Anthony Di Iorio - co-founder of Ethereum and cryptocurrency wallet Jaxx - has been named as part of the team behind Atari’s new cryptocurrency.
According to the report in Fortune, the leading crypto-entrepenuer has been named as honorary co-founder of Atari’s blockchain project that encompasses the Atari Token and the Atari Platform Network - after he invested his own funds in the network.
In a statement, the crypto veteran explained:
“As someone who grew up in the Atari age, and who understands the importance of how products are designed and developed, it’s extremely encouraging to see teams with vast experience creating systems that are not just user-friendly, but scalable and functional,”
While specifics about the new token are not clear, the token is believed to be designed for use with digital gaming platforms, while another token being worked on by the platform - Pong token - will be used for online casinos.
Declaring their crypto plans in February, shares in Atari surged more than 60% following their announcement. CEO and Chairman Frederic Chesnais emphasised how the company sees blockchain figuring prominently in their future:
“Blockchain technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions.”
One of the pioneering video-game companies of the 1970s, Atari was responsible for bringing gaming to a mass audience, before the company collapsed catastrophically in the early 80s. Now based in Paris, this latest foray into the Blockchain space by the former giant will no doubt benefit from having such an experienced crypto veteran on board.