CyberKongz to Mint New NFTs on Ronin Sidechain in Attempt to Fight Market Slump

CyberKongz will launch a new non-fungible token (NFT) collection, Genkai, on Axie Infinity's Ronin sidechain this Thursday to boost volumes amid a broader slump in the NFT market.

Timeline of Ronin

Gaming-focused layer-2 blockchain Ronin network announced Thursday the launch of its widely anticipated staking feature following an upgrade to the delegated proof-of-stake (DPoS) consensus mechanism. The platform has also onboarded five gaming studios into its ecosystem.

The Ronin bridge, an Ethereum sidechain designed to facilitate the growth of the Axie Infinity universe, has had a mountain to climb following its major exploit in April, which led to hundreds of millions of dollars being stolen by hackers. The post Nansen Ronin report reveals 82.7% drop in Q2 TVL, struggle to attract validators but bullish signs ahead appeared first on CryptoSlate.

Ronin NFT sales fell below $1 million in August due to a steep decline in unique buyers of digital collectibles and dwindling interest in the market as a whole. The post Ronin NFT Sales Fall Below $1 Million for the First Time in 16 Months appeared first on BeInCrypto.

The creator of the hugely popular Axie Infinity game, Sky Mavis, has announced that it has partnered with Google Cloud.  The partnership will help significantly tighten the Ronin blockchain's security and allow it to scale securely and sustainably.

Blockchain analytics and security service provider, Chainalysis has helped in the recovery of $30 million in funds stolen from the Ronin Bridge by the elite North Korean hacking outfit, Lazarus Group

The firm collaborated with US law enforcement to track where the North Korea-linked hackers laundered the funds.  The post Chainalysis and US law enforcement recover $30 million from North Korea-linked Ronin exploit appeared first on The Block.

An on-chain investigation by SlowMists reveals that the privacy protocol ChipMixer was used by Ronin bridge hackers (the Lazarus Group) to launder  3460 BTC ( $73.2 million as per press time). The post Ronin bridge Hackers used ChipMixer to launder over $73M of stolen funds appeared first on CryptoSlate.

Sky Mavis' Ronin Sidechain has added three new validators to the project, increasing the validator set to 17. New Ronin validators include Efficient Frontier, Community Gaming, and Nansen.

Ronin has added three new validators as it aims to boost security following the $600 million hack in March. The post Sky Mavis' Ronin sidechain expands to 17 validators to boost security appeared first on The Block.

Ronin sales crashed to a new low in June due to decreased investor interest in non-fungible tokens (NFTs).  The post Ronin (RON) NFT Sales Plunge More Than $120 Million to 2022 Low appeared first on BeInCrypto.