The NFT world is stuffed to the brim with NFT collectibles initiatives. One crew got down to do one thing completely completely different, and in doing so, created some of the distinctive and celebrated NFT initiatives on the planet. That NFT challenge is 10KTF.
Constructed across the story of a grasp craftsman referred to as Wagmi-san, who calls town of New Tokyo his residence, 10KTF has carved out a profitable area of interest by combining digital artwork, storytelling and NFT expertise in a unique method.
With 10KTF, customers get an expertise they’ll’t get wherever else within the NFT trade – however what precisely is 10KTF, how does 10KTF work, and why has 10KTF turn out to be so profitable?
Right here’s our full information to the 10KTF NFT challenge.
What’s 10KTF?
10KTF is a novel NFT challenge that may greatest be described as a digital workshop for modifying current NFTs.
Holders of NFT collections comparable to CryptoPunks, Bored Apes, Cool Cats and plenty of extra can use 10KTF so as to add high-quality equipment to their PFPs. This permits holders so as to add a novel contact to their belongings, 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 gadgets – comparable to footwear, clothes, equipment and extra – and customise their type to be appropriate for his or her NFT.
These personalised digital collectibles are then minted as NFTs which might be instantly linked to the PFP NFT. That is recorded on the Ethereum blockchain, which means that the whole lot is traced and verified on-chain.
10KTF is a creation of WENEW Labs, a crew co-founded by famend digital artist Beeple.
Probably the most outstanding 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 robust, which has created an immersive expertise that has drawn the neighborhood in.
Understandably, the neighborhood of 10KTF performs a large position within the challenge. By finishing missions, customers progress the story of 10KTF and earn badges, supplies, instruments and extra. This has stored customers invested within the story of Wagmi-san and New Tokyo, and can seemingly hold them engaged into the long run.
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 listing of supported NFT collections. At this time, this listing runs to over 20 of the world’s high NFT collections.
In March 2022, 10KTF partnered with Gucci to launch the Gucci Grails assortment, which merged excessive style with digital collectibles. Later that 12 months, 10KTF additionally partnered with Puma, heralding a golden age for the challenge.
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 explicit hypothesis across the Otherside metaverse.
In 2023, 10KTF targeted on bettering their basic person expertise, in addition to including to their listing of supported NFT collections.
The 12 months noticed the introduction of “blanks” and “tools”, permitting for brand new crafting prospects that supplied extra customisation choices. The lore of 10KTF continued, with new missions, updates and story development that helped 10KTF develop to over 22,000 gadgets, 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 known as Kagami to drive its future growth.
Kagami has stored quiet since they acquired 10KTF – although with their expertise with world-leading manufacturers, occasions and personalities, no matter they’re cooking up is definite to have a big effect on the Web3 trade at massive.
What’s subsequent for 10KTF?
Below Kagami, the main focus of 10KTF has shifted to “building tools for a broader web3 audience”, 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 is perhaps trying to entice a Web3 viewers.
- Group initiatives. 10KTF’s neighborhood is one among its largest strengths. By means of extra storytelling, occasions and missions, their neighborhood may develop into some of the highly effective within the trade.
With the brand new possession of Kagami, 10KTF can as soon as once more double-down on creating distinctive experiences, telling partaking tales, and constructing contemporary customisation choices.
10KTF considerably modified how customers can work together with their NFTs. By enabling the potential of personalisation – plus utility and powerful lore – they permit NFTs to be dynamic belongings, including extra freedom into the expertise for NFT holders. This each enriches their enchantment, and shows the true flexibility of NFTs.
10KTF is a challenge that has achieved a lot – and nonetheless has tons of potential. Their path forward has numerous alternatives in entrance of them – however no matter course they select to show, anticipate them to proceed innovating, breaking expectations, and pushing the envelope the place artwork, expertise, and storytelling meet.
