Ethereum

Ethereum Gaming Token Ronin price surges to 2-year high after $246,000 ‘Axie Infinity’ NFT sold

RON, the native token based on Ethereum Ronin NetworkIt continued its recent gains, surging to $2.89 on Wednesday, its highest price in nearly two years, according to data from . CoinGecko. It’s up 5% on the day and 57% over the past 30 days.

ronin, Ethereum Sidechains designed for cryptocurrency gaming have been seeing a growing number of users recently, in part due to Pixel’s SuccessSocial farming game migrated from fellow Ethereum scalers polygon Last fall. The game’s Play-Airdrop campaign, which rewards top players with PIXEL tokens, helped fuel the surge in Ronin users.

However, the latest RON pumps were launched after several notable events in the world. axi infiniti, NFTBased monster fighting game developer Sky Mavis originally created Ronin for support in 2021.

On Tuesday Sky Mavis Seventh In-Game Competitive Season From Axie Infinity Origins. Season 7, dubbed “Epic Era,” will offer 18,900 AXS and over 13.7 million SLP as reward tokens, with a total value of approximately $175,000 at the time of this writing.

And early Wednesday, a rare NFT monster from Axie Infinity appeared. 105 Sold for Ethereum, or worth nearly $246,000 at the time of sale. Co-founder of Axie Infinity Jeff Zirlin tweeted. A specific Agamogenic Axie NFT was originally sold for 6 ETH in 2018, which at the time made it worth about $3,300.

Axie Infinity has had tremendous success in 2021, Create billions of dollars of value With games attracting millions of active players, NFT trading volume has increased.

However, the play-to-revenue economics of the game We started to experience difficulties in early 2022. The Ronin network’s Ethereum connection is Hacked for $622 million. Sky Mavis is ultimately Reimbursement to affected Ronin users Since then, we have continued to evolve the Axie ecosystem, gradually attracting more third-party game studios to join the network.

Edited by Ryan Ozawa.

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