This isn't great news for those who own ATRI tokens. CoinMarketCap data shows that, at the time of writing, the altcoin's value has plunged by 30% in the space of nine hours.
In an attempt to make existing token holders whole, the company announced that it plans to "create, distribute and solely manage a new proprietary token with a focus on gaming, community and utility." But challenges will lie ahead, not least because many in the gaming community have expressed disdain for non-fungible tokens β complaining they bring further monetization while failing to enhance gameplay.
A number of major brands have made big bets on blockchain technology and non-fungible tokens in recent years, but many business ventures have struggled to achieve success.
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Atari Token Plunges 30% After Gaming Company's Shock Announcement | CoinMarketCapThe gaming company is no longer associated with Atari Tokens, but is promising to release a new token to compensate investors. ATRI fell by 30% in nine hours. SMCS Meme token Now on pre sale! Not financial advice! Please read through the website and the YouTube stream s information to learn more about it. Help our communities! SpectreWallet is the Native token driving our vision of a completely anonymous digital asset management platform, the SpectreWallet. Team Doxxed Partnership & KYC verified Contract Audited by HashEx Staking and NFT's At this point I'll probably just hold usdt till it reaches $100 Wish me luck
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