Alongside these benefits, ownership of the sidechain means that Sky Mavis can reinvest gas fees into the game. Ronin gives users cheaper transaction fees and faster confirmation times than if Axie Infinity had remained fully on Ethereum. It’s an Ethereum sidechain and was introduced so that Sky Mavis had more control over its entire ecosystem. Sky Mavis created the Ronin network in February 2021. Sky Mavis is backed by the venture capital firm Animoca Brands, which also supports other web3 platforms like The Sandbox and REVV Racing. Today, the company is probably worth much less but is still a giant in the blockchain space. Since then, the game and its ecosystem have endured a rocky period (more of which later). ![]() Sky Mavis was valued at $3 billion in 2021 after a $152 million funding round. The in-game critters, called Axies, are based on Nintendo’s retro classic Pokémon. It began with a simple battle arena-type format in which players could battle each other or fight the computer in progressively more difficult stages. It became a mega-hit in 2021, as people played it worldwide to earn a livable income.
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