Ronin is coming home to Ethereum.
Ready Layer Two ⚔️
Four years ago, we built Ronin because Axie Infinity needed a faster, more efficient network. Ethereum was still early in its scaling roadmap. Necessity was the mother of our invention.
However, things are different now. Ethereum is BACK. Transaction costs and speeds are better than ever. We’re early to a new era of growth, and Ronin is ready to rise.
Gaming will always be in our DNA, but we’re setting our sights on fulfilling a larger prophecy: becoming the gamification engine of Ethereum.
Ronin will become a full-fledged, Ethereum-aligned L2 by next year, and this is how it’s going to happen 👇
A lot of folks don't know how to buy or swap $REKT so share this so it make its rounds
1.) BUY ETHEREUM
2.) SEND TO METAMASK
3.) CLICK SWAP
4.) TYPE REKT
5.) FIND THE LOGO AND TOKEN
Alternative
1.) BUY ETHEREUM
2.) CONNECT TO UNISWAP
3.) TYPE REKT
Contract: 0xdd3B11eF34cd511a2DA159034a05fcb94D806686
Amazing to see so many major L2s now at stage 1.
The next goal we should shoot for is, in my view, fast (<1h) withdrawal times, enabled by validity (aka ZK) proof systems.
I consider this even more important than stage 2.
Fast withdrawal times are important because waiting a week to withdraw is simply far too long for people, and even for intent-based bridging (eg. ERC-7683), the cost of capital becomes too high if the liquidity provider has to wait a week. This creates large incentives to instead use solutions with unacceptable trust assumptions (eg. multisigs/MPC) that undermine the whole point of having L2s instead of fully independent L1s.
If we can reduce native withdrawal times to under 1h short term, and 12s medium term, then we can further cement the Ethereum L1 as the default place to issue assets, and the economic center of the Ethereum ecosystem.
To do this, we need to move away from optimistic proof systems, which inherently require waiting multiple days to withdraw.
Historically, ZK proof tech has been immature and expensive, which made optimistic proofs the smart and safe choice. But recently, this is changing rapidly. https://t.co/MRqAcqiGre is an excellent place to track the progress of ZK-EVM proofs, which have been improving rapidly. Formal verification on ZK proofs is also advancing.
Earlier this year, I proposed a 2-of-3 ZK + OP + TEE proof system strategy that threads the needle between security, speed and maturity:
https://t.co/Z5N81HiiNi
* 2 of 3 systems (ZK, OP) are trustless, so no single actor (incl TEE manufacturer or side channel attacker) can break the proof system by violating a trust assumption
* 2 of 3 systems (ZK, TEE) are instant, so you get fast withdrawals in the normal case
* 2 of 3 systems (TEE, OP) have been in production in various contexts for years
This is one approach; perhaps people will opt to instead do ZK + ZK + OP tiebreak, or ZK + ZK + security council tiebreak. I have no strong opinions here, I care about the underlying goal, which is to be fast (in the normal case) and secure.
With such proof systems, the only remaining bottleneck to fast settlement becomes the gas cost of submitting proofs onchain. This is why short term I say once per hour: if you try to submit a 500k+ gas ZK proof (or a 5m gas STARK) much more often, it adds a high additional cost.
In the longer term, we can solve this with aggregation: N proofs from N rollups (plus txs from privacy-protocol users) can be replaced by a single proof that proves the validity of the N proofs. This becomes economical to submit once per slot, enabling the endgame: near-instant native cross-L2 asset movement through the L1.
Let's work together to make this happen.
🚨BREAKING🚨: @CryptoGarga, the last remaining cofounder of @BoredApeYC and CEO of @yugalabs, says he's not sure why he's doing this 5 years later for 0 money and still holding his ape!
Might be time for a CTO of BAYC and MAYC.
If 3 of the 4 cofounders already left and now the last man standing is crashing out and leaving ape chats sounding like he wants to quit, what's next? Apes going to zero!
Yuga made over $1B in less than 3 years and he claims to be doing this for "0 money" just days after selling $500k worth of telegram stickers.
They also just sold off Moonbirds and CryptoPunks after selling HV-MTL and Legends of the Mara all for undisclosed amounts.
Apefest been weaker every year and it's getting pretty lame tbh. They even started charging for tickets, and this year is just a 4-hour event at a kids arcade.
Is yuga broke? Did they burn thru all that cash already? Why did they sell off all those projects and shut down the ApeCoin DAO? They need the DAO treasury to keep them afloat for a few more months?
And no, this ain't Photoshop. Yes, I'm leaking screenshots from the chat, and yes, I'm fudding my own bags cuz idgaf. If you don't like it block me and gfys. You'll realize i was right soon enough.
I should prob just floor it and gtfo before they go to zero.
I'm so old I wrote that!
That's assuming it's the Windows version, which is the one I worked on. The Win9x game, art, and original code, were done by Maxis/Cinematronics. I ported it to Windows NT, converted the x86 asm to C, made it work on RISC, and so on.
Success has many fathers, and all credit should really go to the original designers... I'm just the fun uncle that brought it to the masses.