This card sounds like a great way for red to punish players who lean too far into artifacts while allowing you to create some Treasures at the same time
While powerful, we doubt this iteration of Atraxa will hold a candle to her older form, which is fair, since that one is the most popular MTG commander of all time
Later on, you can cast the Dawn half from your graveyard to bring back all your little guys, turning a wipe into a sneaky rebuild
Fog (and Friends) The classic option to prevent all combat damage is Fog, which has interestingly seen several functional reprints that were color-shifted in Ethereal Haze and Darkness
We saw this not too long ago with Wilds of Eldraine, which catapulted Ashcoat from $35 to $70 for a few weeks
Ajani, Nacatl Pariah / Ajani, Nacatl Avenger Ajani, Nacatl Pariah is initially just an overstatted Raise the Alarm, but transforming it into Ajani, Nacatl Avenger is where the damage really starts rolling out