A lot is happening on the blockchain right now, and it seems that gaming is all the craze. Ronin Network is a blockchain designed for gaming. It’s compatible with the Ethereum Virtual Machine (EVM). Ronin powers top Web3 games like Axie Infinity and Pixels. Its goal is to provide the full-stack infrastructure needed for blockchain game success.
Key Information
| Feature | Details |
|---|---|
| Blockchain Type | EVM-compatible Layer 1 |
| Key Games | Axie Infinity, Pixels |
| Consensus Mechanism | Initially PoA, transitioned to DPoS |
| Developer Tools | Mavis Hub, Mavis Market, Mavis Account |
| Community | Over 1.37 million daily active users by May 2024 |
| Fundraising | $172 million across four funding rounds |
| DeFi Protocols | Katana DEX, Ronin Bridge, Ronin Staking, MetaLend, Sablier |
| Wallet | Ronin Wallet (browser extensions and mobile apps) |
| Native Token | RON (used for transaction fees, staking, and NFT marketplaces) |
| Future Plans | Explore ZK rollups, enhance Mavis Suite, improve scalability and monetization |
About Ronin Network
Ronin Network is a state-of-the-art blockchain crafted for Web3 gaming. It is an EVM-compatible Layer 1 and developed by Sky Mavis. They are the creators of Axie Infinity; Ronin supports games where players own and trade in-game assets.
Ronin’s testnet launched on December 23, 2020, and the mainnet on February 1, 2021. These launches were part of Sky Mavis’ strategy to expand beyond a single game, aiming to build a diverse gaming ecosystem. This vision is becoming a reality as Ronin evolves into a foundational platform for blockchain gaming.
The Team Behind Ronin Network: Sky Mavis
Sky Mavis created the Ronin Network to provide economic freedom, starting with gamers. They are best known for Axie Infinity, a groundbreaking Web3 game. Sky Mavis has proven its ability to drive mass adoption in blockchain gaming.
Sky Mavis provides essential tools for game developers. These include:
- Mavis Hub: A launchpad for blockchain games.
- Mavis Market: The first NFT marketplace on Ronin.
- Mavis Account: Connects users to Sky Mavis’ products.
Sky Mavis is based in Vietnam and Singapore and has over 250 employees worldwide.
Ronin Network: How does it Work?
At first, Ronin Network used a Proof of Authority (PoA) consensus mechanism. This was a select group of validators that maintained the network and verified transactions. What’s good about the PoA is the fact that it’s energy efficient. It also supports fast transactions at low costs but lacks decentralization.
To improve decentralization, Ronin transitioned to Delegated Proof of Stake (DPoS). This allows any Ronin token (RON) holder meeting certain criteria to become a validator. This shift increases decentralization while maintaining the benefits of PoA, like quick transactions and low fees. Token holders delegate stakes to elect validators, with penalties for malicious behavior.
Benefits of Ronin Network
Ronin Network offers several benefits to studios and developers:
- Specialized Gaming Infrastructure: Designed for gaming, it ensures seamless integration and exceptional performance. Transactions are nearly instant and cost less than $0.001. EVM compatibility simplifies development.
- Active On-chain Community: Ronin has a large, active gaming community. Daily active users jumped from 16.97K in October 2023 to over 1.37 million in May 2024.
- Proven Publishing Expertise: Sky Mavis’ team has deep expertise in creating and promoting Web3 games. They offer the Mavis Suite and Ronin products for game development.
The RON Token
The RON token is the native token of Ronin Network. It is used for transaction fees, staking, and pricing assets in NFT marketplaces. The total supply is capped at 1 billion tokens, with distribution over 108 months. RON holders enjoy exclusive benefits like airdrops and whitelist opportunities.
What does the Ronin Network Offer?
Ronin has grown from supporting Axie Infinity to a thriving gaming chain with diverse offerings.
Games
- Axie Infinity: A virtual world where players battle, breed, and collect Axies. It pioneered play-to-earn economies.
- Pixels: A Web3 farming game where players cultivate resources and trade goods. It saw significant growth in Ronin.
NFTs
- Mavis Market: A generalized NFT marketplace that supports creator royalties. Notable success includes the Kaidro game’s NFT mint.
DeFi
- Katana DEX: Ronin’s native decentralized exchange. Ronin Bridge, Staking, MetaLend, Sablier: Other DeFi protocols on Ronin.
Wallet
- Ronin Wallet: The primary gateway for millions of gamers. It offers browser extensions and mobile apps for easy access.
Where will Ronin Network be In the Future?
Ronin plans to continue enhancing its network. They aim to balance security, scalability, and decentralization by exploring scaling strategies like Zero-Knowledge (ZK) rollups. Plans include improving Mavis Suite products to reduce development time and enhance monetization for Web3 games.
Ronin Network is tailored for gaming, offering seamless integration and fast transactions. As it evolves, it aims to become the go-to blockchain for Web3 gaming. With strategic improvements and a growing ecosystem, Ronin is poised to make a significant impact in the gaming world.
Disclaimer
FAQ
Ronin Network is an EVM-compatible Layer 1 blockchain designed specifically for gaming. Developed by Sky Mavis, it supports popular Web3 games like Axie Infinity and Pixels, aiming to provide the necessary infrastructure for blockchain gaming success.
Ronin Network initially used a Proof of Authority (PoA) consensus mechanism but transitioned to Delegated Proof of Stake (DPoS) to enhance decentralization. This allows RON token holders to become validators and helps maintain fast, low-cost transactions.
Ronin Network offers specialized gaming infrastructure, nearly instant and cost-effective transactions, EVM compatibility, and a large, active on-chain community. It also provides proven publishing tools through the Mavis Suite.
