Atari Sells Rights to Make Blockchain Versions of Mobile Games

Nuno Teodoro

Yesterday (Dec 18), it was announced a license agreement between Atari Inc. and Animoca Brands Limited. The agreement grants Animoca Brands the rights to create blockchain-based versions of popular mobile game titles RollerCoaster Tycoon and Goon Squad.

The agreement is valid until April 2022 and allows the publishing of the games globally, with the exception of Greater China (Hong Kong, China, Taiwan, and Macau).  

The companies also developed a strategic partnership that will look to explore mutual opportunities in blockchain, gaming, and product development. Frédéric Chesnais, the CEO of the Atari Group said:

“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 commercial agreement will require Animoca Brands to pay Atari in shares of the company. Below are the commercial details of the agreement:

“As consideration for the license to develop and publish the Games, Animoca Brands will pay to Atari a minimum guarantee against future revenues of US$250,000, payable in shares of the Company’s stock at a price per share of A$0.11 (amounting to 3,125,000 ordinary AB1 shares); this fee is recoupable against revenue generated by the Games. A revenue share will be payable to Atari after gross revenues generated by the Games exceed a total of US$500,000.”

Atari has been present in almost the entirety of video game history. The company is known for releasing one of the first ever consoles - Atari's Home Pong console - and for creating many well known gaming franchises, such as Tetris, Pac Man, and Space Invaders. Having such a well established gaming company adopt blockchain technology is a great milestone in both the crypto and gaming industry.

RollerCoaster Tycoon and Goon Squad

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Atari is lending the license of a franchise that has been around since 1999, RollerCoaster Tycoon. The mobile version of the popular theme park management simulation game counts with over 19 million downloads. Yat Siu, co-founder and chairman of Animoca Brands, was very pleased with the commercial agreement:

“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.”

Also included in the deal is Goon Squad, a multiplayer card-based strategy game launched in 2017.

Animoca Brands expects to publish both games by the second half of 2019. The new titles will integrate blockchain technology and non-fungible tokens (NFTs). This will ensure that items are unique and cannot be copied, while guaranteeing  a virtual economy that is transparent and decentralized.

$1.5 Billion Hedge Fund Ulysses Capital Invests in NULS (Again)

NULS, a blockchain designed to enable customizable modules and cross-chain operability, has secured investment from Ulysses Capital, a Los Angeles-based family office managing roughly $1.5 billion worth of assets.

Commenting on his fund’s investment in a blog post published by NULS was Joon Lee (Fund Manager, Ulysses Capital), who praised NULS’ “strong technical team” for sticking to their roadmap; something “we don’t often see” occur in the crypto space, he added.

If anyone was to know how diligently NULS abides by their roadmap, it would be Ulysses Capital. Indeed, the investment into the enterprise- and developer-focussed blockchain project was not the first for the long/short hedge fund.

It was only last October when Ulysses Capital – who at the time had “recently established a crypto fund to invest in cryptos and blockchain companies” – invested directly into NULS’ same-named cryptocurrency.

For Ulysses Capital, the initial investment into NULS doubled as a strategic partnership. According the October announcement, Lee shared his fund’s intention was to “build a win-win relationship with [NULS] by creating more opportunities for NULS in the future.”

NULS Seeing A Lot of Investment

Notably, Ulysses Capital is not the only crypto-specific fund in recent times to have seen potential value in NULS. Late last month, BlockGroup, the parent company of the BlockVC, announced their investment in NULS through its newly established $200 million crypto fund. As was the case with Ulysses Capital and their crypto-specific fund, NULS represented the first investment by BlockGroup’s.

As for how NULS is tracking as a project, the team is currently testing their recently released alpha version of NULS 2.0. Promisingly for investors such as Ulysses Capital and BlockGroup, NULS revealed in today’s investment announcement it “has multiple enterprises and individuals participating in the 2.0 alpha test and is currently considering additional participants to join the environment.”

Announced last November, NULS 2.0 represents a “new modular architecture enhanced with microservice suites, that have no programming language limitations.” Prompting the design overhaul was the core team’s realization that, whilst NULS 1.0 achieved “the modular effect at the coding paradigm level,” it was far too constraining for developers. For CryptoGlobe readers wanting to learn more about the benefits of NULS 2.0 – especially as it relates to NULS 1.0 – we recommend reading this detailed blog post.