Ronin is a blockchain platform specifically designed for play-to-earn games. It is based on the Ethereum Virtual Machine (EVM), which means it can execute smart contracts and decentralized applications just like Ethereum. The most popular game on Ronin is Axie Infinity, a digital collectibles game that has seen significant growth since its launch on the platform.
Ronin was created by Sky Mavis, a technology-focused game developer. Sky Mavis's vision for Ronin is to make it the go-to platform for launching Axie-related games and NFT games from other developers. The team at Sky Mavis continues to work on improving and expanding the Ronin platform, with plans to further decentralize by opening up its validator application process in 2022.
The native token of the Ronin platform is RON. The total supply of RON is capped at 1 billion tokens. These tokens are distributed through an incentivized liquidity program, with issuance set to be reduced every quarter. The full supply of RON will be reached 294 months after issuance begins.
RON tokens can be purchased on several cryptocurrency exchanges, including OKX, Gate.io, and Jubi. These platforms offer a variety of trading pairs, allowing users to exchange other cryptocurrencies for RON.
Ronin is primarily used for play-to-earn games like Axie Infinity. The platform offers fast and cheap transactions, making it ideal for games that require a high frequency of transaction confirmations. Additionally, Ronin's bridge allows users to withdraw Axie assets back to the Ethereum mainnet, enabling players to profit from their gaming activities.
In recent news, Ronin has seen significant growth in its user base and transaction volume. In its first nine months, the platform has accumulated 250,000 unique daily active addresses, over 2 million wallet downloads, and has handled 15% of all NFT transactions on the market. Its decentralized exchange, Katana, is the second-most popular DEX by weekly active users. These developments highlight the growing popularity and success of the Ronin platform in the crypto gaming space.
Recent news about Ronin reveals a significant expansion in its gaming ecosystem. The blockchain network has partnered with four gaming studios to create a more community-centric, rewarding, and fun gaming environment. The first gaming chain built and owned by gamers, Ronin is becoming a launchpad for Web3 games. The network also introduced The Machines Arena, a top-down PvE and PvP combat game, offering multiple game modes and challenges.
Ronin news today also highlights several technological advancements. The Ronin Wallet has launched a new social login feature, allowing users to create a wallet using their preferred email or social accounts. This feature maintains security through non-custodial Threshold Key Management. Additionally, Ronin has added 16 new validators to its Saigon Testnet, a crucial step in preparing for its migration to DPoS.
Ronin has unveiled a new feature that allows users to directly stake $RON tokens. This move is aimed at securing the network and offering generous rewards to users. An 8-year reward schedule has been designed, starting at 30M in Year 1 and ending at 6M in year 8. This strategy aims to make Ronin more decentralized and better sustained by transaction fees.
In response to past security breaches, Ronin has taken significant steps to bolster its security. Sky Mavis, the developer behind Ronin, has entered into a multi-year collaboration with Google Cloud to enhance the security of the network. By running a validator node on the Ronin network, Google Cloud will contribute to its collective security and governance. Additionally, measures have been taken to combat spam and bolster security, making it economically unfeasible for spam bots to profit.