Atari’s dive into metaverse crypto casino gambling

Atari’s dive into metaverse crypto casino gambling

Online casino gaming is evolving into metaverses. These are virtual shared spaces where users can interact with others via avatars and conduct cryptocurrency transactions. Atari announced in March last year that they struck a lease agreement to build a metaverse casino inside the Vegas City district of the virtual sharing space Decentraland.

Atari is a gaming company famous for their Atari 2600 video game system. The company invested a lot of money into the Atari console and the licensed games for it. In 1984 Commodore International bought out Atari’s home computing division and created a new company named Atari Corporation. Atari stopped producing consoles after the failure of the Jaguar console. Today Atari is making headlines with their crypto casino in Decentraland.

A crypto gambling site is an internet gaming platform that hosts traditional and novel games of chance and accepts bets made in digital money forms such as Bitcoin, Etherum and other established cryptos. They offer provably fair games and have promotions specific for crypto casinos. Metaverse gambling spots differ from a Bitcoin gambling website in that they allow users to enjoy a far more social wagering experience than what they can find on a website.

NFTs are non-fungible tokens that are not available in Bitcoin casinos. In the Atari's locales, people can bet using the platform's native token MANA, the Decentral Games one, or the ERC-20 Atari Token.

The Atari Cryptocurrency Casino offers traditional table games and slots. Patrons can play classics like roulette, baccarat, blackjack and casino poker. Atari is planning to introduce games of chance based on some of their famous arcade titles.

Atari is planning to launch a virtual hotel in the Metaverse. Virtual real estate sales on the top four platforms reached over $500 million in 2021. They are expected to grow at a rate of 31% per year until 2028. It is reasonable to expect many new metaverse gambling establishments to pop up in coming months.

Atari is investing in the metaverse casino. It's a risky venture. There's no guarantee that the NFT or metaversian sector will grow as many assume. It is also a question of time when they will run into licensing and regulatory issues.

Atari is diving into metaverse crypto casino gambling.

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