Atari Launches Virtual Crypto Casino in the Metaverse
The renowned video game company, Atari, is breaking new ground in the online gambling world. The company is set to launch the first-ever virtual crypto currency casino in the metaverse. This virtual casino will be launched in the Decentraland metaverse, an Ethereum-based virtual world. Specifically, the casino will be located in Vegas City, one of the largest districts in Decentraland. The district is rightly named after Las Vegas, the world's Entertainment Capital.
To achieve this laudable feat, Atari has partnered with casino builder Decentral Games, backed by the parent company of CoinDesk, Digital Currency Group. With this innovation, players searching for a more immersive experience can satisfy their gaming urges right from the comfort of their homes.
Founded in 1972 by Nolan Bushnell and Ted Dabney, Atari released one of the earliest video games, Pong. Since then, the company has gone on to produce other notable games played by millions of people worldwide. Popular titles include Ms. PacMan, Asteroids, Centipede, and Missile Command, among many others. With the debut of the Atari 2600 in 1977, Atari solidified its legacy as an iconic console game company. However, the video game crash of 1983 led to the downfall of the company.
Over the years, the company has released consoles, media entertainment systems, and gaming products. Now the video game pioneer has set its sights on the metaverse and cryptocurrency for its latest innovative idea.
The concept of cryptocurrency casinos was a foreign subject until 2012, when the first-ever bitcoin casino called SatoshiDice was created. Crypto gambling sites found on sites like cryptocasinos.net allow gamblers to play their favorite games using cryptocurrencies like Bitcoin as a mode of payment. Cryptocurrencies offer faster and cheaper transactions, improved security, privacy, and anonymity for gamblers, and increased transparency of casinos like never before.
Unlike traditional online casinos, bitcoin gambling sites offer a wider variety of games as well as better winning odds. There is also a wide range of lucrative bonus offers for new and existing players.
Now, online casinos are expanding to integrate the virtual experience of the metaverse with gambling. This is set to revolutionize the gambling industry. The virtual world will offer players a more exciting and engaging gaming experience.
As mentioned earlier, Decentraland is an Ethereum-based metaverse, and as such, it supports $ATRI, an ERC20 token running on Ethereum. Atari launched this cryptocurrency in October 2020. In addition, Atari allied with the blockchain gaming platform Enjin to launch NFTs from the high-end digital fashion house, The Fabricant. To counter the high fees on the Ethereum blockchain, the casino will make use of the Layer 2 scaling solution, Polygon.
The NFTs and cryptos will be mainly promoted through this metaverse crypto casino. Apart from the Atari cryptocurrency, players will also be able to use Ethereum's stablecoin DAI from Decentral Games and MANA, the token used to pay for goods and services in Decentraland. Using these tokens allows players to earn $DG, a cryptocurrency owned by Decentral Games. Additionally, the casino will benefit DG token holders as 88% of profits will be invested in the DAO treasury.
The virtual casino will feature classic Atari-themed arcade games. Users will also be able to enjoy classic games found at a typical online casino. These include slots, pokers, roulette, and baccarat, among many others. Owing to the partnership with Enjin, we might also look forward to developers creating blockchain games with the Atari brand.
One common theme of the casino games is that players will be able to deposit and play using cryptocurrencies and NFTs. Players will also earn their winnings in these digital currencies.
In the metaverse, virtual properties can be purchased or sold using virtual currencies like NFTs (non-fungible tokens) and cryptocurrencies. In their bid to extend the market size and gain more audience, many companies are acquiring as much digital land as possible.
One such company is Atari, which leased some virtual land on an initial two-year term for its virtual casino. The casino will be developed in Decentraland's Vegas City. There are also plans to build a virtual hotel called 'Atari Hotels' in the near future. At the same time, the company plans to open a physical hotel in Las Vegas, which might even accept Atari Tokens in some form.
While we have no clear answer to this, we know every business venture has upsides and downsides. The metaverse, being a virtual world, offers new grounds to be broken and new environments for gamblers to explore. Owing to the immersive and very close realistic experience to that of traditional casinos, metaverse casinos are way different from conventional online casinos.
By getting ahead of the pack and making history, Atari could gain more exposure and reach a new generation of gamers. Of course, the project will not be perfect, but there will be plenty of room for improvements later.
The Atari virtual casino would include their classic games, thus offering a free form of advertisement for these games. The project could also help draw attention to new developments like the company's NFTs, crypto platforms, and new games.
However, there is no guarantee that the casino will work or be a success like previous Atari accomplishments. However unlikely, there is also the risk of running into legal issues with casino licenses and financial institutions.
There is no doubt that this virtual crypto casino is one to look out for. From the partnership with big players in the cryptocurrency to the gaming industries, Atari has put everything in place to make this a success. Cryptocurrencies continue to make waves in industries worldwide, including the gambling industry. They are certainly the future when it comes to gambling online.
Though not fully tapped yet, the metaverse bitcoin casino is set to take online gambling to the next level.
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