Ronin Network opens up the Mavis Store

Ronin Network has announced the opening of the Mavis Store. It is a shop that allows players to buy in-game items. All they have to do is log in with their account or wallet and buy what they want. Two categories live in the Mavis Store: Battle Bears, Gas Cans, and Origins Gems. Items can be bought on-chain and off-chain.

Payment methods are also relatively simple, as players can use a variety of holdings to pay the transaction. This requires the use of USDC, SLP, WETH, RON, and AXS tokens in the wallet.

Out of the total, 0.5% of the store’s revenue is set aside for the Ronin Treasury. More items are expected to be available in the Mavis Store; however, the precise timeline has not been made public.

Mavis Store has put up cosmetics, powerups, and rewards, among other things, on the shelf.

Notably, developers are set to be on the beneficial side. They have been engaging with other stores that charge high fees for listings. Mavis Store, on the other hand, has said that its cost includes only a 5% fee for maintenance. Specifically speaking, Ronin Network has said that it is a small fee and a breath of fresh air for builders. On top of this, 0.5% of every transaction goes to the Ronin Treasury, which helps to accrue more value for RON tokens.

RON token has experienced a slight upward trajectory since the announcement. Its trading value is up by 3.14% in the last 24 hours, exchanging hands at $1.76 at the time of drafting this article. While that value is a decline of 10.575 in the last 7 days, it reflects a jump of 1.52% in the last 30 days.

A prediction pertaining to RON estimates that the token could touch the milestone of $2 by the end of this year. Needless to say, this is purely an estimate that could swing either way amid high volatility in the crypto sphere.

In-game items can be bought from the Mavis Store by accessing its official website and logging in with an email or wallet. Then, navigate the website and browse the in-game item before paying for it with one of the tokens listed for acceptance. Game ID may be required to buy Battle Bears items.

Ronin Network is still in the process of adding new features. The team solicited feedback from members via X, formerly Twitter and Discord. It will assist them in keeping innovations relevant. Furthermore, it will motivate the community to collaborate with the team and watch initiatives achieve the results they have been seeking for a long time.

As for RON’s market cap has increased by 3.17%, and the 24-hour volume has slipped by 13.23%. Interestingly, a portion of the RON community is hinting that the token may touch $5 by the end of this year, 2024.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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