Introducing Sponsored Transactions on Ronin by Sky Mavis

Introducing Sponsored Transactions on Ronin by Sky Mavis

Reinout te Brake | 03 Oct 2024 17:20 UTC
**Sky Mavis Introduces Sponsored Transactions on Ronin** Sky Mavis, the developer of the popular Ronin blockchain gaming ecosystem, has announced a significant change in how gas fees will be managed within the Ronin network. The company will no longer provide free gas fees for Ronin wallet users, starting on October 9, 2024. Instead, they will introduce a new system called Ronin Waypoint, allowing third-party game studios on the Ronin network to sponsor user transactions. **Simplifying On-Chain Transactions with Ronin Waypoint** Ronin Waypoint is designed to streamline the process of accessing games and managing on-Chain assets for users. By incorporating features like email logins and social account integrations (Google, Facebook, Apple ID), Ronin Waypoint eliminates the need for complex seed phrases or browser extensions typically found in traditional crypto Wallets. The primary goal is to make it easier for users to log in quickly, recover accounts, and interact with their Digital assets. **Sponsored Gas Fees via Ronin Waypoint** The introduction of Ronin Waypoint aims to address a common challenge for new users in the blockchain space: onboarding. Sky Mavis previously subsidized transactions for new wallet users and Axie nft holders. The new system allows game studios or external parties to sponsor gas fees for their users, requiring dual signatures for each sponsored transaction. Sky Mavis believes that this new model will offer scalability, reduced maintenance, and greater flexibility for developers looking to fund user transactions within the Ronin ecosystem. **Transition to a Growing Ecosystem** Sky Mavis' decision to discontinue free gas fees aligns with the rapid expansion of the Ronin network over the last 18 months. Initially known for hosting the Axie Infinity game, the network now supports approximately 20 external game developers, including the popular web3 title, Pixels. With 28 million lifetime user Wallets and close to 1 billion transactions, the network's Growth necessitates a shift to external sponsors covering gas fees. This change will enable developers to provide smoother onboarding experiences while distributing financial responsibilities beyond Sky Mavis. **Cost Implications for Users** While Ronin Waypoint offers a more flexible gas fee management system, users will now incur costs for non-sponsored transactions, approximately 0.01 RON (around $0.02) per transaction. To aid the transition, Sky Mavis will provide five free sponsored transactions for all new Ronin Waypoint users. This shift reflects the company's commitment to enhancing user experiences and creating a self-sustaining ecosystem. **Final Thoughts** Sky Mavis' decision to introduce Ronin Waypoint and phase out free gas fees signifies a move towards a more mature and scalable approach to handling transactions on the Ronin network. By allowing third-party developers to sponsor user gas fees, the company is enhancing user experiences and supporting the Growth of the Ronin ecosystem. Users can visit the official Ronin website to learn more and create a Ronin Waypoint account for sponsored transactions. **For the latest news, stay updated [Link to /news].**

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