Content
What is Ronin?
5 Popular Games on Ronin
Axie Infinity
Pixels
Thetan Arena
Sipher
Battle Bears
Crypto Subledger Integrated With Ronin (AEM Journaler)
Conclusion
What is Ronin?
Ronin is an EVM (Ethereum Virtual Machine) blockchain, specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title, Axie Infinity, which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.
Ronin is a sidechain of Ethereum and the dedicated chain for the largest blockchain game, Axie Infinity. It aims to address the congestion and high gas fees of Ethereum L1, providing a reliable, fast, and cost-effective solution for the development of the game, while also avoiding future scalability issues associated with existing blockchains.
Ronin Ecosystem:
Ronin Wallet
Bridge
The Ronin Explorer
Purchase (Fiat to Cryptocurrency)
Staking
5 Popular Games on Ronin
Axie Infinity is a virtual world filled with cute, formidable creatures known as Axies. Axies can be battled, bred, collected, and even used to earn resources & collectibles that can be traded on an open marketplace.
Axie Infinity is a card-based idle game that integrates CCG (Collectible Card Game) mechanics. It features a cute art style, and notably, players can trade or sell Axies with anyone, anywhere within the game.
What token can be seen on the public blockchain?
The tokens that can be seen on the public blockchain in Axie Infinity are the Axie Infinity Shards (AXS) and Smooth Love Potions (SLP).
Axie Infinity Shards (AXS):
Purpose: AXS is the governance token for the Axie Infinity ecosystem. Holders can stake their AXS tokens, participate in governance votes, and earn rewards within the game.
Axie Infinity is a game that features "Love Potion." Specifically, it has a token called "Smooth Love Potion" (SLP). SLP is an important in-game resource used for breeding Axies. Players can earn SLP by completing quests, winning battles, and participating in adventure mode. This token can be traded on the market, enhancing the game's economic depth and player interaction.
Smooth Love Potion (SLP):
Purpose: SLP tokens are used in the breeding of Axies. Players earn SLP by playing the game, completing quests, and participating in battles.
2. Pixels
Pixels is a social casual Web3 game powered by the Ronin Network. It involves a mesmerizing open-world game that revolves around farming, exploration, and creation – a simulation management game with a pixel art style.
The game primarily focuses on farm management, where players can manage and develop their own farms by planting crops, raising animals, and harvesting resources. Additionally, the game features exploration gameplay, allowing players to discover new locations, resources, and tasks in a vast virtual world. There is also a creative aspect where players can use collected resources to build and decorate their spaces.
As a Web3 game, Pixels not only allows direct trading between players but also includes an auction house where players can auction their items. This feature enhances social interaction and increases the frequency and efficiency of transactions.
What token can be seen on the public blockchain?
In Pixels, the primary token that can be seen on the public blockchain is PIXEL. PIXEL tokens are used within the game's ecosystem for various purposes, such as trading, transactions, and potentially governance within the game’s economy.
Thetan Arena is a multiplayer online battle arena (MOBA) game that incorporates shooting game elements. Players can use unique heroes to fight, each with different skills and fighting styles. The game features competitive and cooperative modes, and it supports NFT transactions and an in-game economy through the Ronin Network.
What token can be seen on the public blockchain?
Thetan Arena, the primary tokens that can be seen on the public blockchain are Thetan Coin (THC) and Thetan Gem (THG).
Thetan Coin (THC):
Purpose: THC is used as the in-game currency for various transactions, including purchasing heroes, skins, and other items. It can also be earned by playing the game.
Thetan Gem (THG):
Purpose: THG is the governance token of Thetan Arena. It can be used for staking, participating in governance decisions, and earning rewards within the game.
4. Sipher
Sipher is a role-playing game (RPG) set in a universe that combines cyberpunk and fantasy elements, along with bullet hell gameplay mechanics. Players can form teams to embark on adventures, acquire resources and equipment during battles, and breed and trade NFT characters.
What token can be seen on the public blockchain?
In Sipher, the primary tokens that can be seen on the public blockchain are SIPHER and ATHER.
SIPHER:
Purpose: SIPHER is the governance token of the Sipher universe. It is used for staking, participating in governance decisions, and potentially earning rewards.
ATHER:
Purpose: ATHER is the in-game utility token. It is used for various in-game activities, such as breeding, crafting, and participating in the Sipher ecosystem.
5. Battle Bears
Battle Bears is a combat game adapted from the classic IP series, Battle Bears. Players can control different types of bears in battles, with the game blending PVP shooting gameplay and strategic elements. The game supports the trading of NFT characters and items.
What token can be seen on the public blockchain?
In Battle Bears, the primary token that can be seen on the public blockchain is the BB Token.
BB Token:
Purpose: The BB Token is used for various in-game transactions, including purchasing items, skins, and other assets within the Battle Bears universe. It can also be used for trading NFT characters and items.
Crypto Subledger Integrated With Ronin (AEM Journaler)
For accountants or bookkeepers working for game developers or project building on Ronin, you can add wallets for different players and easily sync transactions into Xero or QuickBooks with AEM Journaler.
For integration assistance or if you would like to learn more about streamlining your digital asset finances, please contact AEM Algorithm here.
Conclusion
Gaming has consistently been one of the most promising sectors for Web3 technologies, providing advantages, such as asset ownership and interoperability, transparent gameplay, and token rewards. Nevertheless, the journey to acceptance and widespread adoption is often challenging. Integrating AEM Journaler helps accountants and CFOs adapt to Web3 and blockchain more efficiently.
AEM Algorithm is also currently developing an up-and-coming Mr. Journaler Game based on their crypto accountant mascot. Mr. Journaler is part of their genesis NFT collection, now available for mint on Gamma.
About AEM Algorithm
AEM Algorithm (AEM) is an innovative accounting system provider, empowering Web3 businesses and accountants with advanced solutions and applications for accurate cryptocurrency transaction reporting and financial automation. Our flagship product, AEM Journaler, is a cutting-edge SaaS B2B accounting software that seamlessly integrates with Xero and Intuit QuickBooks. We are the only accounting platform offering a complimentary self-custody crypto wallet, AEM+, under active development.
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Author
Winston Chan Winston is a Core Contributor at Launch Factor, a leading web3 professional accounting firm. He specializes in integrating QuickBooks and Xero with crypto sub-ledgers and reconciling Web3 data for OTC exchanges. Winston holds a First Class Honors degree in Accountancy and an MBA from Nanyang Technological University. As a Chartered Accountant (Singapore), he has gained extensive experience working with esteemed institutions, including OKX, DigiFT, and KPMG. Contact: winston.lf@launchfactor.us Website: https://www.launchfactor.xyz/ |
Rebecca Xiao Rebecca always hopes to participate in learning, discussions, and research about financial compliance in the Web3 industry. Contact: rebeccaxiao25@outlook.com |