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by Yuga Labs(Sep 16, 2021)
Rank #535
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10KTF is an NFT collectible created by Yuga Labs that was released on 9-16-2021. The project consists of 17,190 unique digital items living on the Ethereum blockchain. We categorize it as a utility nft project and it's part of the Yuga Labs general collection.

What is the 10KTF NFT collection?

The 10KTF NFT collection is an innovative and immersive project that combines the worlds of digital art and storytelling. Launched in September 2021, it takes place in a virtual city called New Tokyo, where a renowned craftsman named Wagmi-san operates an online shop. This innovative platform allows users to create exclusive accessories and wearables for their existing NFTs from various compatible collections.

The collection offers a diverse range of digital collectables, each of which is a one-of-a-kind item. From high-top sneakers and backpacks to socks and even collaborations with luxury brands like Gucci, the 10KTF NFTs provide unique metaverse fashion for holders of specific NFT projects. However, this project has evolved beyond just a shop. It now incorporates an engaging storyline, featuring Wagmi-san as the shop owner fighting against a group of frogs known as Boss Toadz, with the help of the community. The immersive nature of the project adds depth and excitement to the overall experience.

In addition to its visual appeal, the 10KTF NFT project boasts an impressive lineup of blue-chip NFT connections, such as Bored Ape Yacht Club, World of Women, Cool Cats, and many more. Led by influential figures like Beeple and Guy Oseary, the project's team keeps the community engaged through cryptic updates from the fictional character Wagmi-san. Drawing inspiration from the Japanese Godzilla genre, the project relies on hype and mystery as a marketing strategy. Participation in the project can be achieved through various means, including purchasing a 10KTF Genesis piece or crafting accessories for existing NFTs owned by participants.

Definitely, the 10KTF NFT collection offers an intricate blend of art, storytelling, and gameplay elements. With its unique digital fashion, engaging storyline, and connections to popular NFT projects, it has attracted a large and enthusiastic community. By incorporating interactive missions, rewards, and a vibrant online presence, the project allows participants to immerse themselves in the narrative and explore the possibilities of the metaverse.

The team behind the 10KTF NFT project

The team behind the 10KTF NFT project comprises a group of accomplished individuals with extensive experience in the NFT and Web 3.0 space. The project is backed by WeNew Labs, an NFT company co-founded by prominent figures such as Beeple, Figge, and Guy Oseary. WeNew's partnerships include renowned entities like Time, Universal Music Group, Warner Music Group, Endeavor Group, and Wasserman, among others. The team members have connections to seed investments in Yuga Labs and have collaborated with notable enterprises. Although not publicly announced, the team enjoys a stellar reputation in the industry.

At the forefront of the project is Wagmi-san, a fictional character residing in the virtual city of Neo Tokyo. Wagmi-san, portrayed through a Twitter account, @10KTFshop, provides updates and news related to the 10KTF NFT project. As a renowned craftsman, Wagmi-san crafts exceptional tools, items, and accessories for the Web 3.0 world.

The real-world team consists of founders and developers who are experts in the NFT and Web 3.0 domains, including Beeple, Figge, Oseary, Tim Smith, Paul Billings, Randy Chung, and more. They collaborate with various PFP NFT projects, enabling participants to mint 10KTF NFTs by owning certain parent NFTs and engaging in virtual battles against the Kailua monster.

While the identity of the actual founder of 10KTF remains undisclosed, the brand is symbolized by the fictional character Wagmi-san. Yuga Labs acquired the 10KTF brand, with Michael Figge assuming the role of Chief Content Officer within the Yuga Leadership team and Beeple serving in an advisory position.

The 10KTF universe

The 10KTF universe revolves around Battle Town, a PFP Event Platform where players can utilize their 10KTF items to participate in missions for the ongoing Battle for New Tokyo. The game consists of different levels, with Level 1 focusing on wearable gear from the 10KTF Genesis or Crafted collections, such as High Tops, Daypacks, Hats, Hoodies, and Socks. In Level 2, players can acquire new items from the 10KTF Combat collection, including Helmets, Kevlar Vests, Boots, flamethrowers, guns, and rifles, which provide higher points on set bonuses in Battle Town Missions. To obtain Level 2 items, users must mint a crate and open it during the designated time.

To play the game, players need to connect their wallets and select missions to join by sending their Avatars equipped with 10KTF items to assist Wagmi-san's cause. Each mission has a registration period, and after completing a mission, players can claim rewards, which may include Storypoint badges, Stockroom Materials, physical rewards, or other items. New Tokyo Dollars ($NTD) serve as the in-game ERC-20 token, allowing players to acquire materials, tools, granted items, physical rewards, and other adventures in New Tokyo. These tokens may also be distributed to users in a certain proportion as $APE tokens.

The 10KTF universe offers various access points, including the 10KTF Shop SSCC, Back Alley, and Battle Town. The SSCC is Wagmi-san's crafting shop where players can purchase blank materials from the 10KTF NFT Stockroom on OpenSea to craft other NFTs. By owning supported parent NFTs and utilizing stockroom materials, players can craft finished items.

The Back Alley serves as a place for staking NFTs and claiming rewards, while Battle Town is an NFT game within the 10KTF project where players can participate in new activities and reward programs by using their 10KTF NFT items. Non-parent NFT owners can also participate in limited events in Battle Town if they own Blanks or a 10KTF Genesis NFT. Overall, the 10KTF ecosystem combines crafting, staking, and gameplay elements to engage its community in the quest for Neo Tokyo.

10KTF NFTs collaborations

The 10KTF NFT collaborations bring together esteemed brands and designers to create unique and exclusive offerings within the project. One notable collaboration was the one with Gucci, where eligible members were airdropped with a Gucci Mint Pass, granting them the opportunity to "Guccify" their Wagmi-San's PFP. This collaboration showcases the creative direction of Alessandro Michele, Gucci's creative director, who crafted two outfits inspired by the Gucci Love Parade and Gucci Aria collection, taking users on a journey through New Tokyo.

In addition to Gucci, 10KTF has formed partnerships with renowned fashion brands such as Puma, Louis Vuitton, and Nike. These brand partnerships have garnered significant attention from the NFT community due to their association with established and respected names in the industry. For instance, the collaboration with Puma resulted in the release of a new edition of one of their classic sneakers, combining the iconic shoe brand's style with the innovative world of 10KTF.

These collaborations exemplify the fusion of fashion and the metaverse, creating exclusive NFT experiences for participants. By joining forces with prominent brands and designers, 10KTF offers unique opportunities for users to engage with their favourite fashion labels in a virtual realm, further blurring the boundaries between the physical and digital fashion.

What was the 10KTF NFT mint price?

The 10KTF NFT collection was initially minted on September 17, 2021, with a total supply of 22,222 items. During the minting process, the price per NFT was set at 0.05 ETH, representing 120% of the original mint price. This pricing structure allowed participants to acquire these unique digital assets at a fixed cost, providing an opportunity to join the 10KTF ecosystem and become part of the vibrant NFT community surrounding the project.

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