Originally supporting only Axie Infinity, Ronin Chain has broadened its platform to include games developed by third-party developers. This shift led to a surge in its daily active users from 94,000 to 3.1 million and helped it capture a 35.4% market share among active gamers.
Back in March, the Ronin network was breached, causing losses estimated above $600 million. At the time of the event, Sky Mavis only had 9 validator nodes; now, they have 18, including Google Cloud, to prevent another incident like this.
After years of development, blockchain games still capture only a sliver of the gaming industry. The promise of true asset ownership, stable economies, and transferability remains unmet. Recent trends suggest blockchain was more hype feature than genuine necessity
After years of development, blockchain games still capture only a sliver of the gaming industry. The promise of true asset ownership, stable economies, and transferability remains unmet. Recent trends suggest blockchain was more hype feature than genuine necessity
Originally supporting only Axie Infinity, Ronin Chain has broadened its platform to include games developed by third-party developers. This shift led to a surge in its daily active users from 94,000 to 3.1 million and helped it capture a 35.4% market share among active gamers.
Back in March, the Ronin network was breached, causing losses estimated above $600 million. At the time of the event, Sky Mavis only had 9 validator nodes; now, they have 18, including Google Cloud, to prevent another incident like this.
Axie Infinity rose to over 2 million daily players and a $10 billion valuation in 2021, but its economy proved unsustainable. Hyperinflation of its in-game token SLP, the $620 million Ronin hack, and a failed attempt to relaunch with new titles led to a collapse in both user base and token value
