Ronin Network to cut RON liquidity rewards on Katana by 50%

The Ronin Network team has provided an update revealing the blockchain platform's developer firm Sky Mavis will reduce the total amount of rewards offered to liquidity providers (LPs) on its decentralized exchange platform Katana.

Timeline of Ronin

The integration of Binance Pay into the Ronin crypto wallet mobile app marks a significant stride in facilitating seamless fund transfers for users. Developers of the app announced this new feature, allowing users to import funds directly from their Binance exchange accounts.

Sky Mavis announced a new partnership with CyberKongz, the creators of an Ethereum-based NFT collection (CRYPTO: ETH) Genkai, an anime-inspired art collection available on Ronin's NFT marketplace, Mavis Market. Sky Mavis is also behind the successful Axie Infinity (CRYPTO: AXS) game, which has earnings exceeding $1.3 billion.

CyberKongz partners with Axie Infinity's creator Sky Mavis to migrate its existing Play and Kollect NFT game and mint the new Genkai NFT collection on the Ronin chain. New Genkai NFT Collection and Game to Be Launched on Ronin According to the press release of July 25, Sky Mavis, creator of the popular crypto game Axie Infinity, starts its new partnership with a growing NFT franchise CyberKongz.

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.

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.