Rónin Wällèt - The Axie Infinity Wallet
Ronin Wallet is a cryptocurrency wallet that runs on the Ronin network, an Ethereum sidechain. It is accessible as both a browser extension and a mobile app
Last updated
Ronin Wallet is a cryptocurrency wallet that runs on the Ronin network, an Ethereum sidechain. It is accessible as both a browser extension and a mobile app
Last updated
The NFT gamers should be aware of Axie Infinity, the Ethereum-based collectible game that has been gaining popularity since its release in 2018. For those who are unfamiliar with the title, consider Axie Infinity to be a more recent iteration of CryptoKitties which has drawn inspiration from Pokémon.
On a blockchain-based marketplace, players can breed, gather, and exchange adorable animals called Axies as well as virtual lands and stuff. To fight game monsters or contest against other players, they can also join teams. Smooth Love Potion (SLP) tokens, which are a digital currency that can be sold on crypto exchanges like Rain, are the way that Axie Infinity pays its gamers.
The expansion of Axie Infinity was constrained by the high costs associated with the Ethereum network. Sky Mavis creators launched the Ronin blockchain, a tailored sidechain for growing NFT games and it charges cheaper transaction fees. Additionally, the group created the Ronin Wallet, a mobile and browser extension wallet for gamers to save their cryptocurrency and NFTs including Axies.
What's the Benefit of Using a Ronin Wallet?
Ronin Wallet is a cryptocurrency wallet that runs on the Ronin network, an Ethereum sidechain. It is accessible as both a browser extension and a mobile app (Android and iOS).
You can connect to other Decentralized Applications (DApp) that run on the Ronin network as well as the sought-after game Axie Infinity using the Ronin wallet. After creating a Ronin Wallet, you can log in to the Axie Infinity Marketplace to set up your account and start playing the game.
The Ronin Wallet is also best for sending and receiving NFTs and bitcoins using less gas cost. Your Ronin Wallet now supports Wrapped Ether (WETH), Axie Infinity Shard (AXS), Smooth Love Potion (SLP), and USDC.
Gamers on Axie Infinity can acquire AXS and SLP, two ERC-20 tokens, by completing daily tasks and engaging in combat with other users. As of now, you can breed new Axies using AXS and SLP. There will be no AXS breeding requirements in the future because the token would only be utilized as a governance token. SLP can be traded on cryptocurrency exchanges like Rain as well. Users can now trade their NFTs and cryptocurrencies directly by paying low gas expenses.
Install the extension on Chrome or Firefox to generate a Ronin Wallet. As an alternative, you can download the mobile app from Google Play or the Apple Store.
Steps for Creating a Ronin Wallet
Install the Ronin Wallet extension on Google Chrome or Firefox browser
Upon opening the extension, you’ll be redirected to the Ronin Wallet’s setup page. Here you need to set up an account and create a strong password
When you’re done, click on the Create Wallet button
Your seed phrase will be hidden. Click [Reveal Seed Phrase] to reveal it, then copy it. If you ever need to get your wallet back, you should store it in a secure place. Refrain from sharing your seed phrase with others
Enter the seed phrase and click on the Continue button. Now your Ronin Wallet is ready to use.
