[PRESS RELEASE – Singapore, Singapore, December 7th, 2023]
- Ronin by Sky Mavis, the largest ecosystem for Web3 games, is a secure and scalable EVM blockchain.
- Impossible Finance to deploy launchpad infrastructure on Ronin for Web3 game launches, aiming to advance blockchain gaming and NFT.
- Upcoming launches on the launchpad may require tokens like RON, AXS, and IDIA to be used to stake for allocation.
Impossible Finance is thrilled to unveil an exciting collaboration with Ronin, a prominent blockchain tailored for gaming. Crafted by Sky Mavis, the visionary mind behind the Axie Infinity game ecosystem, Ronin, an EVM blockchain, boasts a remarkable track record, processing over $4 Billion in NFT volumes. It stands as the only blockchain that has proven to adeptly scale a single game to accommodate millions of daily active users.
In this strategic partnership, Impossible Finance brings a comprehensive suite of advisory services, encompassing launchpad expertise, research, business development, and infrastructure support to strengthen Ronin and its dynamic ecosystem.
The Ronin Launchpad powered by Impossible Finance
Beyond advisory, Impossible will be deploying launchpad infrastructure to support the launches of games — “Ronin Launchpad” powered by Impossible Finance! Our joint efforts will delve into the exploration of new opportunities and cutting-edge innovations within the gaming and NFT landscape.
“We have been looking for ways to merge the scale of users that gaming can address and the products that can scale crypto adoption, and we see Ronin as one such breeding ground for a future ecosystem of new projects, users, and community.” – Calvin Chu, Core Buidler of Impossible Finance
Impossible Finance and Ronin’s synergistic collaboration aims to advance blockchain gaming and NFTs. In working together, the team embarked on a journey to not only expand the capabilities of Ronin, but to catalyze the emergence of groundbreaking projects within the Ronin ecosystem by introducing innovative and fun games along with the adoption of NFT by increasing stakes and ownership of fun games.
Sky Mavis is a technology-focused game studio headquartered in Vietnam, leading the revolution of the gaming landscape. Their mission revolves around crafting virtual worlds featuring player-owned economies, trustless marketplaces for trading unique digital assets, and robust infrastructure reaching millions of players globally. The studio is best known as the brain behind Axie Infinity, Web3’s breakout title with over $4 Billion in lifetime trading volume between players.
The invaluable insights gained from the experience of building and scaling Axie Infinity position Sky Mavis as an ideal collaborator, offering valuable support, grants to mitigate risks, and enhancing the chances of success for games joining Ronin.
“Token launches are a seminal moment for teams building in crypto. Impossible has a wealth of experience in research, advisory and listing and navigating the pitfalls when it comes to launches. We are delighted to be working with Impossible on making every token launch on Ronin a successful event for all stakeholders.” – Bailey Tan, Director of Ecosystem Strategy, Sky Mavis.
Ronin is hyper-optimized for gaming, secure and highly scalable:
- Battle-tested and scalable: In 2021, Ronin Network successfully processed 15% of the overall trading volume in the NFT market, showcasing the network’s effectiveness and reliability. As the home of Axie Infinity assets, including Axies, Land, SLP, and AXS, it stands as a testament to its scalability, ranking third in NFT sales by volume.
Snapshot taken on 06/12/2023
- Hyper-optimized for gaming: Ronin Network distinguishes itself by curating high-quality apps and ensuring minimal bloat with high game uptime, it offers an unparalleled gaming experience.
- Fully secure: Sky Mavis has prioritized transforming into a fully antifragile, zero-trust organization, implementing stringent security protocols. Every line of code underwent thorough review and optimization, with security experts auditing the entire architecture. Ronin’s robust security measures are a direct result of Sky Mavis facing challenges head-on. The Ronin Validator Breach in March 2022, where significant assets were drained from the Ronin Bridge, served as a turning point. This breach was not due to a technical flaw, but a socially engineered attack by an elite group of hackers.
- Largest ecosystem for blockchain games. At this time, with a MAU of ~511K on the Ronin, Ronin is the largest ecosystem for blockchain games. This is contributed by the massive growth of Pixels (an interoperable Web3 farming game) starting from ~5K DAU, it now brings in over ~100K DAU to the network, (source). This is a testament to Sky Mavis’ capability in product development, community building, and go-to-market strategies.
Ronin token – RON
RON is the ecosystem token of Ronin. The RON token enables users to pay for transactions on Ronin, includes decentralized finance (DeFi) features like community governance, and utility via staking through validators to earn rewards.
Ronin validators need to hold and stake RON to participate in validating blocks. They are rewarded with newly issued RON. These rewards are divided up among a validator and its delegators based on the RON they have staked with the validator.
With the launch of “Ronin Launchpad” powered by Impossible, tokens like RON, AXS and IDIA will potentially gain additional utility as they can be staked for allocations during public sales.
To learn more about RON’s tokenomics, you can read more about it in this article.
Ronin is an EVM blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity, which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.
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About Impossible Finance
Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high-quality crypto opportunities.
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