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Popular Game with 68 Million Users at Peak Moves to Ronin

RON soars nearly 10% as the Ronin network welcomes a game having 68 million players into its ecosystem.

a game controller with a digital background

Ronin network, the game-centric sidechain built on the Ethereum network, has announced the addition of a big game to its platform. Ragnarok, a billion-dollar transmedia IP, will be bringing its success in traditional gaming into the Web3 space. Following the announcement, RON saw a sharp price surge of about 10%.

Ragnarok Joins Ronin Network

The joint platforms will create a game called Ragnarok: Monster World. It will be an immersive strategic game that promises a combination of “tower defense and monster collecting elements.” Gamers will also collect on-chain and off-chain Ragmons monsters to level up their gaming experience. While the game is currently under development, the developer team noted that it will be unveiled in the third quarter of 2024.

With this collaboration, Ragnarok’s 68 million active gamers across the globe will be able to tap into the blockchain-based game and benefit from the perks of Web3 gaming.

Sky Mavis’ CEO and co-founder, Trung Nguyen, explained that the latest initiative will help to expand Ronin Network’s geographical reach within Asia.

“Ragnarok, with its massive community, holds a special place in the hearts of our core audience in South East Asia, including many of our own team members who grew up as avid fans. We are committed to bringing IP that will transcend gaming culture through our bleeding edge technology and can’t wait to see the Ronin Effect work its magic on Monster World,” he said.

Once the Ragnarok-branded game goes live, it will join a cohort of popular games within the Ronin network. Prominent among them is Axie Infinity, the sidechain’s flagship game. Sky Mavis is the brain behind the game and the Ronin network.

Impact on RON’s Value

Interestingly, RON’ price saw a quick price jump by about 10% to a trading price of $3.4, as shown in the chart below.

Source: CoinStats

Mishael Nwani

Mishael Nwani is an avid crypto enthusiast with nearly four years of experience in the industry. Since 2022, he has covered topics across cryptocurrencies, NFTs, artificial intelligence, and financial markets.