Coinbase selects gaming-specific blockchain “Ronin” as a candidate for initial listing

9 months ago 54

Third listing-related announcement this week

On the 2nd, the US virtual currency exchange Coinbase announced new stocks it is considering listing (roadmap). This is the follow-up to this week’s Render.

The target this time is Ronin (RON), and the token price has not changed much since the announcement. This is because it is already listed on major cryptocurrency exchanges such as OKX.

Ronin (Ronin Network) started as a dedicated sidechain for the blockchain game Axie Infinity and is now an NFT scaling solution for games led by Axie Infinity developer Sky Mavis.

Ronin Network recently saw a 190% increase in monthly activity. There appears to be renewed attention to the P2E (Play-to-Earn) field. Additionally, the price of RON has increased by approximately 200% over the past year due to the increase in users and accelerated development.

connection:NFT game “Axi Infinity” developer revamps Ronin network, partners with 5 game studios

What is P2E (Play-to-Earn)?

P2E (Play-to-Earn) games are games that allow you to earn money while playing, mainly using blockchain technology or NFT (non-fungible tokens). Through gameplay, you can receive unique tokens and NFT in-game items as rewards, and you can earn money by selling them. Axie Infinity, a leading P2E platform, had 1.1 million daily active users at its peak in November 2021 (according to blockchain analysis platform Nansen).

Virtual currency glossary