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Cryptocurrency News Articles

Sky Mavis Launches An NFT Trading Contest

Feb 21, 2025 at 08:13 pm

In a February 21 blog post, the tech firm Sky Mavis, through its Ronin X account, confirmed that it had launched a non-fungible token trading contest.

Sky Mavis Launches An NFT Trading Contest

Sky Mavis, the company behind the popular blockchain game Axie Infinity and the Ronin blockchain network, has announced the launch of a non-fungible token (NFT) trading contest. The contest aims to increase NFT trading sales volume in the Ronin NFT marketplace.

The NFT trading contest is open to anyone with a Ronin crypto wallet from February 10, 2025, 8:00 AM EST to March 10, 2025, 8:00 AM EST, according to a blog post by the tech firm on February 21. The company is offering users a chance to trade their favorite NFTs and earn rewards through the contest.

"The NFT Trading Contest has officially begun! Anyone with a Ronin Wallet can participate and earn rewards by trading NFTs on the Ronin NFT Marketplace from February 10th @ 8 AM EST to March 10th @ 8 AM EST," Ronin announced in a tweet.

Over $100K in Total Rewards!

Learn more here. 👇

🔗 : https://t.co/XMdkPuriZK pic.twitter.com/QS0nbCZvk6

— Ronin (@Ronin_Network) February 21, 2025

Founded in 2018, Sky Mavis is a technology-focused game studio based in Ho Chi Minh City, Vietnam. The video game development studio is dedicated to building both the virtual gaming worlds of the future and the infrastructure that makes them possible. Sky Mavis develops digital products that enable anyone to own their digital identity and in-game assets. The company has raised over $300 million from over 35 investors.

Sky Mavis gained recognition in 2021 with the creation of Axie Infinity, a blockchain-based game that became a major player in the digital currency world. Axie Infinity is an online blockchain game universe centered around Pokemon-like creatures called Axies. The popular play-to-earn game allows players to collect Axies as virtual pets, with each Axie being unique and represented by an ERC-721 non-fungible token.

Sky Mavis' Journey in Crypto and NFTsIn February 2021, the video gaming company launched its blockchain network, Ronin, to power NFTs and blockchain-based gaming, specifically Axie Infinity. The Ronin Network was created to address the challenges of Ethereum's Layer 1 scalability and high transaction fees at the time. Soon after, Sky Mavis launched the Ronin Market, the go-to destination for gaming gear needs.

The Ronin Market was the first and largest Ronin web3 marketplace for non-fungible tokens and crypto collectibles. The NFT marketplace platform enables users to browse, create, buy, and sell NFTs using the Ronin blockchain network. Fast forward to 2025, the video gaming company Sky Mavis has launched a non-fungible token trading contest to boost trading sales volume and revenue within the Ronin network.

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