The Ronin Network, a company that focuses on blockchain and NFT markets, has recently launched its staking platform. With this, users are able to participate actively in maintaining the Ronin Network and also receive benefits from doing so. Coin holders are able to delegate their tokens to any of the twenty-two validators who have configured their nodes according to their contributions, up-time and commission rates prior to April 12th. The Ronin Network is a major milestone for the wider crypto and NFT industry as it illustrates the growing acceptance of blockchain among the gaming industry.

The news of the Ronin Network platform was even more exciting as the first game studio partners were revealed. This signals the launch pad of Web3 games. One of the partners, Directive Games, has planned to develop The Machines Arena, which is a cross-platform team-based shooter.

The company is asking the community to spread the word to the public outside of their network. It is also essential to note that all the other games are still in development and have yet to open up for token sales or NFTs. Therefore, the community has to be vigilant for any forms of fraud.

The Ronin Network staking and game developer projects are a remarkable success for the crypto and NFT world after being hacked in a major security flaw. More than $620 million in crypto was lost due to the bridge event. This is one of the most enormous hacks ever documented in the crypto industry.

All in all, the Ronin Network platform is a fantastic leap for the gaming industry and is able to demonstrate the trust of the public despite the massive breach that occurred. Token holders now have the opportunity to maintain the network by delegating their tokens and earning rewards, increasing the utilizing business of crypto. As the other projects are still being developed, the public should still be on alert for any kind of fraud.



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