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