Ronin NFTs "Origins & Beasts" Migration
APR
17
Event date
Thursday 17 April 2025, UTC
Event description
- Ronin Network, a blockchain tailored for gaming since its 2021 launch by Sky Mavis, is facilitating the migration of Origins and Beasts NFT collections from Arbitrum to its ecosystem, starting the week of April 14, 2025, to leverage Ronin’s EVM compatibility and low-cost transactions, which average $0.02 per swap compared to Arbitrum’s $0.50 as of 2024 data from L2Fees.
- The migration, led by Kuroro Beasts—a Web3 gaming project—follows a trend of NFT projects like Forgotten Runiverse moving to Ronin for better gameplay and broader reach, driven by Ronin’s 700,000 daily active users in 2024, a 300% increase since 2022, largely due to Axie Infinity’s success, per DappRadar.
- This strategic shift could boost Ronin’s $RON token price, as migrations often increase network activity; a 2023 study by Chainalysis found that layer-2 migrations can lead to a 15-20% token price surge within 30 days if user adoption rises, though risks like Arbitrum’s 2023 outage—causing 2-hour downtime—highlight potential stability concerns.
Ronin
Ronin
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