Atari Shifts Focus from Web3 Initiative to Core Gaming Business

According to PANews, Atari, a leading arcade game company, has announced plans to adjust its Web3 ecosystem initiative, Atari X, as revealed in its latest fiscal year earnings report. Initially aimed at creating a Web3 blockchain ecosystem to connect games, utilities, and communities while exploring token issuance, Atari X has been deemed too small in scale, with transaction activities amounting to only 100,000 euros in the 2024 fiscal year. Consequently, Atari will no longer treat it as a separate business line and will instead concentrate on its core video game operations. The report, which covers data up to March 31, 2025, indicates that the company's revenue reached 33.6 million euros, marking a 63% increase compared to the previous year.