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The blockchain-based versions of the Atari games RollerCoaster Tycoon Touch and Goon Squad will feature the integration of non-fungible tokens. The release of the updated blockchain versions is expected to commence in the second half of 2019.
The game industry is currently one of the most impacted by blockchain sectors. The penetration of the distributed ledger technology into video gaming is only contributing to the growth of the industry. A prime example is a giant video game company Atari which has recently partnered with blockchain startup Animoca Brands to make blockchain versions of two popular mobile games, RollerCoaster Tycoon Touch and Goon Squad.
Atari® partners with Animoca Brands to make blockchain versions of Atari games RollerCoaster Tycoon® Touch™ and Goon Squad™
— animocabrands (@animocabrands) December 18, 2018
According to the press release published on Tuesday, Animoca Brands will have the rights to produce and publish blockchain versions Atari games RollerCoaster Tycoon Touch and Goon Squad globally, excluding China, Hong Kong, Taiwan, and Macau.
RollerCoaster Tycoon Touch has over 19 million downloads globally. The iconic game is focused on building and managing an amusement park, in order to attract more visitors to ensure the park’s continued success. As the press release states, the game has seen a boost from a “Water Park” expansion, as well as new restaurant features in partnership with “Foodgod” Jonathan Cheban.
As for Goon Squad, this game drops players into an underworld ruled by mobsters, gambling and fast-paced card battles. The goal of players is to rise from a lowly Goon to the respected Godfather.
As a result of the agreement, the updated versions of the games will feature the integration of non-fungible tokens (NFTs).
Frederic Chesnais, the CEO of Atari, commented on the deal:
“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 on other Atari products.”
The co-founder of Animoca Brands Yat Siu is excited about the deal as well:
“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.”
According to the announcement, Animoca intends to release the updated blockchain version of Atari’s mobile games in the second half of 2019, with the licensing agreement valid till March 31, 2022.
As consideration for the license to develop and publish the Games, Animoca Brands will reportedly pay to Atari a minimum guarantee against future revenues of US$250,000. The sum will be paid 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.
As the press release reads, the shares offered in consideration to Atari will be subject to a lock-up period of nine months from the effective date and will be released from lock-up in a phased schedule extending till the end of August 2019.