ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Cheese, Is Releasing an NFT. For the so-called father of the video game industry, perhaps it was only a matter of time. An NFT of the Pong arcade game, which will be rendered in a video and through augmented reality.

Detailed explanation-2: -Before he turned 40, Nolan Bushnell founded two brands that permanently shaped the way Americans amuse themselves: the iconic video game system Atari, and the frenetic family restaurant Chuck E. Cheese’s.

Detailed explanation-3: -Nolan Kay Bushnell (born February 5, 1943) is an American businessman and electrical engineer. He established Atari, Inc. and the Chuck E. Cheese’s Pizza Time Theatre chain.

Detailed explanation-4: -Chuck E. Cheese’s was founded by Nolan Bushnell in 1977, the same year he sold his company, Atari (makers of Pong) for $28 million. The previous year, Steve Jobs, who worked briefly for Bushnell at Atari, offered Bushnell a 1/3rd interest in the newly founded Apple Computer, for $50, 000.

Detailed explanation-5: -As the inventor of Pong, Nolan Bushnell is considered by many to be the “father of electronic gaming.” He was born in Utah in 1943 and grew up a tinkerer, playing with electronic ignition systems and a roller-skate-mounted liquid fuel rocket in his garage.