RON first shows cold and Axie falls from the altar

In the public sector, Ronin Chain is a unique presence, and it was born due to insufficient functionality and knowledge of Ethereum, and it was difficult to promote Axi Infinity games. May 2021. Excellent.

Similar to the Axi Infinity bounty game, Ronin has been in the spotlight since its inception. On November 5, 2021, Ronin began distributing the RON token in the form of gift items. Since the duration of the giveaway is 3 months, current staff can only see the price of the RON giveaway and cannot claim it. On January 6, FTX announced a permanent contract with RON, and after market activity, the RON futures price was around $ 4.3.

Price performance was not in line with participants' expectations. During the draw, the “shovel” price drops sharply. AXS, SLP and ETH fell by 50.3%, 79.5% and 29.3% respectively. Based on current RON futures prices, the net income is lower than what is expected to fall due to the loss of assets.

Ronin's "first show" market is cool. If you look at Axi Infinity, recent performance is not good. According to the data, modern game sales have grown from a high of $ 17.5 million to $ 5.8 million, and the NFT market volume has grown from over $ 30 million per day to $ 6 million. dollars per day.

Some believers believe that if Ronin wants to change more, he can not only build on Axie Infinity, but also try to roll out other apps in the chain ASAP.

The good news is that Axie Infinity will be rethinking gaming in 2022, bringing new games to the virtual world, including real estate, construction, interoperability, and action. . token. These upgrades are meant to improve game performance. The next step will depend on whether Ronin can make more strings in a gameFi upgrade to extend his value limits.

RON "debut" gift voucher

As the unique sidechain for the best Axie Infinity chain game, Ronin Chain has grown in popularity since its inception. Unlike Solana and other newer chains that require integration, Ronin's goal is to become the most commonly used Ethereum side chain for NFT games from start to finish.

This vision has long been believed by many, and there is no other reason why GameFi director Axie Infinity moved to Ronin in May 2021. Both were created by the Sky Mavis group.

At the top of Axie Infinity's venture capitalist, Ronin's hopes are endless. In November 2021, Ronin will begin handing out RON tokens, allowing multiple players to contribute mining benefits.

On November 5, 2021, Ronin announced the proceeds of sponsorship of his self-created DEX Katana which opened the AXS / WETH Pool and SLP / WETH Pool. Users can earn RON by donating their income to two possible pools. reward. As with other tokens in the public chain, the most important future scenario for RON is to use it as fuel for the Ronin network.

RON cash extraction page

The initial liquid extraction operation lasts 3 months, during which 100 million RON, or 10% of the total RON, will be produced. As of January 6, RON is still at the prize stage, players can only see the prize tokens, but cannot claim them. On the same day, the FTX trading platform announced a permanent contract with RON, meaning post-match prices would be generated in the open market before RON was operational.

At 10 p.m. on January 6, the RON CDI made its appearance on the FTX market. Futures contracts on RON opened at $ 4.95 and rose to $ 5.36 before falling. As of January 7, futures contracts on RON have lost 13% of their opening price to $ 4.3.

This adventure in the market left investors perplexed. At the start of cash mining, many participants thought the RON would be $ 10, but today the future value is still less than 50% of the expected value.

Players should know that they don't have free credentials, but they need to own or buy two characters (AXS and SLP) in the Axie Infinity game and then contract with WETH. Since November 5, the prices of all three assets have fallen by several levels, with AXS dropping 50.3% from $ 145 to $ 72 and SLP by 79.5% from $ 0.095 to $ 0.0195. It fell 29.3%, from $ 4,477 to $ 3,165.

The mining "shovel" has fallen, causing a huge drop in the number of people capable of doing well. When people trusted RON, the "first indicator" of the future RON industry was to pour cold water. The miners found that, based on the current RON price, the mines could not recover the money lost due to the loss of the "dumpster" price.

The mining player "Summer after the rain" announced his P&L via social networks. He said he spent over $ 600,000 on support income, spent two months and ultimately counted RON income, resulting in a loss of $ 230,000. "Obviously, it's my job to finish by 2021."

Axi Infinity Eye Loss

With the halo above his head, Ronin has long been criticized by attendees for his small business that seems to have been brought up. When Ronin's token distribution began, GameFi was still the gold rush in the cryptocurrency industry, but now the industry has lost much of its potential. With the recent reform of the entire cryptocurrency industry, we can expect RON to perform poorly.

Of course, Axie Infinity's drop in performance is incredibly large in terms of RON performance. However, the ecology of the Ronin chain is particularly simple. The biggest app is Axie Infinity, DEX Katana. However, DEX users are unchanged and RON mining is the first application scenario. Additionally, the Ronin chain only offers hardware tools like a blockchain bridge and browser.

