Ronin RON
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a16z (Andreessen Horowitz) Tier 1
Animoca Brands Tier 2 RONRonin
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Short Review Ronin
Crypto project Ronin (RON) is classified as a Blockchain Service. Ronin is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.00 B RON (Circulating Supply + Tokens yet to be released - Burned Tokens).
(RON)
RON Price Chart
The launch of RON token trading took place on 27 January 2022.
Fundraising Rounds
Total amount of funds raised by the Ronin project is $159.00 M.
| Investment Round | Date | Price | Funds Raised |
| Series B Round | October 2021 | -- | $150.00 M |
| Series A | May 2021 | -- | $7.50 M |
| Seed | November 2019 | -- | $1.50 M |
Ronin Investors
a16z (Andreessen Horowitz) Tier 1 Animoca Brands Tier 2
ConsenSys Tier 2
Hashed Tier 2
500 Startups Vietnam Tier 3Ronin (RON) Cryptocurrency
Ronin (RON) is a blockchain-based platform that aims to solve scalability issues in the gaming and non-fungible token markets (NFT).
Ronin works as a sidechain for the Ethereum blockchain, allowing for fast and low-cost transactions without the need for high gas fees. Ronin also uses a technology called ZK-rollups, which allows thousands of transactions to be combined and processed as a single transaction, further increasing scalability and reducing costs.
History of the Ronin project
The Ronin cryptocurrency project was officially launched in early 2021 by the Vietnamese technology company Sky Mavis. The Ronin platform aims to address scalability issues through the use of ZK and a Proof-of-Stake consensus mechanism. Since its launch, Ronin has captured the attention of the gaming and blockchain communities for its innovative approach to these issues.
Ronin (RON) Advantages
- Focus on the gaming industry. The platform is designed to process large volumes of transactions, which is extremely important for gaming applications. Additionally, Ronin's architecture allows for seamless integration with other blockchain-based gaming platforms, which can result in a more connected and immersive gaming experience.
- Commitment to Sustainability. The platform uses a Proof-of-Stake consensus mechanism, which is less energy-intensive than the Proof-of-Work mechanism used in many other blockchains.
Disadvantages of Ronin (RON)
- Problems of decentralization. It is currently less decentralized than some other blockchain platforms, as the Sky Mavis team retains a significant degree of control over the network.
- Since Ronin is a relatively new platform, there is some uncertainty regarding its long-term viability and adoption.
