Atari is teaming up with Republic Realm to launch gift NFTs (GFTs) to celebrate its 50th anniversary. The GFTs will be the first to launch on Republic Realm’s new platform, GFT Shoppe.
Atari’s Commemorative GFT collection with Republic Realm
Atari’s GFT sale goes live today, February 1st. The collection of 10 GFTs is celebrating the legendary game company’s 50th anniversary. Indeed the GFTs will feature Atari products like the iconic Atari 2600 console, as well as some fan-favorite games such as Combat, Swordquest, Asteroids, Centipede, and more.
Atari CEO Wade Rosen said about the drop with Republic Realm, “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?”
What are GFTs
GFTs are simply NFTs specifically for gifting to other people. They use the Ethereum blockchain and come in a digital gift box. Then the GFTs “unwrap” on a certain date, depending on the collection they are a part of. Given that the GFTs come in a digital box, you can send them directly to the recipient’s crypto wallet.
Republic Realm is pioneering the new concept, while the Atari GFTs are its first ones ever. The GFT Shoppe is a metaverse-based e-commerce platform and retail store where Republic Realm will sell the GFTs. As is becoming more popular in the NFT space, users can either buy GFTs with crypto or a credit card. Not to mention that the GFT Shoppe also has a virtual storefront in Decentraland.
Evidently, Republic Realm is betting on continued growth in the NFT space with this new GFT concept. To that end, it answers the question “Why should I buy a GFT?” on its website, in part by saying, “GFTs are the most on-trend gifts to buy this year. GFTs won’t be delayed by Amazon. They won’t be damaged by UPS. You don’t need to sit in traffic to buy them at the mall. They’re the ultimate gift.”