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FAQ

Overview​

This page provides answers to frequently asked questions for creators and end users of Mavis Market.

Creators​

What is Mavis Market?​

Mavis Market is a decentralized marketplace where NFT creators can run primary and secondary sales of their NFT collections:

  • A primary sale is the first sale of an NFT from the creator to the user, usually conducted through the Mavis Launchpad.
  • A secondary sale is the resale of an NFT on the marketplace between users. Collections are listed on Mavis Market after the primary sale.

How do I upload my NFTs to Mavis Market?​

If you're ready to bring your NFT project to life, fill out the form. If your application is selected, our team will guide you through the process of creating and uploading your NFTs. We believe in supporting creators every step of the way, from the initial concept to the final listing.

How do royalties work?​

When listing NFTs on Mavis Market, the creators set a royalty amount that is paid to them every time their NFT is resold on the marketplace. This amount is set as a percentage of the sale price and is handled by a smart contract that automatically calculates and distributes the payment to the creator's designated wallet address each time the NFT is resold.

For example, a 10% royalty fee on an NFT sold for $1,000 would generate $100 for you every time the NFT is resold.

For more information about royalties, see Fees and royalties.

What is the difference between listing a collection and joining the launchpad?​

When you list your collection on Mavis Market, it means your project's primary sales may have already occurred on other platforms or even joined our Mavis Launchpad for a primary sale. This may involve minting NFTs and distributing them through methods such as airdrops or rewards via your platform. If your project resides on other blockchain networks, migrating it to Ronin provides the path for your NFT collection to flourish on Mavis Market.

After listing, we showcase your NFT project on our platform, and users can start buying, selling, transferring, or making offers.

As for Mavis Launchpad, it's a product designed to empower creators in minting their collections. The launchpad lets creators mint NFTs for the first time, allowing them to sell their collections to the community. Using the launchpad, you can launch a collection in two different ways:

  • First-come-first-serve: Users can mint NFTs from the collection until the supply runs out.
  • Mystery box: Users can purchase a mystery box that contains a random NFT from the collection. Each box contains NFTs of varying types and prices.

How do I get my project listed on Mavis Market?​

Things that we look for when selecting projects to list on Mavis Market include:

  • The size and engagement of your community.
  • The quality of your project team.
  • The artistic quality of your work.
  • The overall quality of your project.
  • The use cases of your NFTs, their utility.
  • Track record of successful launches on other NFT marketplaces.

What is the difference between Mavis Launchpad and Mavis Market?​

Mavis Launchpad is a platform for minting NFTs for the first time, also known as primary sales. Mavis Market is a marketplace where players can trade existing NFTs, referred to as secondary sales.

If you launched an NFT collection on Mavis Launchpad, you can list it on Mavis Market for players to trade after the minting process is complete.

When do I receive payments for NFT primary sales and transaction fees for the secondary trading?​

Your creator fees and royalties are paid out to you in RON after the transaction is completed. The payment is sent to your designated wallet address.

Does Mavis Market generate any reports for creators?​

No, but you can request transaction logs from your Sky Mavis point of contact.

End users​

What fees do sellers incur when selling NFTs?​

When selling NFTs on Mavis Market, the seller incurs the following fees:

  • Creator fee: a percentage of the sale price set by the creator. This fee compensates the creator for their work. On average, creator fees on Mavis Market range from 0% to 10%.
  • Service fee that itself includes the following:
    • Sky Mavis fee: a fixed 2% fee charged by Sky Mavis, the platform operator, for building and maintaining the marketplace.
    • Ronin fee: a fixed 0.5% fee charged by the Ronin network to reward the owners of the network—RON holders, delegators, and validators. This fee goes directly to the Ronin Treasury.

For more information about the fees, see Fees and royalties.

How do I buy or sell an NFT on the marketplace?​

To start buying or selling an NFT on Mavis Market, visit the listing of your choice. From there, select the desired action—buy or sell— and follow the prompts to complete the transaction.

What payment methods does Mavis Market accept?​

When buying assets on the marketplace, buyers have the option to pay with RON, AXS, SLP, WETH, and USDC. Sellers receive payments in RON.