RATE Group | Atari Is Not Releasing an ICO Token… It’s Releasing 2 Tokens and a Crypto Casino
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Atari Is Not Releasing an ICO Token… It’s Releasing 2 Tokens and a Crypto Casino

18 Mar Atari Is Not Releasing an ICO Token… It’s Releasing 2 Tokens and a Crypto Casino

Posted at 21:33h in Cryptocurrency News by

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Legendary video game company the Atari Group will conduct an initial coin offering aimed at launching a cryptocurrency casino.

Atari was founded in 1972 in Sunnyvale, California, though ownership has changed hands several times since then. The company currently belongs to Atari Interactive, a subsidiary of the French publisher, Atari, SA. Its stock is listed on NYSE Euronext Paris with a current market cap of just under $50 million.

And now the company’s entering crypto. According to the company’s March 10th press release:

“In 2018, the Group had granted an Atari brand license to Infinity Networks, Ltd (“INL”), to develop a blockchain project combining, on the one hand, the creation of a crypto-currency (Atari Token) and, on the other hand, the creation of a decentralized platform giving access to all forms of digital entertainment, a very broad offer ranging from video games to films and music.”

But since the “project was not progressing at the speed expected by…

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