Popular video game producer Atari has entered into a strategic partnership with Polygon, a scaling solution to build on Ethereum’s Layer 2.
Announcing the new partnership via an official blog post, Polygon (formerly Matic Network) noted that Atari would leverage its Layer 2 solutions to improve the scalability of the Atari Token (ATRI), non-fungible tokens (NFTs) and token-related products.
🔥 Thrilled to announce Gaming Giant @atari is integrating Polygon, bringing their NFT & Token Products to Layer 2!
🚀 Polygon's L2 will increase the scalability of the Atari Token & NFTs, enabling the best experience for products in the Atari ecosystem.https://t.co/7lfX5rpeL2 pic.twitter.com/TgGEKtyK46
— Polygon (previously Matic) (@0xPolygon) February 26, 2021
The new partnership will also allow the integration of Polygon’s Layer 2 solution and Atari token on a scalable network that will be interoperable with Ethereum (ETH) via the Polygon bridge.
This will notably give Atari’s gaming users direct and easier access to NFTs as well as other token-related products. Additionally, Polygon noted that the low-cost ecosystem and fast confirmation times make Polygon’s L2 favorable for minting NFTs.
Expressing his excitement with the new partnership, Frederic Chesnais, Atari’s CEO, noted that the collaboration with Polygon would enable the gaming company to utilize Polygon’s Layer 2 solution.
“This will allow us to provide our users with the best possible experience when interacting with the Atari Token and our blockchain-related products,” he said.
Atari To Launch an NFT Minter
According to the announcement, Atari will also tap Polygon’s high throughput network to launch an NFT minter that will allow Atari token holders to issue NFTs that can be exchanged or sold on popular NFT marketplaces.
NFT trading will begin on OpenSea, the purpose-built digital marketplace. Notably, due to the partnership, Atari can now enjoy the speed, tooling, community, and scalability features that the scaling solution offers.
Sandeep Nailwal, co-founder and COO of Polygon, is also delighted with this new partnership. He noted that the collaboration happened due to the scaling solution’s belief that consumer-friendly blockchain products’ future, including gaming and NFTs, lies on Layer 2.
He said, “We’re delighted to partner with Atari to explore ways to add utility to its entertainment ecosystem and develop ways of capturing the full value of Atari Token and supplementary products, operating on Polygon’s scalable network.”
John Lilic, Managing Director for Global Business Technology Development, Strategy, and Operations at ConsenSys, via his Twitter account, also expressed his joy with the new collaboration.
I'm am a very old fart, and maybe most of you are too young to even know @atari, but this is incredible news and today is one of the greatest days of my professional career @0xPolygon #Ethereum #L2Ethereum 🥳🎉🚀 https://t.co/wXzV8luqtK
— John Lilic (@JohnLilic) February 26, 2021
At the time of publication, Atari’s (ATRI) token price has dropped by 0.5% in the last 24 hours. It was trading at $0.147672, with a market cap of $59,061,978 and a 24-hour trading volume of $143,140.
Join Altcoin Buzz on Telegram to receive free trading signals.
Find out more about the crypto space on the Altcoin Buzz YouTube channel.