AD Gaming partner ATTARIUS Network has launched its ATRN utility token to create a comprehensive blockchain gaming ecosystem in Abu Dhabi – a first for the region. Through the token and ATTARIUS’ platform, game developers across the region can now develop games utilising the latest cryptographic technologies, and gamers will be able to earn through play-to-earn games.
Now available in a pre-launch phase ahead of its public IDO (Initial Dex Offering), the ATRN token provides utility to and acts as a foundation for the ATTARIUS Network and broader GameFi ecosystem, unlocking the full potential of the platform for both game developers and gamers alike. A total of eight million ATRN will be available during the pre-launch phase.
Targeting the long-term growth of Abu Dhabi’s thriving gaming sector, AD Gaming is establishing a comprehensive community that allows game developers and publishers to connect with gamers across the world. This latest announcement further enhances the existing ecosystem, allowing game developers in Abu Dhabi to build their games on the blockchain using a bespoke API (Application Programming Interface) provided by ATTARIUS.
According to a report published by DappRadar and Blockchain Game Alliance, the blockchain gaming industry grew 2,000% last year, and is projected to reach global revenues of $40 billion by 2025.
Hussain Alomaeirah, Co-Founder, Chairman and Managing Director at ATTARIUS Network, commenting on the announcement, said: “ Our utility token ATRN, serves as the foundation for ATTARIUS Network and GameFi ecosystem, it will provide a slew of advantages to the token holders, unlocking a full potential of the platform. Through the integration of blockchain technologies, smart contracts, NFTs and cryptocurrency, ATTARIUS Network will provide the best ecosystem, that will be the getaway for the game studios who want to build in Web3. Innovative content creators and their end users are the ones our product is catered to - we are building with a mission to promote mass adoption of the blockchain based gaming, ensuring further evolution in the industry overall.”
ATTARIUS has already launched a wallet, which will allow users to interact with all future components of the ecosystem. The ATTARIUS Wallet MVP can be downloaded on the Google Play and Apple App stores.
James Hartt, Director of Strategic Initiatives and Business Development at AD Gaming, said: “Blockchain-based games have the potential to transform the entire industry as game developers across the world try to modernize the financial models of their games whilst simultaneously provide value-creating opportunities and enhanced experiences for their consumer base. As a world-leading destination for gaming businesses of all sizes, AD Gaming is proud to support its partners as we collectively grow Abu Dhabi’s exciting gaming industry. This latest announcement from ATTARIUS demonstrates the high levels of innovation happening in Abu Dhabi.”
AD Gaming is a collaborative initiative that brings Abu Dhabi’s gaming sector under one roof, allowing for a concerted effort in growing the economically significant sector. The initiative is currently supported by over 25 partners including twofour54, Unity Technologies, Flash Entertainment, UAE Pro League, Emirates Esports Association, the Media Zone Authority, and ATTARIUS Network.