What do I think @Ronin_Network needs to get to the next step? My loose thoughts on the current state of affairs.
1) More homegrown builders.
Over the last many years, Sky Mavis has always spoonfed content to the community. It was hard to engage outside of being a community member or supporting by buying the projects. You almost had to be a consumer.
We need to create better tooling/distribution for devs to want to deploy on Ronin, and better ways to support all the people building on the ground floor. I'm talking about the people who don't have VC funding and wanting to hack cool stuff. We have seen more founders emerge with the launch of tama, so we're building on this to provide some better ways for players/users to become owners/founders.
We NEED more people who want to rotate from being just a consumer -> producer of value. I'm always happy to talk to people who want to take this step and share our learnings.
2) Better cooks.
We need more products that can cook. Games take a long time to build and ship to market. Memecoins have shorter cycles. Web3 don't care about games because they want a quick hit. There is significantly more volume/money in defi than games (unfortunate truth).
Axie was the first cook for gaming.
Pixels is the second cook for gaming.
Abstract - a couple of their games are cooking right now but needs more time to see how it's going.
Base - people are speculating the kanye drop, look at the deposits.
Avax - people want to get into buying the recent token launches, seeing hundreds of millions of inflows on chain. Multiple tokens reaching 100M+ FDV getting general CT interested.
I think most of the top traders/trenchers on Ronin realize this and are trying to support some of the projects that are moving. If these don't cook, I don't think we'll see major TVL or volume moving over in the short term. We'll get more people who want to farm airdrops and be consumers.
This is a very deep subject so I'll save further thoughts later.
3) More Volume/Liquidity.
Ronin did not have many ways to engage in trading before Open Ronin. You could only LP to farm rewards, play games to farm airdrops, or hold NFTs.
I think with the migration of games, when they do their airdrops, we'll see more liquidity events where the users on Ronin will become "richer". Pixels gave everyone a stimmy. This is a net positive. More money to spend = more liquidity on chain.
However, right now it's very silo'd.
On Mavis Market, we usually see 2000-4000 holders for the collections. This is not a good thing imo.
Everyone is just rotating liquidity in a small pond. How do we make the pond bigger? Leaning into defi harder on ronin, or onboarding more web2 gamers with a cook.
Whales are usually the ones holding bags. That's probably why most are just sitting on their bags and waiting on something to happen. We need to prove to them that they can get value too. Could be a web3 cursed problem?
I'm not sure what will move the needle on this without the first two. Games will likely put more capital into the pockets of players, but a lot of it may just move off-chain. Game devs will get more value from getting royalties and people trading on their assets, I think there is a middle ground where games can get value using web3 primitives to still bootstrap and get revenue. We're seeing Limitbreak push towards this through smart contract innovations.
4) More users
This will come with more cooks and volume. If assets are too stagnant, there is nothing to trade on. Volatility is good for speculators, but bad for games. We're seeing this play out.
Games on ronin have limited assets to trade on, the best showcase for this was probably lumiterra, ragmon, wildforest, and maybe fableborne + RO soon?
5) Conclusion
How can we create a cook where everyone feels like they need to catch up?
How can we lean into defi more so that more TVL and users with capital move to Ronin?
We need to support projects that are building more, and support the people who are flipping from consumers to providers.


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