In continuation of the previous announcement made by Sky Mavis about the creator fund establishment, the developers of Axie Inifnity announced additional marketplace fee adjustments. Â
Starting from March 7th, fees will rise to 5.25% in place of the current 4.25%. Additionally, creators of in-game content will receive 1% from every transaction made with their creations, while the rest of the amount will be transferred to the Community Treasury, as is currently the case. Â
On the one hand, it seems controversial for the developers to raise the fees instead of keeping them stable. On the other hand, the decision will provide the Community Treasury will a consistent stream of funding. Moreover, as the treasury is driven by the community it is effectively a shared pool governed by all AXS holders. Â
Sponsored
So far, the treasury has collected approximately 21,000,000 AXS and 55,000 ETH, and is thus valued at over a billion U.S. dollars. Â
Fee adjustments can be great motivation for creators to develop the community and the game itself. Â
Â
Sponsored
Check out DailyCoin’s review of the brand-new ‘Axie Inifnity: Origin’:
Axie Infinity: Origin Is Around the Corner – New Gameplay, Graphics, Cards, and Much MoreÂ
Read other news from Axie Infinity here: Â
Creators of Axie Infinity, Sky Mavis, Launches RON Governance TokenÂ
Axie Infinity Announces Builders Program with Rewards for Creators and DevelopersÂ