Gaming-Focused Ethereum Sidechain Ronin Partners with Binance Pay for Easier Wallet Funding
Ronin, an Ethereum sidechain designed for gaming, has announced a collaboration with Binance Pay to simplify wallet funding for users. By integrating with Binance Pay, Ronin aims to provide a seamless experience for traders looking to access their funds on Binance and use them outside of the exchange.
The partnership comes as Ronin seeks to address the question of how users can onboard their funds to the platform. With the surge in daily active users of Axie Classic and the popularity of Pixels, Ronin believes this integration will make it easier for individuals to fund their first Ronin wallet and engage in gaming activities.
About Ronin and its Scaling Solution
Ronin was launched in 2021 by Sky Mavis, the company behind the decentralized gaming protocol Axie Infinity. It was created as a scaling solution capable of accommodating millions of daily users. However, in March 2022, the protocol suffered an exploit by the Lazarus Group, resulting in the loss of significant amounts of ETH and USDC.
In February, Norwegian authorities seized nearly $6 million worth of stolen digital assets from the attack. Despite this setback, Ronin continues to operate and currently trades at $1.09.
Hot Take: Partnership with Binance Pay Strengthens User Experience
The integration between Ronin and Binance Pay is set to enhance user experience by providing a convenient method for funding Ronin wallets. This collaboration allows traders to access their funds on Binance and utilize them beyond the exchange environment. With the growing popularity of gaming activities on Ronin’s sidechain, this partnership offers an opportunity for more individuals to easily enter the ecosystem and engage in gaming experiences.
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