The video game developer behind Pacman and Pong said the casino will be constructed inside the blockchain platform Decentraland, which allows users to purchase, build and monetise virtual reality applications
Atari, the video game developer behind retro classics such as Pacman and Pong, is planning to launch a cryptocurrency-based casino later this year.
The casino will be built on an Ethereum-based gaming district known as “Vegas City”, part of blockchain platform Decentraland which allows users to purchase, build and monetise virtual reality applications, and will include Atari-themed games and Atari-based nonfungible tokens (NFTs).
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NFTs are different from other digital assets such as Bitcoin in that they are digital tokens with unique characteristics, with metadata inside them acting as a permanent and unalterable record of what the token represents.
Visitors to the casino will also be able to use Decentral’s native token, $DG, as well as Atari’s own native ATRI token.
According to reports, the venture will launch in May and will be leased for an initial two-year term, while bets are expected to reach US$150mln in 2021 and rise to US$400mln over two years.
“The casino space presents a massive opportunity to leverage the portfolio of Atari properties through a range of social and real money casino opportunities”, Atari said in a statement.