Skymavis the company behind the axie infinity has been growing ever since Axie became viral and turns out to be the popular blockchain game on the planet. And the axie universe didnt stopped at one game but instead it went viral with many new games like origins and few new others.
Now the Skymavis has expanded into the blockchain business. They have their own blockchain named Ronin. And they have also created the ronin wallet. This would allow the people to use the wallet to authenticate on games. Think of it as same like Immutable wallet and the other wallts like metamask, trustwallet etc.
Ronin wallet is growing because many new gamers are moving to the ronin chain and wallet. New games on the Ronin blockchain is something we all would be seeing on a growth note. So this is worth taking a look at if you are into blockchain gaming.
Let's take a look at new changes with the Ronin blockchain and wallet.
Ronin wallet Supporting ETH, BNB and Polygon Chains
Wallets and authenticators are only good if they are supporting multi chains like polygon, solana, ethereum and others. This way they would be able to allow holding the multiple assets. And that would also help with the games which allow such type of the funds transfer across the wallet and they can hold the multiple NFTs on the chain. So having such multi chain support on the wallet is necessary these days.
Ronin wallet is nowhere near the metamask and immutable as these are some of the most largest supported authenticators and the wallets. And so it would be reasonable for them to make use of the ronin wallet if they happen to move to the blockchain which games like pixels are already have done. So in such case supporting the BNB, Polygon and Ethereum makes sense.
You can find the reference here.
What does Ronin Wallet Supports?
Ronin is EVM compatible chain and supports all the protocols and the standards of the Ethereum. This includes the ERC-20 and many other ethereum compatible digital assets on the chain. Which means any assets on the ronin chain would be supported with other chain assets too. Which would be something that is happening after recent update.
If you happen to buy the NFTs of the games included in the Ronin chain. There is going to be support for the NFTs to be acccessed through the Ronin wallet and for that matter any ERC supported wallet should be allowing the same. And this also means that any new chains that are supported would be getting the respective digital asset support.
Check the reference here
Ronin Name Service
Let's say you want to secure your identity on the .ron domain name with your wallet on the ronin chain address. So you can now make use of the ronin name service. This would be possible from now onwards. Just like ENS which was meant for the ethereum service, you now also have the support for the Ronin domain names for your wallet address.
Wallet address can be used to point to the Ronin name service and you can also automate the payments for the name service yearly payment to the name. I think this is a good development as of now which would be helping the chain to make the presence like the Ethereum. In near future we are going to see some really good use case for the chain in this way.
SkyMavis has grown to be a blockchain service and now support the Ronin blockchain and the wallet. Axie infinity's company Skymavis has truly scaled into a company that has made the web3 ecosystem possible.