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What is Mavis Market?

What is Mavis Market?

Mavis Market is the first generalized NFT marketplace built for the Ronin blockchain, a network originally created to support the Axie Infinity gaming ecosystem. Launched in 2023 by Sky Mavis, Mavis Market allows users worldwide to buy and sell a variety of NFTs—from gaming assets and collectibles to digital memberships—using the Ronin token (RON) as its main currency, while allowing swaps from supported tokens like AXS, WETH, and USDC through the Katana DEX for a seamless trading experience123.

Key Features

  • Protocol-Enforced Royalties: Unlike most NFT marketplaces, Mavis Market enforces creator royalties at the protocol level. On Ronin, contract deployment requires whitelist access, preventing external marketplaces from bypassing royalty requirements. This guarantees that NFT creators always receive their royalties—addressing a major problem in other ecosystems, where royalty enforcement is often optional12.
  • Fee Structure and Value Accrual:
    • Creators can set their own royalty percentage.
    • Sky Mavis (the team behind Ronin/Axie Infinity) charges a 2% fee per transaction.
    • The Ronin treasury receives 0.5% of all transactions, which is unique as it directly benefits the blockchain ecosystem itself13.
  • Marketplace for NFT Projects: Mavis Market is both an NFT sales venue and a launchpad for new gaming and NFT projects. Should you wish to launch an NFT collection, applications can be made via the Ronin network2.
  • Gaming Ecosystem Focus: Beyond trading, the marketplace is crucial infrastructure for Web3 games on Ronin, supporting both primary sales (during NFT launches) and secondary market activity. It plays a key role in onboarding games, NFT artists, and brands looking to access Ronin’s growing user base1245+1.

Growth and Adoption

  • Explosive Volume Growth: From May 2023 to May 2024, NFT trading volume on Mavis Market increased dramatically—by over 3,000%—with particularly rapid growth from December 2023 onwards. Monthly volumes reached nearly $7 million by May 2024, indicating rising adoption and engagement within the Ronin ecosystem7.

Example Use Cases and Projects

  • Featured Projects: Collections like Axie DoLL Sidekicks, AxieChat Premium, Puffverse NFTs, and Kaidro’s Spirit Guardians have launched or been traded on Mavis Market, often with in-game benefits or ties to play-to-earn campaigns46.
  • Trading Competitions: The marketplace frequently hosts trading contests (e.g., the Lumiterra contest), further incentivizing engagement5.

Why It’s Significant

Mavis Market is to Ronin what OpenSea is to Ethereum—but with protocol-based guarantee of royalties and direct value accrual to the network. Its success is also indicative of Ronin’s evolution from a single-game chain to a diversified Web3 gaming hub127.
In summary:
Mavis Market is the Ronin blockchain’s flagship NFT marketplace, with creator-friendly enforcement of royalties, support for gaming and non-gaming NFTs, rapid adoption, and a mission to be the go-to NFT hub for the Web3 gaming world.
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