Blockchain games are trending now, and the ability to earn income by playing games attracts investors and gaming enthusiasts alike. If you are a play-to-earn aspirant one platform that you shouldn’t miss is the Ronin network, a blockchain network that combines the allure of gaming with blockchain technology to provide an engaging and dashing gaming experience. This EVM-compatible layer 1 blockchain overcomes some serious limitations of Ethereum and provides low-cost and high-speed transactions. Come, let’s unwind the potential of Roning Network to find reasons why one shouldn’t miss utilizing this platform for gaming.
What is Ronin Network?
Ronin is a blockchain network designed for play-to-earn games. Utilizing the Delegated Proof of Stake consensus, the Ronin network facilitates 100,000 transactions per second, overcoming the limitations of traditional blockchain games. The platform aims to build an ecosystem where different blockchain games can be played without being about security or transaction speed. The platform was launched in February 2021 by Sky Mavis with the goal of building a strong foundation for blockchain gaming.
Key Features
Ronin is creating a revolution in the blockchain gaming industry, overcoming the traditional blockchain game challenges to bring a unique and engaging gaming experience for all. The unique features of the platform make it different from other networks. The key features are listed below.
1. EVM Compatibility
Ronin is an EVM-compatible layer 1 blockchain, allowing users to develop and deploy decentralized applications easily on the network.
2. Game Centric
Ronin network is mainly designed for gaming, its architecture, and interface offer players with a unique gaming experience. The frictionless environment allows developers to easily create and implement games.
3. Fast Transactions and Low fees
The platform enables high-speed transactions, which is essential for a stress-free gaming experience. The platform eliminates congestion problems and facilitates smooth transactions, resulting in low transaction fees.
4. High Throughput
Ronin network allows a large number of users to conduct transactions, without compromising efficiency.
5. Decentralized Governance
Ronin network is monitored and governed by a Decentralized Autonomous Organization (DAO), where the decisions are taken by the members of the community and not by a single entity. This allows the participation of the members in the growth and development of the network.
What does Ronin Network have in Store?
Ronin Network is not a simple blockchain gaming platform, it is a thriving ecosystem comprising of games, NFTs, wallets, and decentralized applications.
1. Games
The Ronin network offers a wide range of blockchain games. The platform opens a space for game developers where they can build and deploy games with player-owned economics.
2. NFTs
Ronin network supports NFT dApps including NFT marketplaces, where players can buy, sell, and trade NFTs.
3. DeFi
Ronin network is a home for several DeFi protocols. It hosts its native decentralized exchange known as Katana DEX. Other DeFi protocols include Ronin bridge, Ronin staking, etc.
4. Wallet
Ronin Wallet is used to store crypto tokens, it tracks transactions and views NFT details, making it easy for users to evaluate the transaction histories. The wallet is available as app and browser extension.
RON: The Native Crypto of the Ronin Network
RON is the native crypto of the Ronin network, used to pay transaction fees, staking, reward users, and pricing assets in NFT marketplaces. Players can purchase game items and mint NFTs using this token. Offering high-speed, low-cost transactions RON tokens open a gateway for interacting with the Ronin blockchain. The token is traded at $1.08 at the time of writing. Out of the 1 billion RON tokens 619.38 million are in circulation.
The token allocation and distribution of RON is as follows:
Allocated Area | Allocated Percentage |
---|---|
Rewards | 25% |
Community incentives | 30% |
Sky Mavis | 30% |
Ecosystem fund | 25% |
Ronin Network Games One Shouldn’t Miss
Ronin Network offers a wide collection of play-to-earn games, here are some of the popular ones you shouldn’t miss.
- Axie Infinity
Axie Infinity is one of the most popular games on the Ronin network, where players collect, own, and breed virtual pets known as Axies to earn rewards. The game is available in 3 different versions, including classic, origins, and homeland.
- Apeiron
Apeiron is a God simulation hybrid blockchain game, in which players become a Godling. They own their own planets and utilize their divine power to develop their planet. The players have the right to punish and help the creatures inside the planet.
- Pixels
Pixel is another popular blockchain game, where players can participate in various activities including participating in farm activities, exploring the virtual world, and engaging with the community to earn rewards.
Final Thoughts
Ronin is a promising blockchain platform that offers developers an alluring opportunity to build and deploy decentralized applications. Its ecosystem comprises blockchain games, NFTs, and dApps, giving gamers a complete platform to interact with blockchain games. The native token, RON is used as a medium of transaction in the network, players can purchase in-game items, stake in the platform, and participate in the network governance by holding these tokens.
The low cost and high-speed transactions offered by the network make it the best platform for deploying games. However, developers have to evaluate the technical features, and interface efficiency before making a decision to ensure the platform is suitable for building your games.