AxieInfinity’s Ronin Network Launches RON Pledge Function and Announces Game Studio Partners

On March 30, the AxieInfinity side chain Ronin Network officially announced that the RON pledge function has been launched, and the pledge award will take effect on April 12. In addition, to celebrate the launch of the RON Pledge, Ronin Network announced the first batch of Ronin based game studio partners, including DirectiveGames, DirectiveGames, BaliGames, Bowled.io, and SkyVu.

RoninNetwork has launched the RON pledge function and announced the first batch of game studio partners

On March 30, the AxieInfinity side chain Ronin Network officially announced the launch of the RON pledge function. This move aims to encourage users to stake their RON tokens and receive rewards in return. The pledge award will take effect on April 12, which marks an exciting time for the AxieInfinity community.
To celebrate the launch of the RON Pledge, Ronin Network announced the first batch of Ronin-based game studio partners, including DirectiveGames, BaliGames, Bowled.io, and SkyVu. This article will delve deeper into what this launch means for the AxieInfinity community and the impact it may have on the gaming industry.

What is the RON Pledge Function?

To understand the RON pledge function, we must first explain what staking is in the context of cryptocurrency. Staking is the process of locking up crypto assets in a wallet to support the security and operation of a blockchain network. In return, users receive rewards for their contributions.
The RON pledge function, therefore, allows users to stake their RON tokens and receive rewards in return. This move aims to incentivize users to hold and contribute to the Ronin Network ecosystem, ultimately enhancing the network’s security and operability.

The Benefits of Staking RON Tokens

Staking RON tokens comes with several benefits, the most notable being the reward system. Users who stake their RON tokens receive a share of the network fees generated by the Ronin Network based on the percentage of RON tokens they’ve staked. This reward system, therefore, incentivizes users to hold and contribute to the Ronin Network ecosystem, ultimately increasing its overall value.
Another benefit of staking RON tokens is that it enables users to participate in governance decisions. The Ronin Network allows token holders to vote on important network decisions, such as the allocation of network fees and critical upgrades.

Ronin Game Studio Partners

To celebrate the launch of the RON Pledge, Ronin Network announced the first batch of Ronin-based game studio partners, including DirectiveGames, BaliGames, Bowled.io, and SkyVu.
DirectiveGames is a blockchain game studio focused on creating cutting-edge blockchain games that utilize non-fungible tokens (NFTs). BaliGames, on the other hand, is an indie game studio that produces games that highlight Indonesia’s diverse cultural heritage. Bowled.io is focused on developing fun and exciting games that utilize the Ethereum blockchain to provide players with seamless gameplay experiences. Lastly, SkyVu is a mobile game developer that carries various popular titles, such as Battle Bears, BombSquad, and countless others.

The Potential Impact of the RON Pledge and Game Studio Partnerships

The launch of the RON pledge function and the announcement of Ronin-based game studio partners are significant moves for the AxieInfinity community and the gaming industry as a whole.
One potential impact is the further growth of the AxieInfinity community, as more users will be incentivized to stake their RON tokens. This, in turn, will improve the overall security and operability of the Ronin Network, creating a more sustainable ecosystem.
Another potential impact is the integration of blockchain technology in the gaming industry, as the announcement of game studio partnerships shows that more game developers are keen on taking advantage of blockchain’s unique features. As more blockchain-based games are developed, we may see an increased adoption of cryptocurrencies and more mainstream attention paid to the underlying blockchain technology.

Conclusion

In conclusion, the launch of the RON Pledge function and the announcement of the Ronin game studio partners are significant strides for the AxieInfinity community and the gaming industry. With this move, AxieInfinity is further incentivizing users to hold and contribute to the Ronin Network ecosystem while also growing its overall user base.
As the gaming industry continues to embrace blockchain technology, we can expect more exciting developments and collaborations in the coming years. The integration of blockchain in the gaming industry may pave the way for the mainstream adoption of cryptocurrencies and revolutionize the way players interact with games.

FAQs

1. How do I stake my RON tokens?
To stake your RON tokens, simply lock them in your Ronin wallet, and you’ll automatically begin receiving rewards based on the percentage of RON tokens you’ve staked.
2. What other benefits come with staking RON tokens?
Aside from the reward system, staking RON tokens also enables users to participate in governance decisions, allowing them to have a say in the network’s future upgrades and fee allocation.
3. Can I stake RON tokens if I don’t play AxieInfinity?
Yes, you can stake your RON tokens even if you don’t play AxieInfinity. The RON token is native to the Ronin Network, and you can purchase it on various cryptocurrency exchanges.