As per press release published on Dec. 18, gaming tycoon Atari has partnered with blockchain startup Animoca Brands to make blockchain versions of mobile games such as ‘RollerCoaster Tycoon Touch’ and ‘Goon Squad’ globally, except China, Hong Kong, Taiwan, and Macau.
In this regard, Animoca Brands and Atari also entered into a memorandum of understanding (MoU) to develop a strategic partnership to explore mutual opportunities in gaming, product development, blockchain technology, and other areas.
Frédéric Chesnais, the main shareholder and CEO of Atari, commented:
“We are proud and delighted to enter into this long-term and strategic relationship with Animoca Brands, which also allows us to become a shareholder in one of the most exciting innovators in the world of decentralized gaming. We hope that this agreement paves the way to further cooperation with other Atari products.”
Yat Siu, the co-founder, and chairman of Animoca Brands said:
“This deal marks a special moment for me because I started my career working with Atari and using Atari computers. The RollerCoaster Tycoon franchise is, like many of Atari’s properties, a true evergreen, having been around for two decades. Given the strategic and commercial elements of this incredibly fun simulation, it is a perfect candidate for blockchain adaptation.”
Animoca Brands expects to publish the games in the latter half of 2019. The term of the Agreement extends through to 31 March 2022.
As per the deal, Animoca Brands will pay Atari a minimum guarantee against future revenues of US$250,000, payable in shares of the company’s stock. A revenue share will be payable to Atari after gross revenues generated by the games exceed a total of US$500,000.
Founded in 1972, Atari owns and/or manages a portfolio of more than 200 games and franchises. They deliver attractive online games for smartphones, tablets, and other connected devices. It also develops and distributes interactive entertainment for Microsoft and Sony game consoles
Link to the original news article can be found here.
In other news, TRON, one of the most popular dApp platforms, is establishing a blockchain game fund named TRON Arcade. The company is looking to invest up to $100 million in gaming projects over the next 3 years. Click here for the complete news article.