BasementDAO announces strategic acquisition of $RON on Twitter

BasementDAO recently announced a strategic acquisition of $RON. The DAO released an official string of tweets to inform users about the acquisition.

The tweets explained how Ronin Network acts as a tested, scalable EVM blockchain for gaming developers and player-based economies. The network boasts 215 million dollars in market valuation, with its token valued at 1.02 dollars.

Its average buys is 0.65 dollars, with a valuation of 136 million dollars. By acquiring Ronin Network, BasementDAO will gain the ability to help developers run, launch, and build in-game communities and economies. 

The DAO talked about how US consumers spent over 47 million dollars on in-game content, purchases, and transactions in 2022 alone. BasementDAO sees Ronin as a potent network capable of ruling the gaming and P2E arenas.

Launched in 2021, Ronin Network has achieved massive feats to support its name. Some of these feats include:

  • Launched $RON in 2022
  • 42 million total transactions
  • 4.1 billion dollars in NFT volume 
  • 11 million total addresses
  • 140,000 monthly active addresses
  • 0.0001 dollar average transaction cost
  • 2 million total NFT holders

Besides such achievements, Ronin has also devised a suite of blockchain tools and platforms aimed at gamers, general users, and developers. These tools include:

  • Ronin Wallet 
  • Katana DEX
  • NFT marketplace 
  • Mavis Hub, a launchpad 
  • RON Staking Portal
  • Multi-sig and Bridging
  • Sablier, Ramp, and APYVision

With 125 million RON tokens staked across 12k delegators, Ronin Network staking is currently one of the best experiences on any Layer 1 network. The network secures an average of 21% APR with validators such as Google and Nansen AI.

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The community has presented a warm welcome to the acquisition and expects it to yield massive results in the coming years.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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