Axie Infinity Developer New Updates: Ronin Blockchain Shift, Partners With 4 Studios
Key Points:
- Sky Mavis, the developer of Axie Infinity, has upgraded its Ronin blockchain to a delegated proof-of-stake model, allowing more users to become validators and produce blocks.
- Sky Mavis is partnering with four gaming studios to build on top of Ronin, including Bali Games, Bowled.io, and Directive Games.
Sky Mavis developer of Axie Infinity, upgrades Ronin blockchain to a delegated proof-of-stake model while partnering with four gaming studios to build on top of Ronin: Bali Games, Bowled.io, and Directive Games.
Sky Mavis, the developer of the popular “play-to-earn” game Axie Infinity, experienced tremendous success in 2021 during the crypto boom. However, the company faced a significant setback in 2022 when its proprietary Ethereum-linked sidechain, Ronin, was hacked for $620 million. This event, combined with falling crypto markets, contributed to a significant decline in Axie’s player base, which currently sits at around 260,000 daily users, according to Active Player.
Despite these challenges, Sky Mavis remains a significant player in the Web3 gaming space. The company recently announced an upgrade to the Ronin blockchain, shifting it to a delegated proof-of-stake (DPoS) model, allowing anyone with a certain amount of RON, Ronin’s native token, to become a validator and produce blocks. The upgrade will open the Ronin ecosystem to more users, although it will remain relatively concentrated.
Sky Mavis has partnered with four gaming studios to build on top of Ronin. These studios include Bali Games, which made the popular Korean game Anipang, and Bowled.io, a sports-based platform initially focused on cricket. Directive Games, a studio founded in 2014 with veterans from LucasArts, Square Enix, and Ubisoft, is the only studio launching with a playable title, a shooter called The Machines Arena, which will be available to players in closed beta.
Despite the criticism of Axie’s in-game economy, which emphasized grinding over gameplay, players were drawn to its “play-to-earn” model, making it a significant success. Nevertheless, blockchain titles have yet to find a foothold with gamers, with many expressing skepticism over the model and potential titles still in beta. As developers continue to rush into Web3 gaming, which companies will emerge as leaders in the space remains to be seen.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
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Axie Infinity Developer New Updates: Ronin Blockchain Shift, Partners With 4 Studios
Key Points:
- Sky Mavis, the developer of Axie Infinity, has upgraded its Ronin blockchain to a delegated proof-of-stake model, allowing more users to become validators and produce blocks.
- Sky Mavis is partnering with four gaming studios to build on top of Ronin, including Bali Games, Bowled.io, and Directive Games.
Sky Mavis developer of Axie Infinity, upgrades Ronin blockchain to a delegated proof-of-stake model while partnering with four gaming studios to build on top of Ronin: Bali Games, Bowled.io, and Directive Games.
Sky Mavis, the developer of the popular “play-to-earn” game Axie Infinity, experienced tremendous success in 2021 during the crypto boom. However, the company faced a significant setback in 2022 when its proprietary Ethereum-linked sidechain, Ronin, was hacked for $620 million. This event, combined with falling crypto markets, contributed to a significant decline in Axie’s player base, which currently sits at around 260,000 daily users, according to Active Player.
Despite these challenges, Sky Mavis remains a significant player in the Web3 gaming space. The company recently announced an upgrade to the Ronin blockchain, shifting it to a delegated proof-of-stake (DPoS) model, allowing anyone with a certain amount of RON, Ronin’s native token, to become a validator and produce blocks. The upgrade will open the Ronin ecosystem to more users, although it will remain relatively concentrated.
Sky Mavis has partnered with four gaming studios to build on top of Ronin. These studios include Bali Games, which made the popular Korean game Anipang, and Bowled.io, a sports-based platform initially focused on cricket. Directive Games, a studio founded in 2014 with veterans from LucasArts, Square Enix, and Ubisoft, is the only studio launching with a playable title, a shooter called The Machines Arena, which will be available to players in closed beta.
Despite the criticism of Axie’s in-game economy, which emphasized grinding over gameplay, players were drawn to its “play-to-earn” model, making it a significant success. Nevertheless, blockchain titles have yet to find a foothold with gamers, with many expressing skepticism over the model and potential titles still in beta. As developers continue to rush into Web3 gaming, which companies will emerge as leaders in the space remains to be seen.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
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