BasementDAO recently announced its strategic acquisition of $RON and shared the news with users through a series of official tweets.

The tweets detailed how Ronin Network serves as a proven, scalable EVM blockchain tailored for gaming developers and player-driven economies. With a market valuation of $215 million and its token priced at $1.02, the network's average buys stand at $0.65, amounting to a valuation of $136 million. By acquiring Ronin Network, BasementDAO aims to assist developers in managing, launching, and cultivating in-game communities and economies.

BasementDAO highlighted the significant spending by US consumers on in-game content, purchases, and transactions, amounting to over $47 million in 2022 alone. They view Ronin as a powerful network poised to dominate the gaming and play-to-earn sectors.

Since its launch in 2021, Ronin Network has achieved remarkable milestones, including the launch of $RON in 2022, 42 million total transactions, $4.1 billion in NFT volume, 11 million total addresses, and 140,000 monthly active addresses. The network also offers a suite of blockchain tools and platforms catering to gamers, general users, and developers, including Ronin Wallet, Katana DEX, NFT marketplace, Mavis Hub, RON Staking Portal, multi-sig and bridging, as well as Sablier, Ramp, and APYVision.

With 125 million RON tokens staked across 12k delegators, Ronin Network staking provides one of the best experiences on any Layer 1 network, offering an average of 21% APR with validators such as Google and Nansen AI.

The acquisition has been warmly welcomed by the community, anticipating significant results in the years to come.