The NFT world is crammed to the brim with NFT collectibles initiatives. One workforce got down to do one thing completely completely different, and in doing so, created one of the crucial distinctive and celebrated NFT initiatives on this planet. That NFT venture is 10KTF.
Constructed across the story of a grasp craftsman often called Wagmi-san, who calls the town of New Tokyo his dwelling, 10KTF has carved out a profitable area of interest by combining digital artwork, storytelling and NFT expertise in a unique approach.
With 10KTF, customers get an expertise they’ll’t get anyplace else within the NFT business – however what precisely is 10KTF, how does 10KTF work, and why has 10KTF turn into so profitable?
Right here’s our full information to the 10KTF NFT venture.
What’s 10KTF?
10KTF is a novel NFT venture that may finest be described as a digital workshop for modifying current NFTs.
Holders of NFT collections equivalent to CryptoPunks, Bored Apes, Cool Cats and lots of extra can use 10KTF so as to add high-quality equipment to their PFPs. This enables holders so as to add a novel contact to their property, making them stand out towards different NFTs in the identical assortment.
By connecting your pockets to the 10KTF platform, holders are in a position to confirm their possession of supported blue-chip NFT collections. As soon as full, customers can utilise 10KTF to craft digital objects – equivalent to footwear, clothes, equipment and extra – and customise their fashion to be appropriate for his or her NFT.
These personalised digital collectibles are then minted as NFTs which can be instantly linked to the PFP NFT. That is recorded on the Ethereum blockchain, which means that every thing is traced and verified on-chain.
10KTF is a creation of WENEW Labs, a workforce co-founded by famend digital artist Beeple.
Essentially the most distinguished side of 10KTF is its narrative-driven model. The lore of 10KTF revolves across the character of Wagmi-san, and his adventures within the fantasy metropolis of New Tokyo. This narrative has been notably sturdy, which has created an immersive expertise that has drawn the neighborhood in.
Understandably, the neighborhood of 10KTF performs an enormous function within the venture. By finishing missions, customers progress the story of 10KTF and earn badges, supplies, instruments and extra. This has saved customers invested within the story of Wagmi-san and New Tokyo, and can possible maintain them engaged into the longer term.
The historical past of 10KTF
10KTF made its debut on September 17, 2021. Their idea of NFT equipment took off, and in early 2022, 10KTF grew its record of supported NFT collections. Right this moment, this record runs to over 20 of the world’s prime NFT collections.
In March 2022, 10KTF partnered with Gucci to launch the Gucci Grails assortment, which merged excessive trend with digital collectibles. Later that 12 months, 10KTF additionally partnered with Puma, heralding a golden age for the venture.
Come November 2022, Yuga Labs – creators of Bored Apes and managers of CryptoPunks – acquired WENEW Labs, and subsequently administration of 10KTF. This boosted pleasure within the integration of 10KTF equipment into Yuga-made NFTs – with specific hypothesis across the Otherside metaverse.
In 2023, 10KTF targeted on enhancing their basic person expertise, in addition to including to their record of supported NFT collections.
The 12 months noticed the introduction of “blanks” and “instruments”, permitting for brand new crafting prospects that offered extra customisation choices. The lore of 10KTF continued, with new missions, updates and story development that helped 10KTF develop to over 22,000 objects, and a complete quantity in extra of 12,500 ETH.
In October 2024, design studio Potential Productions – recognized for working with the likes of Netflix, Ariana Grande and Justin Bieber – introduced their acquisition of 10KTF from Yuga Labs, forming a brand new firm referred to as Kagami to drive its future improvement.
Kagami has saved quiet since they acquired 10KTF – although with their expertise with world-leading manufacturers, occasions and personalities, no matter they’re cooking up is for certain to have a huge impact on the Web3 business at giant.
What’s subsequent for 10KTF?
Below Kagami, the main focus of 10KTF has shifted to “constructing instruments for a broader web3 viewers”, in accordance with CEO @awildbambam.
Future developments might embody:
A 10KTF metaverse. The world of Wagmi-san and New Tokyo is perfectly-suited to a metaverse, which might breathe new life into the 10KTF model.Enhanced options. New equipment are all the time on the desk for 10KTF, and will assist to spice up person engagement.New partnerships. 2024 noticed many main manufacturers collaborate with NFT collections. As each Gucci and Puma have labored with 10KTF, they’ve proven their worth to different manufacturers who is likely to be seeking to appeal to a Web3 viewers.Group initiatives. 10KTF’s neighborhood is one in every of its largest strengths. By extra storytelling, occasions and missions, their neighborhood might develop into one of the crucial highly effective within the business.
With the brand new possession of Kagami, 10KTF can as soon as once more double-down on creating distinctive experiences, telling participating tales, and constructing contemporary customisation choices.
10KTF considerably modified how customers can work together with their NFTs. By enabling the opportunity of personalisation – plus utility and robust lore – they permit NFTs to be dynamic property, including extra freedom into the expertise for NFT holders. This each enriches their attraction, and shows the true flexibility of NFTs.
10KTF is a venture that has achieved a lot – and nonetheless has tons of potential. Their path forward has numerous alternatives in entrance of them – however no matter route they select to show, anticipate them to proceed innovating, breaking expectations, and pushing the envelope the place artwork, expertise, and storytelling meet.
