Google Cloud Will Validate Transactions On Axie Infinity’s Ronin Network

In short

  • Google Cloud has agreed to run a validator node on the Ronin Network, a gaming-centric Ethereum sidechain.
  • Ronin was attacked in March in one of the biggest DeFi heists of all time. About 10% of the funds have been recovered so far.

As Axie Infinity Sky creator Mavis is working to further decentralize its Ronin network, a custom solution Ethereum sidechain designed for Nft-powered games—the Web3 Startup enlisted one of the biggest tech giants Web2 to help their cause.

Today, Sky Mavis announced that it has reached an agreement with Google Cloud that will see the international tech juggernaut’s cloud computing division run a validation node on Ronin. This means that Google Cloud will help secure the sidechain network and process transactions.

A representative for Sky Mavis declined to share specific terms of the deal. According to a press release, Google Cloud had already been the startup’s “strategic cloud partner” since 2020, but this is a new wrinkle in their relationship. cloud solutions company Searce will contribute to the collaboration.

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“Sky Mavis is a great example of how the cloud can enable blockchain technologies to drive innovation and value creation for individuals,” said Google Cloud’s general manager for Southeast Asia, Ruma Balasubramanian, in a statement. “Alongside Searce as an implementation partner, we look forward to working with Sky Mavis to accelerate its product roadmap and grow the Ronin network with secure infrastructure at its core. We’re also excited about the possibilities that could emerge from this latest collaboration, from entertaining user experiences to new business models in game distribution. »

Google Cloud will be the 18th validator on Ronin, which represents a doubling in the count from the network lost $552 million worth of cryptocurrency in a high profile mars attack.

In this hack, five of the nine validators were compromised using hacked private keys, and the US Treasury blamed the North Korean state-sponsored hacking group lazarus for mischief.

Sky Mavis is looking to reach a total of at least 21 validators for Ronin, and has also added companies like starting web3 game guild Yield Guild gamesblockchain analytics companies Nansen and DappRadarand leading game investor and publisher in the metaverse Animoca brands.

Google Cloud has already partnered with other blockchain and distributed ledger-based networks, validating transactions for video platform startup Theta Labs and join the Hedera Hashgraph Board of Directors. In May, Google Cloud said it had formed a Web3 team to help power blockchain applications.

Catching up with Axie Infinity

Axie Infinity is a monster fighting game built around collectible NFT assets, and the Ethereum game has generated over $4 billion in NFT sales to date.

The game economy to win has in difficulty since the end of 2021however, with Sky Mavis releasing a revamped version of Origins with improved gameplay and a optional free-to-play model.

On Thursday, blockchain analytics firm Chainalysis reported that more than $30 million worth of crypto funds were stolen during the Ronin network hack in March. were recovered by investigators because they were laundered through exchanges.

At current crypto prices, this represents about 10% of the total amount stolen in the crypto heist, which targeted the bridge connecting Ronin to Ethereum.

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Google Cloud Will Validate Transactions On Axie Infinity’s Ronin Network

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