Sky Mavis has announced a new gacha NFT collection mechanic. Called Jin’s Fortune Spin, after Ronin’s signature Jin character, the move is a way for users to wager either RON and USDC tokens in the hope of gaining rare and valuable assets.
Launching on the Ronin Market, the action will be split between Axie Infinity-themed gachas, which drop Axie NFTs, priced at 10 USDC, or a more general Ronin gacha priced at either 10 or 15 RON ($4.50 or $7).
Examples of top-end Axie prizes available include Origin, MEO II and Japanese Axies or Pixels’ land and Ronkes for the Ronin gachas, although the drop rates for these expensive NFTs will obviously be low.
The drop rate for an Origin Axie – worth $1,000 – will be 0.01% for example, that’s 1 per 10,000 spins.
Another interesting aspect of the project is that in some situations, you will be able to sell back unwanted NFTs, although it’s not clear how frequently this will be available, and how much value will be returned to players.
In the example shown below, the option is to immediately sell back an Origin Axie NFT for 2,000 RON ($900) rather than trying to actively trade it on the marketplace.
Sky Mavis also says that there will also be some special challenges launched around the grand opening, which is due on Thursday 26th June.
Find out more when Jin’s Fortune Spin goes live on the Ronin Market.