RONIN
Ronin
Ronin
RONIN
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About Ronin
Ronin is a blockchain network tailored for gaming, specifically serving as the backbone for Axie Infinity. Created by Sky Mavis, it operates as a sidechain to Ethereum, aiming to offer a scalable, low-cost environment for gaming transactions and dApp development. Ronin supports a range of activities within its ecosystem, including the trading of game assets and access to DeFi applications, making it a pivotal technology in the blockchain gaming sector.
Ronin is a blockchain network designed specifically for gaming applications. It operates as a sidechain to Ethereum, meaning it is connected to the Ethereum network but operates independently to offer faster transactions and lower fees. This setup allows Ronin to leverage the security and interoperability of Ethereum while providing a more efficient environment for gaming transactions and interactions.
Ronin is used primarily to support Axie Infinity, a blockchain-based game that allows players to collect, breed, raise, battle, and trade token-based creatures known as Axies. The platform facilitates various gaming transactions, including the buying and selling of Axies, land, and other in-game assets. Moreover, Ronin is designed to host other decentralized applications (dApps) and games, offering them the benefits of improved scalability and user experience. Its ecosystem includes its own wallet, marketplace, and decentralized finance (DeFi) applications, enabling a comprehensive infrastructure for gaming and digital assets on the blockchain.
Ronin was developed by Sky Mavis, a technology company focused on blockchain gaming. Sky Mavis is known for creating Axie Infinity, one of the most popular and pioneering games in the play-to-earn blockchain gaming space.
The official Ronin ticker is “RON” and trades under that name on all the exchanges where it has been listed. The designation “RONIN” is for CryptoCompare.com only.
