Axie Infinity escapes Ethereum gas fees as Ronin sidechain goes live
The increasingly popular blockchain game will encourage users to migrate land and items early with a limited edition NFT gift. Pokemon-inspired blockchain game Axie Infinity has announced that its long-touted Ethereum sidechain, Ronin, has gone live.Developer Sky Mavis developed the sidechain to ease the pressure of Ethereum network congestion and gas fees on players.The Axie community has grown exponentially over the past year, and Sky Mavis described operating on the Ethereum mainnet as “a bit like training inside the hyperbolic time chamber”; a reference to the popular DragonBall....
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The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, Nansen researcher Martin Lee recently published a report on how Ronin, Axie Infinity’s sidechain, has seen exponential growth.
Researcher Takes a Deep Dive Into Axie Infinity’s Ronin Network
Axie Infinity, the Ethereum-based blockchain game developed by Sky Mavis has seen a significant amount of NFT sales....
Axie Infinity has launched the public testnet of its Ronin sidechain with video game giant Ubisoft as an initial validator.
Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchange for Ronin, its custom-made Ethereum sidechain. Katana will feature all of the tokens used in Sky Mavis’ products, including SLP and AXS, the native tokens of the Axie Infinity ecosystem. This new product will allow users to earn rewards for providing liquidity.
Axie Infinity’s Katana DEX Launched
Sky Mavis, the developer of Axie Infinity, a breakthrough play-to-earn-based blockchain game, has launched Katana, a new decentralized exchange on top of....
AXS and SLP price surged following the project’s successful migration to the Ronin sidechain on the Ethereum network. Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April as the hype died down and high fees on the Ethereum (ETH) network hampered the ability of buyers and sellers to interact with the protocols. The challenge of high fees eventually led some projects like Axie Infinity (AXS) and Smooth Love Potion (SLP) to migrate to other....
The Ronin bridge tied to Axie Infinity is back up with a new design after Sky Mavis introduced a circuit breaker system and daily withdrawal limits. Sky Mavis, developers of the popular play-to-earn (P2E) NFT game Axie Infinity have announced that the Ronin bridge is back online three months after it was hacked for more than $600 million. The Ronin bridge is an Ethereum sidechain built for Axie Infinity, and it enables users to transfer assets between the sidechain and the Ethereum mainnet. On March 29, 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was drained from the bridge after....