Marketplace Fee Adjustment
3/16/2022: After community feedback, Sky Mavis decided to roll back the marketplace adjustment at this time. We thank everyone for their invaluable input, and the team is reviewing different options to fund the Creator Program.
Key Points:
On March 7th the Axie Marketplace fee will update to 5.25%.
This adjustment has been made to facilitate Axie creator codes that will give creators a 1% cut of marketplace volume that they drive.
For transactions that involve a creator code, the Community Treasury will receive 4.25%, while 1% will be shared with the creator. For transactions that don’t involve the creator code, the Community Treasury will receive the full 5.25% fee.
On March 7, the Axie Marketplace fee will update to 5.25%. This will provide a sustainable source of funding for marketing & growth initiatives going forward, namely: Axie creator codes!
The increased marketplace fee will unlock the ability for creators to be rewarded for growing the Axie Infinity community, which will benefit everyone in the ecosystem.
Unleashing our Creators
We know that without our amazing community of creators, Axie would not have been able to grow as quickly as it has to this point. As a community-driven project we’re proud to see the broad contributions towards education, onboarding, and culture that our creators have made in our historic movement. To reward and align incentives with our amazing creators we will be using the increased marketplace fee to launch a creator code system.
For transactions that involve a creator code, the Community Treasury will receive 4.25%, while 1% will be shared with the creator. For transactions that don’t involve the creator code, the Community Treasury will receive the full 5.25% fee.
Creator codes will be used to drive a proliferation of Axie content across all major social channels, by incentivizing creators to supercharge the awesome work they do around spreading Axie Infinity and onboarding new players.
By increasing the marketplace fee to 5.25% on all transactions, we can reward creators who refer new players into the game, without having to negatively impact the flow of funds into the Community Treasury.
What is the Axie Community Treasury?
The Community Treasury is a shared pool of funds at the heart of Axie’s economy. It belongs to all AXS holders.
This is the wallet used for capturing and storing all of Axie Infinity’s revenue. Eventually, it will be governed by all AXS holders. Check it out for yourself on the Ronin Block Explorer!
The Community Treasury receives funds from two primary sources. The first source is from the marketplace fee. The second source is from the AXS portion of the breeding fee. To date, the Treasury has collected over 21,000,000 AXS and over 55,000 ETH. These have a market value of over a billion dollars!
Disclaimer: Please note that anything written in this document should not be taken as financial advice. Axie is a bleeding-edge game that's incorporating unfinished, risky, and highly experimental technology. Development priorities, roadmap, and features are subject to radical overhaul based on research, traction, feedback from the community, and a myriad of other factors.