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Gaming giant Atari has abandoned plans to treat its Atari X initiative for the Web3 ecosystem as a standalone business unit.
BlockBeats News, July 9th, according to Globenewswire report, arcade game giant Atari disclosed in its latest annual revenue report that it plans to adjust its Web3 ecosystem initiative Atari X. The initiative was initially aimed at driving the development of a Web3 blockchain ecosystem to connect gaming, utilities, and the community together and explore token issuance. However, according to the latest data, the transaction volume of Atari X was too small (only 100,000 euros in the 2024 fiscal year), so it is no longer treated as a standalone business line and the strategic focus will continue to be on the core video game business.
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