AXIE INFINITY ESCAPES ETHEREUM GAS FEES AS RONIN SIDECHAIN GOES LIVE

Axie Infinity, the Pokémon-inspired blockchain game that has taken the crypto world by storm, has officially launched its much-anticipated Ethereum sidechain, Ronin.This marks a significant milestone for the game and its community, promising to alleviate the crippling effects of Ethereum's notoriously high gas fees.For months, players have struggled with exorbitant transaction costs, hindering their ability to fully participate in the Axie economy. Ronin is an Ethereum sidechain built specifically for Axie Infinity. Each Axie is an ERC721 token represented as a unique digital creature that can be used in a variety of games. So far, there are Axie battles and a kingdom-building game centered around ownership of land plots (Project K).But with Ronin now live, a new era of seamless and affordable gameplay has begun. - Plato Data Intelligence Log InThink of it as moving from a congested highway to a smooth, private road – suddenly, everything moves much faster and costs significantly less.

Developed by Sky Mavis, Ronin aims to provide a streamlined user experience and remove the financial barriers that previously plagued Axie Infinity.This transition not only benefits existing players but also opens doors for a new generation of Axie enthusiasts who were previously priced out of the game. Join King Solomon on Patreon to get access to this post and more benefits.The launch includes a limited-edition NFT gift for early adopters who migrate their land and items, incentivizing the move and rewarding early commitment to the Ronin ecosystem.As Axie Infinity continues to grow in popularity, Ronin offers a sustainable and scalable solution for its expanding community.

Understanding the Ethereum Gas Fee Problem

Before delving into the benefits of Ronin, it's crucial to understand why Ethereum gas fees have been such a pain point for Axie Infinity players. Gas fees are essentially transaction fees paid to Ethereum miners for processing transactions on the network.The higher the network congestion, the higher the gas fees become.During periods of peak activity, these fees can skyrocket, making even simple actions within Axie Infinity prohibitively expensive. Axie Infinity ist ein Blockchainspiel ber das Sammeln und Aufziehen von Fantasy-Kreaturen namens Axie, auf Ethereum-Plattform. gas-fees-as-ronin-sidechain-goesFor example, breeding Axies, buying land, or even claiming in-game rewards could cost a significant amount of ETH, effectively eating into players' earnings.

This issue became particularly acute as Axie Infinity's popularity exploded.The game's growing user base put immense strain on the Ethereum network, driving up gas fees and creating a bottleneck for players.Many smaller transactions, which are common in Axie Infinity, became economically unviable, frustrating players and hindering the overall growth of the game.This prompted Sky Mavis to seek a more efficient and cost-effective solution, leading to the development of Ronin.

The Ronin Sidechain: A Solution to High Gas Fees

Ronin is an Ethereum-linked sidechain specifically designed for Axie Infinity. News 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.A sidechain is essentially a separate blockchain that runs parallel to the main Ethereum blockchain. Today, we are also unveiling RON. RON is the ecosystem token for the Ronin chain. It will eventually be used to pay gas fees and secure the network for both Axie Infinity and future games/products hosted on the chain. RON s primary purpose is to ensure that Ronin will always be a blockchain owned by our community.It allows for faster and cheaper transactions without overloading the main network.This approach allows Axie Infinity to maintain the security and decentralization of Ethereum while overcoming its scalability limitations.

The name ""Ronin"" itself is significant. 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 ofIn feudal Japan, a Ronin was a samurai without a master, symbolizing independence and self-determination.Similarly, Ronin represents Sky Mavis' desire to take control of Axie Infinity's destiny and provide a better experience for its players. Using the Ronin bridge to transfer that Eth to your Ronin wallet. This converts it from ERC-20 tokens on the Ethereum Blockchain to wrapped eth or WETH on the Ronin side chain). Anything done with tokens on the Ronin sidechain will not have a gas fee, though the marketplace takes a cut on sales.By building their own sidechain, Sky Mavis can implement custom solutions and optimize the network specifically for the needs of Axie Infinity.

Benefits of the Ronin Sidechain for Axie Infinity Players

The introduction of Ronin brings numerous benefits to Axie Infinity players, significantly enhancing their overall experience.Here are some of the key advantages:

• Drastically Reduced Gas Fees: This is the most significant benefit. Yes, your actions in katana are signed through your ronin wallet. At the moment you can do 100 daily actions in katana/marketplace for 0 RON. In the future, Ronin transactions will cost RON.Ronin offers significantly lower gas fees compared to Ethereum, making transactions much more affordable.
• Faster Transaction Times: Ronin provides near-instant transaction confirmations, eliminating the long wait times often associated with Ethereum.
• Improved User Experience: The streamlined user experience on Ronin makes it easier for players to buy, sell, and trade Axies and other in-game assets.
• Community Ownership: With the introduction of the RON token, the community will have a greater say in the future of the Ronin chain.
• New Economic Opportunities: Ronin allows for new economic models, such as community-funded tournaments and bounties, which can further incentivize player participation.

