What Is Ronin?
Ronin is an Ethereum sidechain designed explicitly for gaming applications.
Background
Developed by Sky Mavis, Ronin was launched in 2021 and quickly gained popularity through the blockchain game Axie Infinity, the first game deployed on the network.
How It Works
Ronin operates as a gaming chain built by and owned by gamers. The RON token allows users to stake their tokens and secure the network, with staking rewards flowing to stakers. This system empowers anyone to take an active role in supporting Ronin and earn rewards for doing so. The network is also becoming the launchpad for Web3 gaming, with various game studios developing games on the Ronin network.
Despite a significant hack in March 2022, Ronin’s popularity continues to grow. A number of game studios, including Directive Games, Tribes Studio, and Bali Games, are now building on the Ronin network. The network recently celebrated the launch of RON staking and announced its first game studio partners.
Key Takeaways
- Ronin is an Ethereum sidechain explicitly designed for gaming applications, launched by Sky Mavis in 2021.
- The network gained popularity through Axie Infinity, the first game deployed on it.
- Despite a significant security breach in 2022, Ronin continues to attract new game studios such as Directive Games, Tribes Studio, and Bali Games.
- The network has launched RON staking, enabling users to stake their tokens, secure the network, and receive staking rewards.
- Ronin is becoming a launchpad for Web3 gaming, with numerous game studios currently developing games on the network.
