Atari's New Frontier: Enter the World of NFTs

Blockchain and distributed ledger technology interface's potential is abundant in the video game business, and much more broadly in the Interactive Entertainment Industry. These advancements help all parties, notably players, who now have access to an unbelievable range of video games, as well as programmers, publishers, and anybody else attempting to make a living in the gaming business.

The Atari Token's primary objective is to become a standard utilitarian crypto-currency for the video gaming industry. The Atari Token's long-term goal is to become the crypto-currency of preference for anybody in the business who has to complete a task using a smart contract.

Atari wants to take advantage of a rising tendency in this sector: task decentralization throughout the world and the usage of smart contracts to complete them. They view the Atari Token as a solution for everyone – including the financially excluded, underprivileged, and the upcoming 4 billion people to get internet connectivity – to discover beneficial rewards for their labor and better their economic situation by gaining exposure to a new decentralized economic network.

Atari wants to establish a new crypto-currency that can be used on as many smart contract-based channels as feasible throughout the world, beginning with video games.

Atari, Theseus' business organization/brand, has recently generated around 110,000 USD by selling NFTs. The tokens in the discussion are 3D representations of the Centipede Atari 2600 game cartridge: ten black and one hundred red. The NFTs are part of the Atari Capsule Collection, which is essentially a compilation of Centipede and Pong-themed NFTs marketed by the corporation that currently possesses the Atari name.

The corporation and its proprietary information have been purchased and resold so many times that it's difficult to keep an account of them all, but the present iteration is most recognized for attempting to develop hotels and failing to produce a gaming console.

The NFT portion, as per the firm, is merely another 3D model, but the first buyer will receive a real-life, genuine, fully repaired Centipede arcade cabinet. However, if normal NFTs with only a 3D model were trading for thousands of dollars, I am not sure how much that one will get.

We regularly discuss NFTs as enthusiasts' objects, but these are especially perplexing - they went from 180.7 USD to nearly 16,000 USD. According to Ars, if you desired an actual Centipede 2600 disk with the packaging, instructions, and all, you would pay 30 USD on eBay (or 53 USD if you needed it wrapped). Collector's editions of the game have lately sold for approximately 500 USD, and bids for them begin around that price. A few of these NFTs are more expensive than classic Centipede arcade cabinets.

That would start giving you more of that sensation: an NFT or a duplicate of the real game if the objective were to experience that you possess stuff, that you have acquired it. The NFT will provide you a blockchain record verifying that you hold a 3D model (which is analogous to all previous versions), but a real cartridge may be viewed or played.

That is not even taking into account the historical physical editions - you can certainly try to identify one of the game's editions that Atari buried in the desert back in 1983. They have previously sold for approximately 600 USD on eBay and comes with a historical tale that no NFT can equal.