Axie Infinity Adjusts Marketplace Fees, Raising Them Over 5%. Creators Remain Content Nonetheless

From March 7, the fee will become 5.25% instead of the actual 4.25%. However, the extra 1% will go to the creators

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.  

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.  

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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.  

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.  

Fee adjustments can be great motivation for creators to develop the community and the game itself.  

 

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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 More 

Read other news from Axie Infinity here:  

Creators of Axie Infinity, Sky Mavis, Launches RON Governance Token 

Axie Infinity Announces Builders Program with Rewards for Creators and Developers 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.