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    What is Dokyo? Information about the top NFT collection on Avalanche (AVAX)

    ByLeahhere05/03/2024
    Dokyo is a top collection on Avalanche. Within just a few days of its launch, it became the leading NFT collection in terms of trading volume, surpassing even BAYC. The launch of Dokyo caused the NFT trading volume on Avalanche to reach its highest level in three months. So what is Dokyo, and can it become a bluechip collection on Avalanche? What makes this collection so special that it can create such a buzz? Let's find out through the article below.

    1. What is Dokyo?

    Currently, Dokyo is a top NFT collection in the Avalanche ecosystem and is predicted to become one of the leading blue-chip collections in the ecosystem in the future.

    Dokyo originates from the Japanese words meaning “courage” and “hometown.” The project was founded on the belief that people should be brave enough to step out of their comfort zones to pursue their dreams. Each Dokyo NFT is equipped with a mask, symbolizing the contrast between light and darkness within each person.

    Currently, most developers and KOLs on Avalanche show clear support for the collection, and a strong Dokyo culture has emerged among Avax-maxis (supporters of Avalanche).

    What is Dokyo?
    What is Dokyo?

    2. Collection Details

    3. Key Milestones in the Development Process

    In May 2023, Murasaki - a blockchain and game publisher focused on Japanese games, NFTs, anime, and manga, sponsored and opened an exhibition booth at the Avalanche Summit in Barcelona.

    Here, Shin - the founder of Murasaki, had the opportunity to meet and talk with Brando and Kotaro - the two founders of Dokyo. This meeting played a significant role in Murasaki's involvement with Dokyo. After discussions, they found inspiration for launching a Japanese-style NFT collection and received support from Ava Labs.

    The project's fundraising rounds

    • Early Presale (for individuals): 5 NFTs at $300 each for those who laid the foundation for Dokyo.  
    • Presale (for DAOs and projects): Each person can purchase 2 NFTs at $69 each.  
    • Whitelist: For eligible individuals to mint at 8.8 $AVAX (AVAX price at that time was $9, approximately $79 per wallet, each wallet can mint a maximum of 2 NFTs).  
    • Public (unlimited): 10 $AVAX per NFT (AVAX price $9, approximately $90).

    Key Achievements Reached

    • On November 23, 2023, Dokyo became the NFT collection with the second-highest trading volume within 24 hours, only behind the blue-chip BAYC (Bored Ape Yatch Club).
    • By November 24, 2023, Dokyo officially surpassed BAYC in trading volume, becoming the NFT collection with the highest trading volume across all blockchain platforms.
    Dokyo's trading volume in 24 hours surpasses BAYC
    Dokyo's trading volume in 24 hours surpasses BAYC
    • In January 2024, Dokyo's trading volume reached over $30 million.  
    • Currently (as of the time of writing) - February 28, 2024, the collection is being traded at a floor price of around 35-37 AVAX ($AVAX ~ $41), equivalent to approximately $1400 per NFT.

    4. Team

    Dokyo is an NFT collection created through the efforts of many individuals with the desire to develop a truly Japanese-style NFT collection. The core members of the project include:

    • Brando (Founder): Canadian, living in Costa Rica, formerly a barber  
    • Kotaro (Creative Director): Hong Kong native, living in Japan  
    • Bor and Izak (Heads of Dokyo Operations): living in Eastern Europe  
    • Shin (Founder of Murasaki and Business Director of Dokyo): living in the Netherlands
    Shin (left), Brando (right)
    Shin (left), Brando (right)

    Although Brando's background as a founder is not extensively disclosed, he is recognized as an expert in community building and development. His approach leverages the power of communities to achieve significant results and value creation. Brando has advised startups and developers on community building, emphasizing its importance in achieving success.

    Furthermore, Brando is active on Twitter, where he demonstrates a strong voice and deep connections within the web3 community. He is followed and engages with numerous Key Opinion Leaders (KOLs) and industry leaders such as researchers from Azuki, NFTBoi, co-founders and CEOs of San FranTokyo, Trader Joe, DeGods President, Machi Big Brother, dingaling, Wormhole co-founder, and Luca Netz (founder of Pudgy Penguins).

    5. Investors and partners

    There is no official information yet regarding Dokyo's funding rounds or investors. We will update once we receive official information from the project.

    6. Roadmap 

    Currently, there is no information available regarding the project's development roadmap. We will update once official information from the project becomes available.

    7. Ecosystem

    Twitter: https://twitter.com/dokyoworld

    Discord: https://discord.com/invite/dokyo

    8. Conclusion 

    Here is the complete information about Dokyo - the leading NFT collection in the Avalanche ecosystem at the current time and predicted to become the first blue-chip collection on Avax. It's evident that Dokyo has been highly successful in cultivating a strong culture on Avax, receiving substantial support from many KOLs and leaders within the Avalanche community. Compared to Ethereum, the Avax ecosystem enjoys significant advantages in terms of network transaction costs, reducing barriers for users accessing NFT collections on this platform.

    Hopefully, this article provides useful insights for users interested in the project. The content is purely informational and not investment advice. Investors should conduct their own research (DYOR - Do Your Own Research) and form their own assessments before making any investment decisions in any project.

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    Disclaimer: According to Resolution No. 05/2025/NQ-CP dated September 9, 2025, of the Government, all information on Theblock101.com is for reference purposes only and does not constitute financial advice or investment consultation.

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    Leahhere

    Leahhere

    - You have to be enough for you

    5 / 5 (3binh_chon)

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