How to Migrate Your Assets to Ronin

Migrating your Axie assets to Ronin is a straightforward process. One of the main advantages of Ronin Wallet is its reliance on the Ronin sidechain, which offers low gas fees compared to Ethereum. Players can conduct numerous transactions without worrying about exorbitant fees, which is crucial for a game that relies heavily on frequent microtransactions. 3. NFT SupportHere’s a step-by-step guide:

1. Create a Ronin Wallet: You’ll need a Ronin wallet to interact with the Ronin sidechain. Ronin will come with: Fast seamless transactions with almost instant confirmation. Drastically reduced gas fees. In addition, rather than paying Ethereum miners the gas fees could be retained by the community and used for things like tournaments bounties.You can download the Ronin Wallet extension for your browser.
2. Bridge Your Assets: Use the Ronin bridge to transfer your ETH, Axies, land, and other items from your Ethereum wallet to your Ronin wallet. Sponsored Transactions: We re sponsoring up to 10,000 transactions per day and 70,000 transactions per week made using Ronin Waypoint on App.axie. That means NO gas fees when you transact with Ronin Waypoint on App.axie subject to availability.This involves converting your assets from ERC-20 tokens on Ethereum to wrapped ETH (WETH) and other compatible formats on Ronin.
3. Confirm the Transaction: Once the transaction is confirmed, your assets will be available in your Ronin wallet.

Sky Mavis has incentivized early migration by offering a limited-edition NFT to players who move their land and items to Ronin early.These NFTs are distributed based on the order of migration, so the sooner you move your assets, the higher your chances of receiving a rare and valuable NFT.

Understanding the RON Token

The RON token is the native ecosystem token for the Ronin chain. See full list on dappradar.comIt plays a crucial role in ensuring the long-term sustainability and decentralization of the network. Ronin, our Ethereum sidechain, is live! Migrate your land/items to Ronin from your account dashboard. There is a time-limited land item for those that migrate with ID based on order of migration! The marketplace for land items on Ronin will open later this week, potentially as early as tomorrow. A New ChapterHere’s what you need to know about RON:

Purpose of the RON Token

• Gas Fees: Eventually, RON will be used to pay gas fees on the Ronin chain.This means that players will need to hold RON to transact within the Axie Infinity ecosystem on Ronin.
• Network Security: RON will be used to secure the network through staking, allowing token holders to participate in the validation process and earn rewards.
• Governance: RON holders will have the ability to participate in the governance of the Ronin chain, influencing key decisions and shaping the future of the network.

The introduction of RON is a significant step towards community ownership of the Ronin chain. In addition, rather than paying Ethereum miners the gas fees could be retained by the community and used for things like tournaments bounties. The ability to withdraw Axie assets back toBy distributing the token to players and stakers, Sky Mavis aims to create a decentralized and self-sustaining ecosystem.

Sponsored Transactions on Ronin

To further ease the transition to Ronin, Sky Mavis is sponsoring a significant number of transactions through Ronin Waypoint on App.axie. Posted by u/[Deleted Account] - 1 vote and no commentsThis means that players can conduct a certain number of transactions without paying any gas fees, subject to availability. 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.Currently, they are sponsoring up to 10,000 transactions per day and 70,000 transactions per week.

This initiative is designed to encourage players to migrate to Ronin and experience the benefits of the sidechain without incurring additional costs.It’s a temporary measure, but it provides a valuable window of opportunity for players to familiarize themselves with the new system and take advantage of the reduced gas fees.

The Future of Axie Infinity on Ronin

The launch of Ronin marks the beginning of a new chapter for Axie Infinity.With lower gas fees and faster transaction times, the game is now more accessible and enjoyable for a wider audience.Sky Mavis has ambitious plans for the future of Ronin, including the development of new games and applications on the sidechain.

One of the key priorities is to foster a thriving community ecosystem on Ronin. 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.This includes supporting developers who want to build on the sidechain and creating new opportunities for players to earn and participate in the Axie Infinity universe. 2.3M subscribers in the ethtrader community. Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memesThe introduction of the RON token will play a crucial role in this process, empowering the community to shape the future of the network.

