Ronin

Ronin is a highly efficient network purpose-built for onchain gaming. Ronin was developed by Sky Mavis, the creator of Axie Infinity, and allows developers to launch games with player-owned economies. RONIN is the utility token of the Ronin ecosystem. RONIN can be used to pay for gas fees and engage in network governance. RONIN can also be used to secure the network through staking.

Ronin (RON) is an EVM-based blockchain designed specifically for play-to-earn games. The most notable game built on Ronin is Axie Infinity, a digital collectibles game that has experienced growth since its inception. Ronin aims to provide a platform that strives to deliver fast and affordable transactions, making it a suitable choice for games that require frequent transaction confirmations. The blockchain also features a RoninBridge, which allows users to withdraw Axie assets back to the Ethereum mainnet, and a native wallet that simplifies the onboarding process for new users. Ronin's vision is to become a preferred NFT scaling solution for gaming, with the intention to further decentralize its network by opening up its validator application process.

Ronin operates using a proof-of-authority (PoA) consensus mechanism, a reputation-based system where validators are selected based on their reputation. These validators are responsible for authoring and validating blocks, updating price oracles, and approving deposits and transfers of assets to and from Ronin. They also control the addition and removal of other validators. Ronin's blockchain aims to provide quick transaction confirmations, typically within 2-3 seconds, which is particularly beneficial for games that require high-frequency transactions. Additionally, Ronin's blockchain features a bridge that allows users to transfer assets back to the Ethereum mainnet.

Ronin's primary use case is to serve as a platform for play-to-earn games, with Axie Infinity being a notable example. The blockchain's aim to achieve fast and affordable transactions make it suitable for games that require frequent transaction confirmations. Additionally, Ronin's bridge allows users to transfer their in-game earnings back to the Ethereum mainnet, enabling them to benefit from their gameplay profits. The blockchain also aims to lower the barriers to entry for new players by providing a fiat on-ramp and a native wallet. Ronin's vision is to become a preferred location for launching Axie-related games and NFT games from other developers.

Ronin was founded by Sky Mavis, a technology-focused game studio launched by Jeffrey Zirlin and Alexander Leonard Larsen. Since its inception, Ronin has experienced growth, with over 250,000 unique daily active addresses, $5 billion in total value locked (TVL), and over 2 million wallet downloads within its first nine months. The blockchain has also handled a large volume of NFT transactions. Ronin's native token, RON, was launched through a pool on its native Katana DEX and will be allocated through a liquidity program. The total supply of RON is capped at 1 billion and will be reached 294 months after issuance begins.