TL;DR
- Ronin will launch its sponsored transaction feature on October 9, allowing game studios to cover users’ gas costs.
- The free transaction feature will be discontinued on the same day, and non-sponsored transactions will incur a cost of approximately 0.01 RON.
- Sponsored transactions will follow a double-signature process, allowing users to conduct transactions as if they had no gas fees.
Ronin has announced the launch of its new sponsored transaction feature through Ronin Waypoint, scheduled for October 9.
This innovation aims to address common challenges in the Web3 onboarding process, which have included everything from wallet setup to acquiring the first tokens. With this feature, game studios will be able to cover users’ gas costs, facilitating the onboarding experience for new participants in the ecosystem.
1/ Introducing Sponsored Transactions with Ronin Waypoint
Launching October 9th ⚔️
Web3 onboarding has long been fraught with challenges – from wallet setup to acquiring that first handful of tokens.
Here’s one way Ronin Waypoint fixes this 🧵👇 pic.twitter.com/omoMFJcpqy
— Ronin (@Ronin_Network) October 2, 2024
Over the past few years, the Sky Mavis validator has processed cost-free transactions for all new Ronin Wallet users, as well as for holders of Axie collectibles and Axie Land NFTs. However, on October 9, this free transaction feature will be discontinued, meaning that non-sponsored transactions will now incur a small cost in RON, amounting to approximately 0.01 RON.
How Will Transactions Work in Ronin?
Sponsored transactions will be carried out through a double-signature process: the first signature belongs to the user, while the second belongs to the sponsor. From the user’s perspective, these transactions will appear gas-free, simplifying the onboarding process. Once sponsored transactions are operational, game studios are expected to leverage this feature to cover their new users’ gas expenses, contributing to a smoother integration into the ecosystem.
The mechanism for sponsored transactions involves several steps: the user initiates a transaction, Ronin Waypoint sends a validation request to a sponsoring service, this service verifies the user’s eligibility, and if approved, the fee is nullified in the user interface. Finally, the transaction, signed by both parties, is submitted to the Ronin network.
With the launch of this feature, Sky Mavis has decided to discontinue the free transaction feature, as its original mission has been accomplished. The new Ronin’s technology is seen as more versatile for other parties interested in sponsoring users’ gas fees and is expected to require less maintenance in the future. To facilitate this transition, all new Ronin Waypoint users will receive five sponsored transactions from Sky Mavis upon account creation, which they can use for various purposes, such as swapping and sending tokens
