Ethereum based Atari (ATRI) altcoin According to data from Coin Market Cap, it has lost more than 30% in the last 24 hours.
However, Atari is trading around 98% lower than its all-time high.
Why Did Altcoin Price Drop?
The big drop in altcoin came after the company’s blog post.
One of the most iconic brands in the gaming world, announced in its announcement that it has terminated all its license agreements with the ICICB Group and all its subsidiaries. This move of the company cryptocurrency interpreted as moving away from the world.
ICICB Group collaborated with the legendary game company Atari and launched the ATRI token initiative with Atari Chain.
This cryptocurrency was intended to be a reference project for the entertainment industry.
The company also launched the Atari decentralized exchange (DEX), allowing users to receive ATRI, ETH and FTM allowed him to trade the token.
Last February, Atari launched Ethereum’s popular layer 2 solution, polygon announced a strategic cooperation with
With the expiration of the license agreement, ICICB Group will not be able to use Atari brands in any way.
In addition, the company said in a statement on its website that whitepaper documents and social media accounts related to ATRI tokens are unlicensed and unapproved.
Atari Company Says It Will Maintain Interest In Cryptocurrency
Breaking ties with ICICB Group, Atari announced that despite this, they still show interest in crypto money and Blockchain technology, so new token distribution continues to existing ATRI token investors.
*Not investment advice.