Today we have an awesome guest post from the Doki Doki Finance team. I have been following the Doki team for some time and love the team, product, and vision behind the project – Disclaimer: We (Sfermion) have a position in $DOKI & $BND. A guest post is always appreciated by me because it allows me to learn directly from the founders and provides content for the blog. I am aiming to increase the number of guest posts AND posts from myself going forward so hope you enjoy!
The Power of Gachapon Machines
Art and valuable collectibles have been the purview of the wealthiest in every society for thousands of years and valuable NFTs are no exception to that rule. The highest valued NFTs are only available to those that have the most crypto to buy them. Doki Doki was created to change that model and make selling, buying, collecting, and investing in the NFT space fair, fun, and accessible to everyone.
Gachapon machines are wildly popular in Japan with entire stores filled with dozens of collectible dispensing machines. A buyer finds a machine with the types of items they are seeking, puts in their money and receives a mystery ball containing a physical collectible. Like opening a pack of cards, some of the items will be rare and more valuable than others, but the chance of completing a collection or getting an item that is really valuable keeps people coming back for more.
More Fun and More Value For Collectors
Doki Doki brings the concept of “Gachapon” to the blockchain in the form of a unique NFT platform, and the audiovisual experience makes it no less exciting for players. The potential for immediate value from a spin of a Doki Doki machine increases the likelihood that users will keep trying to get very valuable NFTs or complete a collection.
Each machine in the Doki Doki marketplace is themed around an artist or a storyline and so different machines attract different users. The real difference with Doki Doki’s NFT marketplace over other platforms is that the costs to get an NFT are significantly lower and nobody has to be wealthy to get something good. The process of spinning the machines can be a little bit addicting as users spin to complete their collection or to obtain rarer and more valuable NFTs.
Larger brands like Sushi, Cometh, Pranksy and others have seen the value in the gachapon model and have partnered with Doki Doki to create machines for their communities. The success of these partnerships also provides great talking points as Doki explores partnerships with large brands in real life.
A Better Model For Artists and Brands
The other side of this model is that artists and brands that launch NFTs through the Doki DeGacha machines can make their work accessible to more people while not having to worry about how to price or market one piece at a time like they would have to in other NFT marketplaces. Now creators can focus on growing their fan base without sacrificing potential revenue.
Easy to use interface for creators
Read More: andrewsteinwold.substack.com