Popular video game company Atari Group is entering the crypto scene by launching an initial coin offering for a planned cryptocurrency casino.
According to a report by Cointelegraph, the firm will be working with the ICICB Group in making private placements as early as March 2020, with a public sale planned by Sept. 30, 2020.
Atari is also planning to issue two tokens, one of which, the Atari Token, can be used in video games but mainly in online casinos that are playable with cryptocurrencies.
Atari CEO Frédéric Chesnais noted that the company is highly interested in the use of blockchain technology and cryptocurrencies in video games and online payments.
The other token called Pong Token is based on one of Atari’s popular arcade games, Pong. The planned digital currency will be part of the company’s operator license in Kenya for local applications.
Atari originally planned to develop a blockchain-based digital entertainment platform and launch the Atari Token in 2018 in partnership with Infinity Networks, but later terminated the agreement in the belief that the initiative was not progressing as expected.
The platform was supposed to give users access to various forms of digital entertainment such as video games, films, and music.