Crypto Casinos in the Metaverse – Atari launching a virtual casino
Atari is an iconic video game company that has managed to stand the test of time. It is now leading a new cryptocurrency casino project that brings something different to the table. This cryptocurrency casino is coming to a virtual world called Decentraland, with the district where it will be located is called “Vegas City”.
This is just one of the many opportunities that Atari is exploring in a variety of virtual worlds. The goal of the Ethereum-based virtual world is to replicate a real-life gambling hub like Las Vegas.
Atari is working alongside Decentral Games to build out the casino side of the offering. Decentral Games has support from the Digital Currency Group, which is the major investment firm that is also the overseer of Grayscale. This article will take you through all the core aspects of this exciting project.
Atari is a video game company that has been around since the early-1970s and has been at the forefront of many technological improvements over the decades. It is often credited for starting off the modern video game industry as we now know it through the release of games like Pong.
It subsequently launched many other notable games over the years, such as Asteroids and Space Invaders. There were numerous spin-off game development companies and console manufacturers that came from Atari.
While the company hasn’t done a whole lot in recent years, it is now eying up another major market that is set to massively disrupt the gaming space. Its blockchain division has been looking at a variety of opportunities in the space and has developed its own cryptocurrency called the Atari Token. It is now dipping its toes into the virtual casino space.
What Are Crypto Casinos?
Crypto casinos and Bitcoin gambling sites have been growing massively in popularity over the past few years. While they hold a lot of similarities to the regular types of casino sites that you are probably used to, there are also some stark differences.
As the name suggests, they will mostly cater to cryptocurrency transactions. This allows for much faster, cheaper, and more secure payments to online casinos. The platforms are also not as confined as many of the traditional types of online casinos that you will find.
This means that there will be bigger and better game libraries, more lucrative bonuses, and a more straightforward signup process. Now the next step in the world of crypto casinos are these types of platforms that will be up and running in the metaverse.
Atari Token and NFTs
It looks like the new Atari virtual casino will support Ethereum-based tokens like the Atari Token. There will be prizes paid out in cryptocurrency as well as through NFTs. Atari will be looking to get a good level of coverage for its new token and NFT collection as a result of them featuring as part of the virtual casino offering.
It has entered a partnership with leading blockchain gaming platform Enjin to help launch the NFTs through the Fabricant digital fashion house. There will also be the creation of Atari-branded blockchain games through licensing agreements as a result of the partnership with Enjin.
What Games will Atari’s Casino Feature?
The Atari casino is set to feature several of their classic game titles as well as a lot of the typical types of games that you might expect to find at any type of online casino. It is likely that they will include slot games, poker, blackjack, roulette, and baccarat.
There will likely also be some niche titles that have been developed through the partnership with Enjin. Therefore, a lot of exciting times lay ahead.
The Virtual Real Estate in the Metaverse
The concept of virtual real estate in the metaverse has been gaining a lot of attention over the past few years. Many companies and individuals have been busy acquiring as much relevant digital land as possible. They often then rent out the space to those who want to offer some sort of product or service through the area.
For the home of the Atari casino, the company has leased a prime piece of virtual real estate in Vegas City. There are also some plans in place for Atari to build a type of virtual hotel in the future. Therefore, it appears that the company has a lot of ambitious plans for the space going forward.
Risk vs Reward (Is this the right choice for Atari?)
There is no way to answer this question with any degree of certainty, only speculation. There is no doubting that there is a lot of interest in the metaverse and what the future might hold for it. More companies are investing in the space, with the interested user base constantly on the rise.
Atari has a reputation for spotting something that others have failed to identify and being an early mover. While there is no guarantee of success, being an early mover in the metaverse could pay off handsomely.
It is a great way to make itself relevant once more and to get some publicity for its crypto and NFT offerings. They will also be able to showcase their catalog of games through an exciting new platform.
Naturally, there are also some downsides to consider. There is still a huge number of unknowns in the metaverse space. Atari might also run into issues with regulators regarding it casino games offering.
Therefore, it will certainly be very interesting to watch what happens with the Atari virtual casino and keep an eye on its success. There is certainly a future for virtual casinos, but it’s just a question of whether now is the right time for them or if that will come at some point in the future.