoin deposits between $20 and $25,000.
It also offers two different deposit bonuses for Bitcoin: a 100% first-time crypto bonus and a 35% crypto reload bonus.
The Future of Online Crypto Casinos
With the growth of online gambling, it seems like a natural progression that online crypto casinos will gain more acceptance. Atari’s latest move is sure to help that cause, which may give the industry the push it needs to become more mainstream.
