Ronin Shifts to Ethereum on May 12, Unveils New Rewards
The Ronin network is set to integrate with Ethereum as a Layer 2 solution on May 12, significantly reducing RON token inflation from over 20% to under 1%. A new reward system, Proof of Distribution, will allocate RON based on builders' on-chain activities like NFT volume and gas spend. The migration will involve approximately 10 hours of downtime for key on-chain operations.
- Entities
- Company: Sky Mavis
- Game: Ronin
- Platform: Ethereum
- Topic: Cryptocurrency
- Topic: Blockchain
- Topic: Web3 Gaming
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