The gaming trade’s journey from video games like Pacman and Pong to modern-day video games is actually admirable. Right now, the gaming trade generates revenue of over $300 billion and has almost 2.7 billion active gamers from throughout the globe.
The ever-evolving graphic items, highly effective processors, high-resolution screens, and very immersive gaming experiences have performed a important function on this progress. Moreover, with the appearance of digital and augmented actuality headsets, avid gamers can now additionally turn out to be a part of a digital gaming enviornment, which makes in the present day’s gaming not like something the world has seen earlier than.
Virtually 5 many years in the past, video video games weren’t as widespread or superior. It was then that Atari got here into the image and took the world of video video games to the following stage. Atari set its place within the very coronary heart of the gaming trade and attained success through the ‘70s, ‘80s, ‘90s that’s largely unparalleled to today.
Popularizing Gaming Consoles
Based by Nolan Bushnell and Ted Dabney in 1972, Atari is an iconic gaming model that was nearly synonymous with arcade video games, dwelling computer systems, and online game consoles within the 70s.
Its entry into the gaming house started with the creation of Pong, a desk tennis simulator that’s thought-about to be the primary commercially profitable online game.
This was adopted by the Atari 2600, a video laptop system (VCS) that popularised gaming consoles and offered greater than 30M items in 15 years after its launch in 1977. Warner Communications then obtained on board with Atari and acquired it for an estimate of $28M. Extra widespread gaming consoles like Atari 400, 5200, and 800 had been unraveled, promoting thousands and thousands of items. Each different retailer within the USA started promoting Atari suitable video games and at its peak Atari contributed to a 3rd of Warner Communications’ earnings. It was additionally touted to be one of many fastest-growing corporations within the USA.
However then got here the online game crash of 1983, forcing Atari to promote its console division and reinvent itself as Atari Video games to serve the arcade video games market. This, mixed with market saturation and extreme competitors, precipitated Atari to stay subterranean within the gaming trade within the following many years.
Reinventing With Crypto
After remaining on the sidelines for nearly 20 years, Atari introduced its “return to the lounge” with its next-generation VCS. This VCS mixed the appear and feel of the retro machine with new-age know-how to create a strong gaming console. However, that’s not all. Capitalizing on the crypto pattern, Atari additionally created its blockchain community and cryptocurrency to energy the way forward for the interactive gaming trade.
Atari’s fundamental goal with its ATRI token is to turn out to be the cost commonplace for varied on-line leisure experiences together with video video games, playing, and betting. As of in the present day, lower than 1% of avid gamers monetize their recreation time. In gentle of this concern, Atari goals to construct a system the place avid gamers can successfully commerce their in-game assets for crypto tokens and even fiat currencies.
Recreation builders may also have the ability to combine the token instantly into their video games as a type of cost. Lastly, customers of the community will have the ability to use ATRI to both watch their favourite avid gamers play, purchase their assets and VCS video games, or take part in interactive video games like playing.
ATRI is at present an Ethereum-based token however the challenge is working to make it suitable with all widespread blockchain networks to encourage cross-platform commerce. The corporate can be constructing a digital crypto-casino that provides iconic arcade video games for its customers.
Heading In the direction of a Revival?
Cryptos are undoubtedly the promising tech of the 21st century and their mainstream adoption is across the nook. Then again, the gaming trade can be at its all-time excessive with applied sciences like AR and VR promising the metaverse. In a time like this, we will say Atari has hit the bullseye with its imaginative and prescient of mixing these two widespread industries. If executed effectively, the crypto integration may assist this legendary agency out of the sidelines into the mainstream to rule as soon as extra.
Disclaimer: This text is supplied for informational functions solely. It’s not provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.