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

by Mike Robinson

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Axie Infinity raises marketplace fees by more than 5% However, Creators Keep Their Content

In addition to the announcement by Sky Mavis regarding the creation of a creator fund, Axie Inifnity developers announced further adjustments in the marketplace fees.

Fees will increase to 5.25% starting March 7, instead of the current 4.25%. In-game creators will also receive 1% for every transaction that is made using their content. All the money will then be transferred to Community Treasury.

The developers may be criticized for raising fees when they could have kept them steady. However, this decision will ensure that the Community Treasury has a constant stream of funds. The treasury, which is driven by the community, is a pool of funds that is governed equally by all AXS owners.

As of now, approximately 21,000,000 AXS have been collected and 55,000 ETH has been exchanged. The Treasury is therefore valued at nearly a half a million U.S. Dollars.

Creators can use fee adjustments to encourage the development of the game and community.

Check out DailyCoin’s review of the brand-new ‘Axie Inifnity: Origin’:

: Origin Is Around the Corner – New Gameplay, Graphics, Cards, and Much More

Find out more news about Axie Infinity:

Sky Mavis and Axie Infinity creators launch RON Governance Token

Axie Infinity Launches Builders Programme with Rewards for Developers and Creators

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