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Ronin Network Transforming Web3 Gaming

This guide dives into the essence of Ronin Network, its impact on web3 gaming, and how it’s shaping the future of digital entertainment.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

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In the dynamic realm of web3 gaming, Ronin Network emerges as a game-changer, providing an innovative solution to longstanding challenges in the blockchain gaming space. Developed by Sky Mavis, the visionary mind behind Axie Infinity, Ronin is a blockchain designed to enhance the gaming experience, tackling issues such as high gas fees and sluggish transaction speeds on Ethereum. In this guide we dive into the essence of Ronin Network, its impact on web3 gaming, and how it’s shaping the future of digital entertainment. Ronin's capability to process 100,000 transactions per second and its transition to Delegated Proof of Stake (DPoS) underlines its commitment to efficiency. The move from Proof of Authority (PoA) to DPoS enhances decentralization, ensuring both speed and security, essential for a seamless gaming experience.

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In November 2023, the migration of Pixels, a popular game, to Ronin showcased a strategic move to diversify the network's game portfolio and IP. This transition not only expanded Ronin's offerings but also increased network activity, solidifying its role as a hub for top-tier gaming projects in web3. Insights from Nansen highlight that Ronin now hosts over 150,000 Unique Active Wallets (UAWs), with on-chain transactions surpassing 500,000 as of November 20th. Simultaneously, the native token RON is on the rise - experiencing a 13% increase, reaching a price of approximately $0.68, according to CoinGecko data. This adds to a moderate 37% rise over the course of a week and a steady 59% increase in a period of 30 days, indicating Ronin's growing influence within the web3 gaming ecosystem.

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Introduced in January 2022, the RON token plays a vital role in Ronin's functionality. Facilitating efficient token swaps on the Katana exchange and enabling staking in the DPoS network, RON adds versatility. Despite market fluctuations, RON remains a fundamental component in Ronin's economic model. According to data from DappRadar, in November 2023 the RON token cost $0.781, with a market capitalization of $208 million. However, the token’s all-time high was $4.30 in January 2022, and its lowest value recorded at $0.20 in November of the same year.  For seamless interaction with Ronin, users are recommended to utilize the purpose-built Ronin Wallet. While MetaMask remains an option due to EVM compatibility, the Ronin Wallet offers comprehensive support for the network's features, ensuring secure transactions and NFT management.

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The Ronin network has emerged as a powerhouse for decentralized applications, especially in the gaming sector. With its high throughput and low fees, it's no wonder that game developers are flocking to this platform. If you're a gamer looking to dive into the world of web3 games on Ronin, here's a list of some of the best titles you shouldn't miss:

  • Axie Infinity: A leading game on Ronin, Axie Infinity allows players to breed, raise, and battle fantasy creatures called Axies. This title pioneered the Play-to-Earn model in 2021 and is still one of the most popular web3 games worldwide.
  • Pixels: After continuous updates and migrating from Polygon in 2023, Pixels has grown in popularity on Ronin with its engaging pixel art and strategic gameplay.
  • The Machines Arena: Still under development with community participation, The Machines Arena is a cross-platform, team-based shooter offering fast-paced battles.
  • Battle Bears Heroes: Upcoming top-down shooter game with a strong community following. Some game modes include Death Match and Battle Royale.
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The transition from PoA to DPoS in March 2023 marked Ronin's commitment to decentralization. The network's growth, recording a 69% increase in Unique Active Wallets (UAW) in November 2023, showcases its expanding influence. Developers are attracted to Ronin's compatibility with Ethereum and the promise of lower fees, faster transactions, enhanced security, and a growing user base. Led by CEO Trung Nguyen, COO Aleksander Larsen, and Growth Lead Jeff 'Jihoz' Zirlin, the Ronin team brings technical expertise and gaming industry experience. Sky Mavis, with Axie Infinity and Ronin, solidifies its position as a force in the blockchain gaming world.

Ronin Team

Ronin Name Service (RNS), another recent announcement from Ronin. This innovative service, launched on November 15, 2023, empowers users to transform intricate Ronin addresses into user-friendly names appended with a .ron suffix. NFT names can be acquired using RON, contributing to both the Ronin Treasury and the community incentives pool. RNS provides three distinct name types: Regular, High-Value, and Protected, each featuring unique pricing structures. High-value names will be available through auctions, while Protected names are exclusively reserved for key partners and community members. This service is designed to streamline the user experience on Ronin, elevating accessibility and identity within the gaming network.

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In conclusion, Ronin Network stands as a specialized blockchain platform, born from innovation and shaping the future of web3 gaming. With an efficient blockchain, diverse gaming portfolio, and strategic partnerships, Ronin is poised to continue its ascent as a powerhouse in the ever-evolving landscape of digital entertainment. Join us as we continue to explore Ronin's features, achievements, and vibrant ecosystem, paving the way for the next era of blockchain gaming.


NewsExclusiveGame Updates

updated:

February 20th 2024

posted:

December 12th 2023

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