Ethereum-based NFT venture 10KTF was not too long ago acquired by Emmy Award-winning artwork and design firm Potential Productions identified for its work on world occasions like Coachella and the Tremendous Bowl Halftime Present.
The 2 entities have come collectively to kind a brand new firm—Kagami—and can now oversee the continued growth of the venture and its web3 improvements.
10KTF was initially based by WENEW Labs in 2021 earlier than Yuga Labs’ acquisition in November 2022.
Supply: 10KTFWho’s Potential Productions?
Based in 2010 by Michael Figge, Potential Productions is a artistic studio with experience in artwork and design, engaged on a number of the world’s largest occasions.
The corporate has additionally been a crucial content material companion for 10KTF since its launch, contributing to the venture’s artistic path and growth.
Moreover, Potential has performed an lively position in creating Yuga Labs’ Otherside, a well-liked digital world within the web3 area.
Supply: 10KTFWhat does this imply for 10KTF?
The 10KTF staff, together with key figures from the venture, will transfer to Potential Productions as a part of the newly established Kagami firm.
The acquisition permits Kagami to concentrate on additional constructing the 10KTF model and creating modern instruments for the web3 area. Regardless of the change in possession, 10KTF will proceed to function as a premier companion inside Yuga Labs’ Otherside platform with a number of tasks nonetheless on monitor.
Current options like Wagmi-san’s store will increase to the Nexus, the subsequent stage of the Yuga World, and crafted gadgets from the 10KTF ecosystem will stay interoperable inside the Otherside metaverse. Moreover, the Grailed PFP assortment will proceed to be built-in into Otherside, giving holders entry to in-game occasions and options.
Trying forward, the subsequent season of 10KTF is predicted to be introduced after ApeFest in Lisbon, the place the staff will present a preview of their upcoming developments.
