Atari Inc. is one of the most well-known and recognized game developing companies out there. Atari has been known as one of the most innovative game developers with more than 45 years of experience and a big part of the arcade games gaming revolution in the 70s and 80s! Recently, the company announced a license agreement with Animoca Brands Limited. This agreement will allow Atari and the subsidiary of Animoca Brands Corporation to publish Blockchain Versions of two of Atari’s most famous titles, Goon Squad and Roller Coaster Tycoon.
This will allow for releases into most parts of the world with the only exceptions being Hong Kong, China, Macau and Taiwan because of local laws and prohibitions. The agreement will last until the end of March 31, 2022. Under the agreed terms, Animoca brands will be required to pay the game-developing giant a minimum guarantee of future revenues of $250 000. The sum will also be payable in shares of the company’s stocks.
Atari innovates with Blockchain Technology
This will serve as consideration for the license to develop and publish the extremely well-known titles of Goon Squad and Roller Coaster Tycoon. Additionally, revenue shares will also be payable to the company after gross revenues generated by the newly developed Blockchain games exceed a total of $500 000.
The partners have also agreed to engage in a memorandum of understanding in order to develop long-lasting strategic partnership and explore new and exciting mutual opportunities and innovations in the Gaming Industry, Blockchain development and other areas. Atari’s CEO, Frederic Chesnais stated:
“This partnership is a testament to the increasing role of Blockchain Technology in game development and the digital entertainment industry. It’s our mutual pleasure to enter this long-term strategic relationship with Animoca Brands. This will allow us to become shareholders in one of the most talented innovators in the growing world of decentralized gaming. It’s our biggest hope that this agreement will set the foundations for many other Atari products to see the light of day.”
Without a doubt, Blockchain Gaming is forming a new industry on its own with a lot of potential. The next few years a lot of the biggest names in gaming might start cooperating with Blockchain startups in order to benefit from this growing phenomenon. But the biggest benefiary will most likely be gamers. Gamers from all corners of the world will have the opportunity to enjoy games, despite local laws or other obstacles. The Blockchain Revolution is comming!
This is not Atari’s first Blockchain endeavour
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Tags:AnimocaAtariBlockchainBlockchain GamingGaming IndustryGoon SquadInnovationRoller Coaster Tycoon