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Talk of gaming and the names that ring a bell are Sony and Microsoft. These gaming giants have dominated the field with top-notch technology. Here comes a new name looking to join the fold. The new identity is not a visitor to the pack by any standard.

The gaming company is Atari. It used to be one of the gaming powerhouse decades ago. It, however, faced various challenges leading to its decline. It has faced competition and eventual bankruptcy cases. 

How else should a big name come back, if not with the goodies? 

Atari has remodeled the iconic Video Computer System (VCS) gaming console. Even though it is from the nostalgic old days, it meets the modern-day quality demands. It doesn't stop there. The company is entering into the digital currency world through the Atari token.

Bloomberg reports the token was made available in late October 2020. They are available on Bitcoin.com exchange selling at 25 cents apiece. The site will sell 1millionUSD worth of the token to non-US investors. 

The Atari token is to introduce a new age in gaming. It is the first shot towards adopting a crypto gaming world. The coin is compatible with the Atari crypto-enabled gaming platform.

The new Atari crypto-enabled games console uses the token as the platform's currency. It allows players to make in-game purchases or to buy games in the VCS.

Gamers will also use crypto-enabled games console functionality to earn tokens when gaming. This makes gaming not only entertaining but also rewarding. The blockchain-enabled features also support esports tournaments and game streaming.

The gaming console is available at the Ultra platform through Atari tokens or UOS. 

Atari is not a new entrant into the crypto world. It has been making inroads into the virtual money world since first investing in 2018. It has also partnered with Sandbox in early 2020. This was to help to recreate some of its classic games. The entry of Atari token now seals the deal as a crypto bigwig.

Will Atari's Crypto-enabled game console make crypto mainstream? 

Atari's introduction of the crypto-enabled games console is the first of its kind. While cryptos are popular in several sectors, gaming is yet to embrace digital coins. All the hardware purchases happen through fiat currencies. In-gaming buying and rewards tend to be through virtual golds or fiat currencies.

The Atari's crypto-enabled game console's success will determine crypto performance in gaming. The latest hardware still has several factors that might limit its prospects.

The first primary concern is on the competition. The major brands like Sony have become household names. It would take some time before Atari can regain the previous status. While it is an invention, these other gaming platforms also evolve.

The new Atari crypto-enabled game consoles don't do itself any favors on pricing. The Atari's all in-bundle costs $390. This is different from the Xbox Series S; it costs a lower $300. Some newer products like the Intellivision Entertainment's product. The nostalgic crowd targeting product aims to launch at $249. 

The other concern is the classic gaming titles appeal to the newer generation gamers. The current gamer tends to look for more recent conquests every additional time. Thus, in as much as a classic like Pokémon keeps doing well, it is not the market indicator. While cryptocurrencies might draw the players, they might start looking for newer adventures. 

Even with the challenges, the new Atari crypto-enabled games console has a shot at success. The main reason is the current upsurge of crypto use following coronavirus. Most entities had projected reduced spending. 

While the fiat currencies are struggling, cryptocurrencies are on the rise. They have become the alternative to stocks. The change means most merchants accept cryptocurrencies as a payment method. 

The need for cryptos has even led to newer operations within the crypto exchanges. Coinbase has introduced a way to withdraw fiat currencies instantly. This is different from the previous withdrawals that would last for 3 – 5 business days. 

Bitcoin, Ethereum, and all the other cryptocurrencies have had a good run. The same is likely to brush on the Atari token. It might be a way to usher in a crypto-centric gaming world.

Can the Current Crypto State Accommodate Crypto Gaming?

Cryptocurrencies are one of the best innovations in the world today. Even though most people would argue the internet takes the lead. Either way, cryptos have surpassed all the expectations. 

Satoshi Nakamoto introduced Bitcoin as a possible alternative to the fiat currency economy. The main aim is to avoid the possibility of another financial crisis. Years later, there are over 7,000 cryptocurrencies to choose from. Other than the financial sector, blockchain technology is getting to gaming.

The concern, though, is how the current gaming landscape fits virtual currencies. 

Gaming has involved virtual currencies for the longest time ever. Even the days when Atari was the main act, gaming gold was already a thing. Gamers would gain gold, bypassing more challenges. They would then use the gold to open more levels and super characters. 

Cryptocurrencies can merge with the current gaming landscape. Given gamers already understand currencies, they can substitute it with the tokens. It is even better as one earns real tokens; they can even withdraw.

Cryptocurrencies are also likely to improve competition. Before, winning only came with bragging rights. Cryptos now allow winners to earn in the process. The possibilities mean crypto-based game console might soon become the trend.

Bottom Line 

Joining the cryptocurrency world is a hit and miss venture. Nothing is ever assured as the sector is still finding its footing. Atari's crypto-enabled games console is another product aiming for the crypto world.

The gaming platform, though, has a long way to go before becoming the mainstream option. It faces competition from the top brands. These brands embrace innovations. It's not given that they would not join the crypto currency world anytime soon. 

No matter how it turns outs, Atari's entry is excellent for cryptocurrencies. It is likely to spur a needed growth pattern. The other competition will offer competition as they look to gain the new market. Better still, most gamers are crypto enthusiasts. They are the likely team to gain the most. 

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