Axie Infinity Announces its Ethereum Sidechain Ronin Has Gone Live
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Axie Infinity Announces its Ethereum Sidechain Ronin Has Gone Live

February 2, 2021      Vandana Malik

Axie Infinity, a Pokemon-inspired blockchain game, has recently announced that its Ethereum sidechain called Ronin has gone live now. Sky Mavis, the developer of Ronin has said that the major reason behind developing this sidechain is to ease out the pressure of Ethereum network congestion. Along with this, it is also meant to reduce the gas fees for the players. 

Axie Infinity Seen Rapid Growth in Past Few Years

In the past few years, it has been seen that Axie Infinity has seen impressive growth. According to Mavis, working on an Ethereum mainnet is more like training in a gas chamber. He has given a reference of a really popular DragonBall universe here. Back in the previous year, it has been seen that there was a sudden outbreak of the decentralized finance (DeFi) sector. Because of this surge, Ethereum blockchain had to go through a struggle and there have been huge delays in transactions. Along with this, the gas fees have skyrocketed, which caused some major problems. 

Ether Deposits and Withdrawals Already Enabled

According to the announcement, in the first stage of migration, there will be the transfer of land and items to Ronin. It was also mentioned that both the deposits and withdrawals for Ether have already been enabled by the firm. In order to have access to this, the users are required to install the new browser extension for both Chrome and Firefox. In the next few weeks, it will also extend support for a hardware wallet. In stage two of migration, there will be token claiming, breeding contracts, and staking mechanisms as well. After the completion of these two stages, the Axie Infinity community will be migrated to a completely new chain. However, it is yet to be seen how it is going to reduce the network congestion as well as gas fees on Ethereum blockchain.

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Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.