More information about Atari Token
Atari, the iconic video game publisher founded in 1972, had gone Blockchain in 2020, launching the ATRI Token in partnership with the Dubai-based ICICB Group.
Atari Token was launched by Atari Chain in equal partnership with ICICB Group in 2020. Atari Token is a decentralized crypto-currency built using the Ethereum protocol (ERC20). ICICB Group has received a license from Atari to launch a crypto-currency gaming platform where Atari Token is used in blockchain initiatives. Atari Token planned to be used for video game product revenue generation, smart contract integration and in-game asset security. Tokens could be exchanged for any crypto-currency or fiat currency.
In March 2021, Atari extended its partnership with ICICB Group for the development of Atari-branded hotels. The first hotels were to be built in Dubai, Gibraltar and Spain. Then in Europe, Africa and Asia such as Australia, New Zealand, Hong Kong and Singapore. The proposed hotel raises the bar for hotel entertainment with a fully immersive experience for all ages and gaming abilities, including the latest in virtual and augmented reality.
None of this will ultimately materialize, as since April 18, 2022, all operating licenses granted to ICICB Group by Atari have been withdrawn.
What’s more, it was in March 2022, on March 30 to be precise, that Atari’s General Manager, Frédéric Chesnais, aka Joseph, was fired. It was he who had pushed Atari into the arms of ICICB Group. The official reason was a disagreement over his remuneration.
In April 2022, Atari decided to officially withdraw from ICICB’s Token Atari project. The group decided to withdraw the ICICB Group’s authorization to use its licenses. This decision marks the beginning of the real fall in the value of the Atari Token.
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