Games are slowly adopting the blockchains and now they are pushing their financial transactions and the in game digital items on the NFTs. This way they have created their own marketplace for the blockchain and crypto. All of this started from Etheruem layer 2.
In layer 2 of ethereum there are tech like zkSync and the rollups, which makes the transactions secure and cheaper. So there are stacks like zkStack, Optimism stack and others that are making new chain to adopt the layer 2 very quickly. And more developement has been pushing for the games.
So Ronin the chain developed by the skymavis games which are the owners of axie and other games have developed their own blockchain. Let's take a look at the Ronin blockchain and things they have done so far.
What is Ronin Blockchain? And what's so special about it?
During the pandemic time the people behind the axie infinity were busy building the blockchain. And once released they named this chain as "Ronin Chain". This chain was developed with the developers in mind. So the game developers could find it easier to deploy their financial tokens on the chain. And there are slowly new games being added.
The chain is EVM compatible as it is layer 2 chain. And also has it's own features. And each day their volume of transaction has been on the rise. So far they have made the 750M worth of the transactions. And it's not just one game but a portfolio of the blockchain games are now making use of the Ronin chain. And they are increasing with the NFT and the spend volume too.
You can check stat out here.
What is RON token and where is the wallet? does it have blockchain apps?
Yes Ronin chain has plenty of apps. Some of the apps are like typical template apps which makes it easier for you to work with. Like say you want wallet? It's there you want other apps they are there too. So basically you have plenty of things over there that would be used by typical crypto consumer. And all of those are easily accessed through their wallets too as they have links to such app explorer.
Another thing is their token is named as the RON. So the price is really good ever since they launched the chain. Current price is 4.45$ USD which would be a good price if you compare with other game publisher and the marketplace tokens in this space. Having the price over 1 dollar is a sign of healthy market and also it would be a good direction they take by onboarding with variety of the apps and the games.
You can explore the games here.
How is Ronin Chain compared to Immutable, Gala and Palette Chains
Biggest competition is in the fees. Immutable and Gala has them low. As the price of the token of the gala increases overall cost increases. And in short this would also increase the contest between the chains. Most of the games are fragmented with multiple chains which also includes the polygon and optimism chain. You would find new games are being deployed on those chains.
Ronin is currently having specific set of the games. Meanwhile the immutable is going after the RPG and the trading card games. So that kind of is big competition going on as of now. And the gala is busy working on the blockchains that has the in house productions being deployed there. So it'd be harder for the Ronin chain in this space but they have their own in house games ecosystem which keeps them strong.
Ronin blockchain from the makers of the Axie infinity has been making waves with adoption of new brands and the games on their chain. Let's see how much they make progress in the dApps and the games in near future.