Ronin to scale Web3 games with new zkEVM

cyptouser4 months agoCryptocurrencies News78
55966e89>

Gaming blockchain Ronin has announced the upcoming launch of Ronin zkEVM, a zero-knowledge (ZK) Ethereum Virtual Machine (EVM) layer-2 chain built with a Sky Mavis-modified version of the Polygon Chain Development Kit (CDK). 

On June 18, the team revealed it would introduce a dedicated ZK chain to accommodate more users and help its game studio partners grow. This move is expected to enhance the permissionless environment, facilitating the integration of more gaming experiences in the network.

In addition, the team plans to incorporate an enshrined Polygon ZK prover into Ronin, allowing game studios to build their own zkEVM blockchains without establishing their own security and consensus.

Preparing to handle billions in transactions

The Ronin blockchain, initially developed for the popular play-to-earn (P2E) game Axie Infinity, now supports a broader gaming ecosystem. According to the Ronin blockchain explorer data, the network has already reached 1.4 million daily active addresses.

Active addresses on the Ronin blockchain. Source: Ronin explorer

Jeff Zirlin, co-founder at Sky Mavis, the team behind Ronin, told Cointelegraph that the network is preparing to handle billions in transactions. Zirlin explained:

“At 1.5 million daily active users, Ronin is the largest gaming blockchain globally. Currently, Ronin can handle up to 40 million transactions per day, but we are preparing for a future where we handle 400 million or even four billion transactions, and zkEVM is key to this.”

With Ronin zkEVM’s enhanced scalability, the Sky Mavis team believes that partner studios can continue to innovate and expand.

The network has already onboarded major blockchain games, which benefited from its player base. Web3 game Pixels surpassed 4.4 million users since migrating to Ronin in October 2023.

Zirlin also noted other benefits of the new zkEVM chain, including a seamless cross-chain experience and potentially higher staking rewards.

“This step in our permissionless journey includes the ability for third-party builders to launch their own layer-2 blockchains on Ronin, opening opportunities for more games and players,” he added.

Related: 41% of top ZK airdrop wallets have already sold everything: Nansen

Creating a unified Web3 gaming ecosystem

Trung Nguyen, CEO and co-founder of Sky Mavis, said their goal is to create a unified gaming ecosystem that allows asset transfers, token swaps and non-fungible token (NFT) trading between layer-1 and layer-2 games. Nguyen explained:

“We believe Ronin zkEVM is crucial to help us onboard billions of gamers. With Polygon’s technology, this collaboration marks a new era of Web3 gaming.”

Meanwhile, Polygon Co-founder Sandeep Nailwal emphasized the impact of the Polygon CDK. Nailwal believes Ronin is “leading the way,” combining technology with substantial distribution power and user engagement.

Nailwal added that their Polygon CDK would support Ronin’s gaming ecosystem and make the network a more attractive destination for game studios.

Magazine: SocialFi boosts game revenue, Axie Infinity creator wants to ditch Discord: Web3 Gamer

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Federal Reserve issues cease and desist letter to Bitcoin Magazine alleging IP infringement

The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, allegi...

Tether to reveal new product line as part of $1 billion investment strategy

Tether CEO Paolo Ardoino revealed that the company would launch a new class of digital asset product...

Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick

Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick

55966e89˃Memecoin trading can be hugely valuable to decentralized exchanges (DEXs) as it can attract...

Blockchain thriving among Fortune 500 companies, but US lags — Coinbase

Blockchain thriving among Fortune 500 companies, but US lags — Coinbase

55966e89˃The world’s largest companies are embracing blockchain projects with increasing enthusiasm,...

Bitcoin is the only decentralized currency, Tether CEO says

Bitcoin is the only decentralized currency, Tether CEO says

55966e89˃According to Tether CEO Paolo Ardoino, Bitcoin is unique among the more than 14,000 various...

Binance’s Russian successor CommEx to shut down in April

25cc9d4a˃CommEx, the successor of Binance crypto exchange in Russia, has officially announced it is...