Popular video game developer Atari has entered into a strategic partnership with Polygon — formerly known as Matic Network — to build products on Ethereum layer 2, Polygon said in a blog post on Friday.
According to the announcement, Atari plans to leverage Polygon’s layer 2 solution to improve the scalability of its ATRI token, as well as make use of the low-cost ecosystem to explore the minting of non-fungible tokens (NFTs) and other token-related products. The co-founder and COO of Polygon, Sandeep Nailwal, stated that the future of “consumer-friendly blockchain products” lies on layer 2. He added:
“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.”
Thanks to the partnership, the game developer will be able to benefit from Polygon’s scalable network, which is interoperable with the Ethereum network through the Polygon Bridge. In addition, Atari plans to launch an NFT minter on Polygon’s network, in order to enable ATRI token holders to easily issue NFTs, which can then be exchanged and sold on NFT marketplaces.
ATRI is an ERC-20 token — launched in November 2020 — which was the first successful IEO held on Bitcoin.com. At the time, the token was sold at $0.25 a piece — with an initial market cap of $17,200,000 — but is currently being traded at $0.13, with a 24-hour trading volume of $138,154. According to its website, the Atari Token mission is to “bring decentralization and universality to the video game and interactive entertainment industry”, with its use being as a utility token across video games.