Sky Mavis, the developer of the play-to-earn game Axie Infinity, has announced it will reimburse victims of the Ronin bridge hack and relaunch the bridge next week.
Attackers stole more thanin the hack in March, comprising 17,600 Ethereum (ETH) and 25.5 million USDC tokens.
Users will be able to withdraw one ETH for each one they held prior to the attack once the bridge reopens on June 28, Sky Mavis told Bloomberg.
The attacker movedaround shortly after the hack, using TornadoCash to hide their movements. The decentralized finance (DeFi) market has lost over to theft so far this year.
Hacks occur with some frequency in the crypto market, but the Ronin attack was notable by any measure. Crypto projects are now extra cautious about the security of their tech, especially with more eyes on the market following the crash.
Still, projects with the foundations in place continue to do well even after such incidents. Axie Infinity and Sky Mavis are themselves good examples of this.
Axie Infinity and Ronin remain popular
The Ronin bridge hack was one of the most significant to take place in recent times. While it did send shockwaves throughout the crypto world, that did not stop the Ronin blockchain from achieving some major milestones.
The blockchain surpassedin all-time non-fungible token (NFT) sales volumes in early June, and it continues to be popular as a digital collectible network.
It is second behind Ethereum in terms of all-time NFT sales volumes, beating Solana, Flow, Polygon, and WAX, among many others.
A lot of that success comes down to Axie Infinity, an incredibly popular play-to-earn game by any standards. The game has shownwhen it comes to activity, and as the new gaming model takes greater hold, it can only be expected to do better.
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