- Ragnarok Landverse: Genesis has recorded over $530,000 in NFT trading volumes on the Ronin marketplace.
- Recognizable franchises and video games such as Ragnarok Online, Might & Magic, EVE Online, and others are launching Web3 titles in the coming year.
- Ragnarok Online originally launched in 2002 and recorded over 300,000 players a day at its peak.
A Web3 spinoff of the famous massively multiplayer online role-playing game (MMORPG), Ragnarok Online, has soared in popularity.
Since launching at the end of March 2025, it has seen over 1 million RON worth of transactions on the Ronin marketplace.
Ragnarok on Ronin
Ragnarok Landverse: Genesis officially launched on March 29, 2025, on the Ronin network and, according to Ronin marketplace data, has garnered 1.13 million RON in transaction volumes, or approximately $533,600 at today’s prices of $0.47 per RON.
The game is free to play and requires a Ronin Wallet to log in, but players don’t need to spend any crypto to play the game from start to finish.
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The items being traded are in-game assets represented as non-fungible tokens (NFTs). They range from weapons and armor to land and crafting materials .
Trading volumes remain consistent, averaging around or above 30,000 RON per day, which indicates solid player retention and activity. Volumes are relatively high given that the game’s NFTs have just 1,991 owners.
The original Ragnarok Online was launched by Korean-based Gravity Interactive over twenty years ago in 2002.
Gravity brought its uniquely pixelated isometric MMORPG to the masses at a time when World of Warcraft, RuneScape, and EVE Online were also launching their iconic online gaming franchises.
The game was exceptionally popular in South Korea and Thailand, so much so that the Thai authorities imposed a 10 pm to 6 am ban on the game to curb a swell of players staying up late to play the MMO. It still records a few thousand players a day.
Banking on Legacy
The brand’s Web3 revival through Genesis is part of a growing trend in blockchain gaming, which appears to be using nostalgia and recognizable IPs to mainstream Web3.
This can be seen with plans to develop a AAA Web3 title based on the Peaky Blinders show and Ubisoft’s partnership with Immutable, which will see the famed Might & Magic franchise return as a free-to-play Web3 trading card game.
Even the people behind EVE Online are gearing up to make a similar move to Ragnarok, and essentially adapt their original base game’s concept, with Web3 elements baked in.
To some, it’s a lazy cash grab. However, to others, the tech finally provides a degree of digital ownership that gamers have craved in their MMORPGs since the genre took off.
Evidently, Web3 gaming is making a sincere effort to provide great gaming experiences first. Many, like Ragnarok Landverse: Genesis, opt to have optional Web3 elements rather than making them absolutely necessary for the experience.
It is perhaps a sign that the industry has matured considerably, and given that Ragnarok Landverse: Genesis is already off to a flying start, players’ attitudes towards Web3 gaming are also maturing.
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