As the world is moving towards Blockchain, gaming giant Atari too wants to dip its toe into the emerging technology. The company has recently signed a license agreement with blockchain startup Animoca Brands.
As per the agreement, Animoca will create the blockchain versions of Atari’s two popular mobile games, “RollerCoaster Tycoon Touch,” and “Goon Squad,” according to the official press release on Tuesday, December 18th.
Moreover, the company announced the launch of blockchain versions globally except Taiwan, Macau, China, and Hong Kong. Frédéric Chesnais, company Chairman and CEO, expressed optimism over the new partnership.
“We are proud and delighted to enter into this long-term and strategic relationship with Animoca Brands. It also allows us to become a shareholder in one of the most exciting innovators in the world of decentralized gaming. We hope that this agreement paves the way to further cooperation on other Atari products,” says Chesnais.
Signing MoU to Explore Mutual Opportunities
Atari and Animoca Brands have also signed a Memorandum-of-Understanding (MoU). The MoU allows both companies to explore mutual opportunities in product development, gaming, and blockchain technology.
Furthermore, the blockchain startup is likely to publish the blockchain versions for the two games by H2 of 2019. The blockchain versions of the the company games will also feature non-fungible tokens (NFT). The license agreement between the two companies extends through March 31st, 2022.
To obtain the rights to develop and publish the two games, Animoca guarantees Atari a minimum future payment of $250,000. The payment of the same will happen through the company’s stock. Animoca will also enter into revenue sharing with Atari one the gross revenues generated by both games crosses $5000,000.
Yat Siu, the Co-Founder and Chairman of Animoca Brands, also made positive comments on their collaboration with the gaming company.
“This deal marks a special moment for me because I started my career working with Atari and using Atari computers. The RollerCoaster Tycoon franchise is, like many of Atari’s properties, a true evergreen, having been around for two decades. Given the strategic and commercial elements of this incredibly fun simulation, it is a perfect candidate for blockchain adaptation,” said Siu.
Atari’s Plans for Cryptocurrency
Earlier this year in February 2018, Atari announced plans to develop its own digital currency Atari Token. During that time, Chairman Frederic Chesnais said,
“Blockchains technology is all set to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions […] Our objective is to take strategic positions with a limited cash risk, in order to optimize the assets and the Atari brand.”
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