Atari will adjust its Web3 ecosystem development plan after noting limited trading activity, refocusing on traditional gaming.
The latest financial report shows that Atari's revenue increased by 63% to 33.6 million euros in fiscal year 2024, but the operation of the Atari X Web3 ecosystem only reached 100,000 euros, causing the company to change its development strategy.
MAIN CONTENT
Atari adjusted its Web3 strategy due to low trading of Atari X.
The Web3 ecosystem is no longer a separate business segment of the company.
Total revenue for fiscal year 2024 increased by 63%, reaching 33.6 million euros.
What decision did Atari make regarding its Web3 ecosystem plan?
Atari's CEO officially announced that the Web3 ecosystem Atari X will no longer be considered a separate business segment due to low effectiveness, instead focusing on strengthening the traditional video game sector. This is based on the latest financial report updated to March 31, 2025.
"Atari X's Web3 operational revenue is too small, only 100,000 euros in fiscal year 2024, and cannot be maintained as a separate segment."
Quote from the CEO of Atari, 2024 Financial Report, July 2024
Atari X's initial plan aimed to develop a Web3 ecosystem connecting games, utilities, and communities through Token releases. However, the implementation did not meet expectations in terms of both trading and business effectiveness, prompting the publisher to shift priorities.
What is Atari's revenue and financial situation in fiscal year 2024?
Atari reported revenue of up to 33.6 million euros, an increase of 63% compared to the same period last year, an impressive figure affirming a strong recovery in the traditional gaming industry, thanks to a proper focus on core business.
"The 63% revenue growth in 2024 demonstrates the brand strength and the importance of the traditional gaming sector for Atari's sustainable development."
Market analysis, CFO of Atari, July 2024
The revenue figure confirms that the decision to refocus on video gaming is a reasonable step to maintain and increase shareholder value while minimizing risks from Web3 projects that have not made breakthroughs.
What is the impact of the strategy change on Atari's future and the cryptocurrency market?
The decision to adjust the Web3 plan shows that major companies remain cautious about the prospects of cryptocurrency and Blockchain development in the entertainment industry. Atari focuses on leveraging its core strengths while closely monitoring the progress of new technologies.
This also reflects the general trend, as many corporations shift from experimental models to reassessing the feasibility of cryptocurrency-related projects to protect long-term interests.
Comparison of Atari's revenue and investment: Web3 ecosystem and traditional gaming
Atari X Web3 Ecosystem Criteria (2024) Traditional Gaming Segment (2024) Revenue 100,000 euros 33.5 million euros Revenue Contribution Rate 0.3% 99.7% Business Status No longer a separate segment Strategic Focus
Frequently Asked Questions
What is Atari X and why did it fail?
Atari X is a Web3 project integrating games with tokens, but its business performance is low, with transactions only reaching 100,000 euros in 2024, so it cannot be maintained separately.
Which area will Atari focus on after the adjustment?
Atari focuses on developing traditional video gaming, where revenue constitutes the majority and the company has long-term strengths.
What is the percentage increase in Atari's revenue for 2024?
Revenue increased by 63% compared to the previous year, reaching 33.6 million euros, demonstrating strong growth in the core business.
How does the strategy adjustment affect the corporation?
The decision helps Atari minimize risks from the nascent cryptocurrency market, maintaining stability by relying on the traditional gaming industry.
Does the new strategy reflect cryptocurrency market trends?
Many large companies are carefully reassessing cryptocurrency projects, opting for sustainable development and being cautious with new technologies.
Source: https://tintucbitcoin.com/atari-ngung-phat-trien-web3-tien-dien-tu/
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