The NFT world is stuffed to the brim with NFT collectibles tasks. One workforce got down to do one thing completely completely different, and in doing so, created probably the most distinctive and celebrated NFT tasks on the earth. That NFT venture is 10KTF.
Constructed across the story of a grasp craftsman often called Wagmi-san, who calls town of New Tokyo his dwelling, 10KTF has carved out a profitable area of interest by combining digital artwork, storytelling and NFT know-how in a unique means.
With 10KTF, customers get an expertise they will’t get wherever 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 singular NFT venture that may finest be described as a digital workshop for modifying present NFTs.
Holders of NFT collections similar 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 singular contact to their property, making them stand out in opposition to different NFTs in the identical assortment.
By connecting your pockets to the 10KTF platform, holders are capable of confirm their possession of supported blue-chip NFT collections. As soon as full, customers can utilise 10KTF to craft digital objects – similar to sneakers, 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 all the things is traced and verified on-chain.
10KTF is a creation of WENEW Labs, a workforce co-founded by famend digital artist Beeple.
Probably the most distinguished facet 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 robust, 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 probably 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 checklist of supported NFT collections. At present, this checklist 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 vogue with digital collectibles. Later that yr, 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 due to this fact 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 common person expertise, in addition to including to their checklist of supported NFT collections.
The yr noticed the introduction of “blanks” and “instruments”, permitting for brand spanking new crafting potentialities 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 Doable 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?
Beneath Kagami, the main focus of 10KTF has shifted to “constructing instruments for a broader web3 viewers”, based on CEO @awildbambam.
Future developments may embody:
A 10KTF metaverse. The world of Wagmi-san and New Tokyo is perfectly-suited to a metaverse, which may breathe new life into the 10KTF model.Enhanced options. New equipment are at all times 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 may be seeking to entice a Web3 viewers.Group initiatives. 10KTF’s neighborhood is considered one of its largest strengths. By means of extra storytelling, occasions and missions, their neighborhood may develop into probably the most 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 powerful 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 completed a lot – and nonetheless has tons of potential. Their path forward has numerous alternatives in entrance of them – however no matter path they select to show, count on them to proceed innovating, breaking expectations, and pushing the envelope the place artwork, know-how, and storytelling meet.
