On April 18, Atari reported the end of its collaboration with the ICICB Group and its subsidiaries with instant effect. Consequently, the Atari token fell sharply, reducing its value by 30% in just 9 hours. While investors are drowning in losses, the Atari company promises to take care of its supporters. Nevertheless, the exact timeframe for the arrival of compensation has not yet been determined, which worries its holders.
The Atari Token
In 2020, Atari partnered with the ICICB blockchain ecosystem to build a chain of Atari-branded hotels worldwide, promising to accept the ATRI token as an official payment way. Moreover, Over the years, with a furious epidemic, the deal fell through, and caused widespread unrest in the community. Thus, while the group is struggling to find solid ground, Atari Branded hotels appear to be a far dream. At least, they are currently.
The future of Atari
After the end of the collaboration, Atari remains energetic about upcoming efforts related to the blockchain. It will continue to access the strategic alliances and pursue sustainable investments in the space. In addition, Atari aims to develop, distribute, and manage a new proprietary token. With the major focus of the token on the game, utility and community. As NFT brands keep on developing a healthy ecosystem for their communities, it can be difficult to provide a stable currency to thousands of holders.
At exactly 12:00 pm local time on April 18, Atari took a photo of the present token holders. In the future, Atari will hold an upcoming token exchange for ATRI token holders at the time of the snapshot. Holders of ATRI tokens must submit their ATRI tokens to participate in the exchange. Information channels will be available when token information is announced. As owners wait for more details, Atari is working to grasp the parts.