It's no exaggeration to say that Ronin's current market value is heavily dependent on Axi Infinity's performance. In recent months, Axi Infinity's total sales and NFT trading volume have fallen, making the game less popular than before.

According to data from Token Terminal, Axie Infinity's total revenue has been declining day by day over the past six months. Chain Games peaked at a daily high of $ 17.5 million on August 6, 2021, but has declined since then. Sales fell in December, with daily sales of just $ 800,000.

Axie Infinity's total revenue continues to decline.

The volume of NFTs in Axie's market is also declining. As of August of last year, the current market value of NFT was over $ 30 million and the current market cap was only around $ 6 million.

Some gamers pointed out that Axi Infinity is the downside, that Axi Elf NFT's prices have continued to drop, and that SLP (love potion), the main source of income for the “financier”, has also gone down, putting the burden on the players. . You can win money easily, the game is not as strong as it used to be.

In August 2021, Axi Infinity also received a press release launching the 'King of Glory' mobile phone with monthly sales of over $ 333 million, but this performance is no more, and this game on chain no. 1 apparently is.

Axie Infinity couldn't defend himself and didn't feel Ronin cool.

Ronin Ecology app coming soon

Ronin's ecological integration really comes step by step, and with Axie Infinity, you'll encounter a "one down, one down" situation. It is difficult to change this situation in the short term.

Some Ronins believe that for the continued public channel, on the one hand, Axie Infinity should improve its performance, and on the other hand, it should strengthen the chain ecosystem as soon as possible.

In the past year, Axie Infinity has amassed 2.9 million users, and although the status quo is now lower than that of the stars, Axie is still the leader of GameFi and all are striving to attract foreigners. .

Some gamers have pointed out that Axie Infinity's limitations are primarily gaming, not gaming. More importantly, athletic performance is associated with the cost of the speech-language pathologist. If the cost of SLP is too low, players will leave due to lack of hot play income. Given the facts but at Axie Infinity, we are starting to tackle these two key issues.

On December 31, Axie Infinity announced the updated notice of their formal meeting. In 2022, it will unveil a gameplay called Project K, where "K" represents the Kingdom. In the new product line “Elf Kingdom”, the virtual real estate market has introduced and developed a new game.

Axie Infinity has hired a new senior game designer who will build on the existing Project K project and make a number of design improvements to the base game, and the development team has also hired a Take Action for Strong director. Choices. Sharpen and share the beauty of the game (see image below).

Axie's "Project K" Game Design Sketch

As planned, Project K will gradually roll out the existing game in several stages in the near future.

The first phase will focus on virtual land management (manufacturing, capital raising, development and marketing), while the second phase will focus on additional management activities (such as: woodworking skills, activities and relationships / partnerships). ; The third stage focuses on various team sports (defense, combat, victory) and more. Additionally, in order to finish the game well visually, the team did not get the old 2D art style, but recreated the main machine with a release of 3D technology, allowing players to access the real world of sprites. .

More gameplay and the emergence of new features will help Axie Infinity remember lost old players and attract new users in the future. Axie Group also plans to change the standard of the gaming industry, especially in the context of SLP.

In the current version of the game, there is no limit to the release of SLP, and the elf regeneration in the game requires the consumption of SLP, but it constantly increases accordingly, so the cost of its launch is much more. quick as the cost. combustion. High SLP sales and continued decline in inventory. On January 5, Axie Infinity announced an “Equal Business” upgrade that said it would reduce SLP tariffs by reducing SLP supplies and increasing demand.

In terms of product reductions, Axie has reduced the SLP release cost of Daily Operations, PvP and PvE, and increased AXS rewards to replace SLP rewards, while also reducing SLP generation through automation and robotics, which makes it easier for real players. make money .. In terms of growing demand, Axie will undertake to reconsider and expand the implementation of SLP based games.

Improving the game and improving the industry standard are good signs for Axie Infinity, which is locked in a slump. As Axie's career begins to turn around, the Ronin Channel needs to have more hope as well.

Of course, as the public channel continues to evolve towards NFT games, Ronin needs to quickly improve its own ecosystem and develop more apps and games.

In terms of current performance, Ronin has improved its performance and commercial speed compared to Ethereum, and user experience like BSC, Solana and other blockchains. As RON has yet to be announced, no fuel costs for the Ronin replacement, and the chain's fuel consumption level is still unknown, but for public channels that need to run multiple times, it is the case. clear. , oil prices for Ronin chains would have to be higher than those for Ethereum chains considerably lower to keep the chain competitive.

Some in the GameFi industry have noted that Ronin has a unique niche that is orthogonal to NFT gaming, while also gaining popularity early on in the mainnet, starting with Axie Infinity support, laying the groundwork for a future development. GameFi and Metaverse are both in their early stages of development, with more effort and repeatability needed in 2022. If Ronin could become the birthplace of popular gaming in the future, the space for thinking will expand accordingly. .