The Web3 gaming sector is undergoing a revolution with the impact of blockchain projects like Ronin, Axie Infinity, and BinaryX. Let's explore how these platforms are reshaping the industry.
Ronin: Expanding Influence in Web3 Gaming
Ronin (RON) has established itself as a leading EVM-based blockchain preferred by Web3 game developers. Developed by Sky Mavis, it supports millions of users daily. The Ronin network reports 250,000 unique daily active addresses and generates $5 billion in Total Value Locked (TVL), commanding a 15% share of the NFT market and supporting the decentralized exchange Katana.
Axie Infinity: Evolving NFT Gaming
Axie Infinity is a leader in NFT gaming with its trading game utilizing the AXS token. Players can use Axies as NFTs for battles and for breeding new Axies. The game rewards players with Small Love Potion (SLP) tokens used for breeding new Axies, capped at a maximum of seven.
BinaryX: New Frontiers in GameFi
BinaryX shifted its focus to developing a GameFi ecosystem. The platform introduced popular BNB Chain games like CyberDragon and CyberArena, and released CyberChess in September 2022. BinaryX also offers IGOs for Web2 developers aiming for Web3 gaming transition.
Ronin, Axie Infinity, and BinaryX are pivotal in advancing the Web3 gaming industry, offering innovative solutions and driving the growth of NFT and GameFi sectors.
