Republic Realm, one of the “most active” developers of the Metaverse and NFT ecosystem, recently announced the introduction of the inaugural collection of GFTs in collaboration with Atari, one of the most “iconic” brands.
GFTs are NFTs specifically designed for gifting, and they “initially appear like wrapped gift boxes but “unwrap” on a specific date to reveal a surprise inside the box.”
As explained in the update from Republic, each GFT is an NFT, or a non-fungible token on the Ethereum blockchain. The inaugural edition of GFT collectibles is “designed to commemorate 2022 being Atari’s 50th year in business.”
As noted in the announcement, the Atari collection includes 10 GFTs “inspired by titles from Atari’s 50-year legacy in video games.” Each GFT will be “produced in a limited quantity, with some more rare than others,” the update revealed.
Wade Rosen, CEO of Atari, stated:
“The Atari brand is synonymous with video games, and video gaming is the backbone of the metaverse. What better way to commemorate Atari’s 50th anniversary than by ushering in a new era of technological innovation while also honoring the brand that launched the modern video game industry?”
The Atari Commemorative GFT is the first of many future GFT initiatives by Republic Realm based “around beloved brands which will be featured in the GFT Shoppe, a metaverse-based e-commerce platform and retail store.”
Janine Yorio, CEO of Republic Realm, remarked:
”GFTs are like Hallmark Cards for the next generation, a more exciting, meaningful gift than either a greeting card or a gift certificate. We are so excited to kick off the grand opening of Republic Realm’s GFT Shoppe with an iconic brand like Atari, and look forward to announcing more brand collaborations in the future.”
As explained in the update, GFT is a patented NFT tech “designed and developed by Republic Realm, the company best known for developing the record-breaking Metaflower Mega Yacht, an NFT yacht that sold for 149 ETH ($650,000) in the Sandbox metaverse.”
“The Atari GFT Commemorative Collection,” will be “available on February 1, 2022.”
For additional information, check here.
As noted in a release, Atari is an interactive entertainment firm and an iconic gaming industry brand that “transcends generations and audiences.”
The firm is recognized for its multi-platform, interactive entertainment and licensed products. Atari owns and/or “manages a portfolio of more than 200 unique games and franchises, including world-renowned brands like Asteroids®, Centipede®, Missile Command®, Pong®, and RollerCoaster Tycoon® and has recently launched the all-new Atari VCS videogame computer system.”
Atari maintains business offices in New York and Paris.
As mentioned in the update, Republic Realm an active investor in and developers of the metaverse real estate ecosystem “with the mission to become the leading and most trusted metaverse & NFT innovation and investment platform by building or buying companies to grow.”
Republic Realm invests in, manages, and develops assets “including NFTs, virtual real estate, metaverse platforms, gaming, and infrastructure and currently has holdings in 25 metaverse platforms, has developed six metaverse real estate projects, and owns over 3,000 NFTs.”
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