Ronin Enters Layer 2 zkEVM Scene With Polygon CDK

Godfrey Benjamin
June 19, 2024
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Ronin Enters Layer 2 zkEVM Scene With Polygon CDK

Highlights

  • Ronin is looking to launch Layer 2 protocol on the Ethereum blockchain
  • The protocol is leveraging to Polygon CDK to achieve this goal
  • Polygon CDK is finding intense embrace from users in the industry

Gaming-focused Layer-1 blockchain Ronin is making its foray into the Layer 2 (L2) ecosystem with the introduction of a zero-knowledge Ethereum Virtual Machine (zkEVM).

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Polygon CDK to Upscale Ronin Ecosystem 

Ronin, one of the pioneers of Web3.0 gaming which also doubles as the blockchain behind Axie Infinity, has revealed its intention to launch zkEVM.

It is trying to enable the permissionless creation of L2s in its ecosystem. According to Polygon co-founder Sandeep Nailwal, the potential solution will leverage Polygon Chain Development Kit (CDK), a modular open-source software toolkit for blockchain developers to launch new L2 chains on Ethereum (ETH).

Nailwal is positive that the launch of Ronin zkEVM will be a welcomed development. He said this considering how much the Ethereum community loves Axie Infinity and the Ronin ecosystem.

In a published statement, Ronin highlighted that the offering will provide game developers with the ability to launch their L2 blockchains on Ronin mainnet. Furthermore, it was stated that the new Ronin chains will utilize zero-knowledge (ZK) proofs to welcome more games. This will empower players and ultimately enhance economic freedom.

So far, the Ronin network has displayed a positive sentiment encompassing an increased Total Value Locked (TVL) and an unprecedented price rally. The integration with Polygon CDK and the foray into the burgeoning may usher in the next phase of growth for the blockchain’s ecosystem.

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Polygon CDK Sees More Use Cases

Meanwhile, the use of Polygon CDK is fast becoming a delight in the blockchain industry owing to its advanced developer technology. In December, Polygon announced that Indian e-commerce company Flipkart showed interest in integrating its CDK-deployed L2 chain to boost FireDrops. By utilizing Polygon CDK, developers get to easily design and launch their ZK L2 applications on the Ethereum network.

Shibarium’s rival ShibChain is an Ethereum L2 protocol that is built on Polygon’s CDK. Even as the protocol is growing, the Polygon blockchain is also putting effort into expanding the solution.

Polygon made an intentional effort of shutting off contributions to the Edge framework, also known as Supernets. The protocol decided that it was more inclined towards channeling its resources towards the CDK solution. It may be safe to say this effort is gradually paying off with many projects jumping on the every opportunity to leverage the protocol.

Read More: ZKsync Sees $500M Sell-Off in Tokens Post-Airdrop, Data Reveals

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.