The formidable of Sky Mavis Red Ronin has taken a big step forward in its development process. As a result, those who interact with its ecosystem can now directly stake $RON tokens and have a top-notch game selection to look forward to.
As part of the initiative, those who hold $RON tokens can now stake them to help secure the network and earn generous rewards. Along with this important milestone, Ronin has also introduced a fleet of new P2E titles in development as the platform prepares to become the ultimate launch pad for Web3 gaming.
In a short clip, Trung Nguyen, co-founder and CEO of Sky Mavis, the company behind Ronin, notes: “Today we are turning a new page on the Ronin network with a new Delegated Proof-of-Stake (DPoS) update.”
1/ Time’s up… let’s do this. $RON Staking Ronin Games. Wen?
NOW.
Full ad 👇https://t.co/HxNe2kIKBN pic.twitter.com/X0NuXFUQ6V
— Ronin (@Ronin_Network) March 30, 2023
Staking is a mechanism used by Proof-of-Stake (PoS) protocols to secure networks. Token holders will pledge their tokens to earn the right to validate transactions across nodes and be rewarded with more tokens. Due to its fast and energy efficient nature, it has gained ground with the latest generation of blockchain networks.
Since the Ronin mainnet launch in February 2021, the only way users could earn $RON tokens was by farming and using in-game resources in Axie Infinity.
Now “Everyone has a choice: delegate their tokens to any of 22 validators based on their community contributions, uptime, and commission rate. The amount of RON you win depends on how much you bet and the validator you choose.”
The network has 22 independent network validators, including Nansen, Delphi Digital, and Animoca Brands. These were added last year as a way to strengthen security across a distributed network after Ronin suffered a major breach. However, many won’t appear until Ronin officially launches the rewards feature on April 12.
Start betting that delicious $RON >> Here
Ronin Aims to Expand Its P2E Gaming Initiative
In its early days, Ronin was born out of necessity, Sky Mavis had launched Axie Infinity, the popular play-to-win (P2E) game, on Ethereum, but its uptake was constrained by high gas fees and network congestion. As a result, the team developed its own dedicated internal sidechain that made Web3 game development efficient.
After many months of hard work, Ronin is ready to bring new game studios into its ecosystem. In addition to Axie Infinity, players can expect to see a number of other high-quality titles coming to the platform. Among the former, players will find: The Machines Arena, an explosive, cross-platform team-based shooter developed by Direct Games, where players compete in a variety of futuristic arenas. Tribesters: Island of Solas, an immersive story-driven game from Tribes Studio that allows its players to influence the narrative. Axie champions, a puzzler inspired by Bali Games’ Axie Infinity, and Bowled.io, an engaging Cricket-themed title that will give the network access to the sport’s 2.5 million fans.
So with so much to look forward to, the Ronin Network has positioned itself to become one of the largest gaming blockchains in the industry.
They want more? Connect with NFT Plazas
Join the weekly newsletter
join our discord
Follow us on Twitter
Like us on facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the world.
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