Addressing Common Concerns About Ronin

With any new technology, it’s natural to have questions and concerns.Here are some common queries about Ronin and their answers:

Is Ronin secure?

Security is a top priority for Sky Mavis.Ronin is designed with robust security measures to protect players' assets. Sky Mavis is currently creating Ronin an Ethereum-linked sidechain made specifically for Axie Infinity. A Ronin was a samurai without a master in feudal Japan and Ronin represents our desire to take the destiny of our product into our own hands. Security Consensus.The sidechain utilizes a delegated Proof-of-Stake (dPoS) consensus mechanism, which is considered to be a secure and efficient way to validate transactions.

What happens if Ronin goes down?

While downtime is always a possibility, Sky Mavis has taken steps to minimize the risk.The team has implemented redundancy measures and has a dedicated team monitoring the network to ensure its stability.

Will gas fees eventually increase on Ronin?

While RON will eventually be used to pay gas fees, Sky Mavis is committed to keeping fees low and affordable.The goal is to create a sustainable economic model that benefits both players and the network as a whole.

How do I withdraw my assets from Ronin back to Ethereum?

You can withdraw your Axie assets back to Ethereum using the Ronin bridge.The process is similar to depositing assets, but in reverse.Keep in mind that withdrawing assets may incur gas fees on the Ethereum network.

Impact on the Axie Infinity Marketplace

The Ronin sidechain has had a significant impact on the Axie Infinity marketplace. The intention behind Ronin is to bring economic freedom to Axie players by streamlining the user experience and removing the burden of expensive gas fees on Ethereum. Gas fees are a hot topic right now, mainly in the DeFi sector. Where transaction charges on smaller Ethereum based token exchanges and actions hit all-time highs amidst pressureThe reduction in gas fees has made it much more affordable for players to buy, sell, and trade Axies and other in-game assets.This has led to increased trading volume and greater liquidity in the marketplace.

With Ronin, frequent microtransactions, which were previously discouraged by high Ethereum fees, are now easily manageable.Players can freely experiment with different Axie combinations and strategies without worrying about the financial burden of each transaction.This has unlocked new levels of gameplay and strategic depth within the Axie Infinity ecosystem.

The Broader Implications for Blockchain Gaming

Axie Infinity's successful implementation of the Ronin sidechain has broader implications for the blockchain gaming industry. The increasingly popular blockchain game will encourage users to migrate land and items early with a limited edition NFT giftIt demonstrates that sidechains can be an effective solution for overcoming the scalability limitations of Ethereum and other blockchains.This could pave the way for other blockchain games to adopt similar solutions, enabling them to provide a better user experience and attract a wider audience.

Ronin serves as a blueprint for how blockchain games can create their own customized ecosystems, tailored to their specific needs and requirements.This level of control and flexibility is crucial for the long-term success of blockchain gaming, allowing developers to experiment with new economic models and gameplay mechanics.

Conclusion: A New Era for Axie Infinity

The launch of Ronin is a game-changer for Axie Infinity. Axie Infinity escapes Ethereum gas fees as Ronin sidechain goes liveBy escaping the burden of exorbitant Ethereum gas fees, the sidechain unlocks a new era of accessibility, affordability, and enhanced gameplay.With faster transaction times, community ownership through the RON token, and new economic opportunities, Ronin positions Axie Infinity for continued growth and success.

This development showcases the potential of sidechains to solve scalability issues in blockchain gaming and beyond. that Ronin phase 2 is live! Ronin is bringing economic freedom to an entirely new generation of Axie players by streamlining user experience and reducing the burden of expensive gas fees. Building on Ethereum Mainnet is a bit like training inside the hyperbolic time chamber from Dragonball Z.As other projects look for solutions to high transaction costs, Ronin serves as a compelling example of what can be achieved with a dedicated and innovative approach. The live Axie Infinity price today is $2.46 as of, with a 24-hour trading volume of $22,705,344. and drastically reduced gas fees using the RoninFor Axie Infinity players, the message is clear: migrate to Ronin, embrace the new ecosystem, and enjoy the future of the game.So, are you ready to experience Axie Infinity without the gas fee headache? Axie Infinity escapes Ethereum gas fees as Ronin sidechain goes live; Exchange Tokens Hit New All-time Highs as Stock Traders Rush to Crypto; Crypto exchange Coinbase has chosen Nasdaq as its direct listing venue; This article is published on BitPinas: Tuesday Trades: Elon Musk and the XRP CrashCreate your Ronin wallet and start your migration today!