In a statement released Monday by the former video game giant Atari, it said it had terminated all licensing agreements with its joint venture partner ICIC. BGroup) and its affiliates.
Previously, the two co-created Atari Chain with the Atari Token. However, the company has changed its position regarding the deal, and has announced that it is disclaiming interest in the joint venture, saying that ICIC is not authorized to represent Atari or its brands in any way.
From now on, Atari plans to create, distribute, and manage a new token focusing solely on gaming, community, and utilities. But it looks like there will be some relief for ATRI investors, according to Cowen Telegraph.
As Atari explained, the company took a screenshot of the ATRI property as of April 18, 2022, at 6:00 PM CET. Atari will then implement a new token futures exchange for ATRI tokens held at that time.
The company said that only tokens in wallets as of the snapshot and in amounts equivalent to those captured in the snapshot will be eligible. Any tokens gained after the snapshot will not be eligible.
Atari has been an active player in the cryptocurrency space, with a heavy emphasis on developing non-destructible tokens.
