On-Chain Wagers Coming to Ronin: A New Era for Gaming with Tribally

BY
Josh Sanhi
/
Nov 26, 2024

Ronin fans rejoice as Tribally’s “Wagering” feature goes live on the Ronin Network this November! Gamers will be able to make bets on various PvP game matches directly through their Ronin wallets. Here’s what it’s all about! 

What is Tribally?

Tribally is an entertainment platform that introduces a unique way for players to interact and compete. It operates using blockchain, allowing different gamers to connect, play, and discover new Web3 games! 

Built to support both casual and competitive gamers, Tribally offers a wide range of gaming activities where users can engage in player-versus-player (PvP) battles, earn rewards, show off their gaming achievements, and place bets (Wagers) on game outcomes. Tribally is powered by $TRIBAL, its native cryptocurrency, and now supports $USDC (a popular stablecoin tied to the value of the US dollar) as an option for wagering. 

What are Wagers in Tribally?

In Tribally, wagers are essentially bets placed on the outcomes of PvP matches. With wagers, players can choose to bet on their own matches or on those of others, using either $TRIBAL or $USDC. Here’s how it works:

  • Placing Wagers: Players select a game and place a wager on who they think will win a PvP battle. Wagers are executed via smart contracts (automated blockchain programs) that ensure bets are handled securely and transparently. This setup eliminates any chance of tampering with results.
  • Earnings: Winners earn the amount wagered, minus a small commission, which goes towards the platform and game developers. Players who consistently perform well in PvP matches can accumulate significant earnings through this system.
  • Benefits for All Parties: By using wagers, both players and developers benefit. Players earn from betting on games, while game developers receive a percentage of the wager commissions. Wagers also combats the typically inflationary mechanics of other on-chain games, where tokens are rewarded endlessly. Through wagers, no value is consistently extracted from the game economy. 

What is Ronin?

Ronin is a blockchain network specifically designed for gaming, developed by Sky Mavis, the creators of the popular game Axie Infinity. Ronin’s key advantage is its focus on scalability and affordability, allowing large numbers of transactions to occur quickly and at low costs. These features make Ronin ideal for gaming platforms like Tribally that require rapid transaction speeds and low fees to support wagering and other gaming activities. Ronin also offers its own wallet through the Ronin Wallet. It acts as a digital storage space where users can hold, send, and receive various cryptocurrencies. By integrating with Ronin, Tribally users can easily access and manage their assets directly from their Ronin wallets, making transactions quick and secure.

On-Chain Wagers Coming to Ronin 

This November, Tribally integrates with the Ronin network by bringing on-chain wagers to the Ronin ecosystem. Players will be able to place $USDC wagers directly on the Ronin Network as well as through their Ronin wallets. This matters for several reasons: 

  • Enhanced Security and Transparency - By integrating with Ronin, Tribally brings their on-chain wagers to a platform designed specifically for gaming. With each wager recorded on the blockchain, outcomes are immutable, meaning they can’t be altered or tampered with. Smart contracts automate the entire wagering process, guaranteeing that every bet placed follows transparent, pre-set rules. This level of security and transparency is essential for building trust among players. All users can confidently engage in wagers without worrying about unfair practices or hidden manipulations.
  • Access to Ronin’s Expansive User Base - Ronin is one of the most popular networks in on-chain gaming, thanks to games like Axie Infinity. By bringing Tribally’s wagers to Ronin, the platform opens itself to a massive pool of active users who already rely on Ronin’s high speed and user-friendly wallet. These players can now access Tribally’s unique wagering features without needing to switch networks.
  • Lower Transaction Fees - One of Ronin’s standout features is its affordability. Ronin is optimized to support a high volume of transactions at minimal cost, which is ideal for Tribally’s model that relies on frequent wagers. By making use of Ronin, Tribally ensures that players can place bets without worrying about high fees eating into their potential rewards, making it more accessible for a wider audience.
  • Cross-Platform Play - Ronin’s compatibility with other blockchain ecosystems paves the way for a more interconnected gaming environment. Players can use their Ronin wallet to participate in Tribally wagers, allowing them to keep all their gaming assets and funds in one place. This seamless experience is more convenient for gamers as it enables easy movement between platforms and games within the Ronin ecosystem and beyond.

Overall, this partnership between Tribally and Ronin serves as a model for future collaborations in the blockchain gaming space. Gaming doesn’t need to be tied to separate centralized developers. By combining Tribally’s unique wagers with Ronin’s popular ecosystem, Web3 gaming will definitely get a huge boost! 

Josh Sanhi
Trader/Technical Analyst, Long-term Investor, Finance Enthusiast, Research Core Contributor at Bitskwela

A mental health practitioner/advocate interested in helping people achieve financial freedom through Web3. Fascinated by technical analysis and trading psychology; main tools are Classical Charting and Japanese Candlestick Theory. Avid follower of the macro-economy.

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