Axie Infinity developer brings Japanese Web2 games to Ronin
On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity , announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain.
In an email seen by Cointelegraph, the partnership revealed that the first game to be bridged to Ronin is Zoids Wild Arena, inspired by Japan's largest toy manufacturer Tomy's award-winning anime series. It was first unveiled by Tomy in 1983 as a plastic model figure. Other franchises to be migrated include Hello Kitty Aggretsuko and Bubble Bobble.
"Act Games excels at expanding iconic IPs, transcending demographics, and enhancing player engagement. This alliance will allow us to combine our web3 learnings and expertise with nostalgic IP backed by a pre-existing core fanbase," said Trung Nguyen, CEO and Co-founder of Sky Mavis, regarding the development. Initial incentives include Zoids NFTs and a token drop for users who migrate to a Ronin wallet to play the game. Since 2019, Act Games has developed four arcade-style games with net sales of $6.4 million and 3 million downloads.
Since inception, Sky Mavis' Axie Infinity has $4.2 billion in NFT sales volume, millions of daily active users during its peak, and $1.3 billion in revenue. Meanwhile, its Ethereum Virtual Machine-powered gaming blockchain Ronin ranks only behind that of Ethereum itself in terms of NFT sales transactions. The company is currently based in Vietnam and Singapore, with noticeable funding rounds led by investors such as Andreessen Horowitz, Paradigm, Libertus, Mark Cuban, and Binance .
Zoids Wild Arena gameplay | Source: Act GamesRelated: Axie Infinity accounted for nearly two-thirds of blockchain-game NFT transactions in 2021
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will there be a Solana ETF by the end of 2025?
Cboe BZX filed four applications for spot Solana ETFs earlier this week.The approval path for additional spot crypto ETFs should become clearer with a pro-crypto White House administration.
Changes at the SEC start well ahead of Inauguration Day
One federal judge’s rulings this week found that the SEC had overstepped its authority and must vacate the Dealer Rule
Today's Fear and Greed Index fell slightly to 93, and the level is still extremely greedy