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10KTF is an NFT project that tells the story of Wagmi-San and his 10k True Frens. Wagmi-San is a globally recognized fictional digital craftsman responsible for the NFT world’s most iconic accessories. An expert craftsman, Wagmi-San is a man of honor, creating accessories only for owners of superior NFTs. These artifacts are 1-of-1 digital pieces that can only be crafted once. The project was created by NFT icon Beeple and his company WEEW Labs. WENEW was later bought into the Yuga Labs ecosystem earlier this year.
The 10KTF community has over 70,000 followers and on Twitter, and over 35,000 members on Discord. Together as a community, 10KTF members go on missions to earn points and rewards, and advance the story. For their participation, the community earns various rewards such as badges, materials, free Airdrops and $APE coins.
10KTF is a fictional digital fashion store in a “New Tokyo” universe. World-renowned craftsman Wagmi-san runs the shop. It offers premium accessories and digital merch to the best NFT collections on Ethereum. Some of the collections include merch for ON1 Force, Bored Ape Yacht Club, CryptoPunks, Moonbirds, Substantive and many more.
10KTF is an NFT project that launched on September 17, 2021. The digital store displays unique metaverse wearables for holders of top NFT projects. There are also a total of 20,373 items in the collection at the moment. According to the official website, 10KTF NFT uses a purpose-built ERC 721-approved smart contract to allow users to prepare derivative NFTs from their current NFTs.
The 10KTF smart contract ensures that only the existing owner of the NFT can build the derivative NFT accessory. Also, you can only create one NFT for each related parent NFT. Each 10KTF item is a unique 1-of-1 artifact. NFT is associated one-to-one with the overall project NFT.
The team behind the NFT project is the blockchain technology company WEEW. Co-founded by iconic artist Beeple, the WEEW platform brings memories into the metaverse via engaging experiences. WENEW has also partnered with Louis Vuitton to release a game where players can win LV NFTs. They are responsible for the first ever Louis Vuitton metaverse experience. The team of WEEW is as follows
This amazing team shares a long list of accomplishments and an important network across multiple industries, companies and artists.
The digital spearhead for the brand is their fictional character Wagmi-san. Wagmi San owns a shop that makes accessories for monkeys, cats, wizards, Toadz and other collections. Although the real name behind the 10KTF brand is still unknown. Furthermore, even with all this popularity, the identity of the actual founder of 10KTF remains hidden. Some of the potential leaders of the brand:
No further details about the actual owner of the mark are available.
Earlier this year, Yuga Labs acquired the 10KTF brand. WENEW co-founder and CEO Michael Figge is now the Yuga Leadership team’s newly appointed Chief Content Officer, with Beeple in an advisory capacity.
Wagmi-san is a fictional world-renowned craftsman. Wagmi-san creates accessories for monkeys, cats, wizards and Toadz, and other collections according to his mood on a particular day. 10KTF NFT is a rapid success story in the industry, and the future of the brand is now also in the hands of one of web3 entertainment’s leading names – Yuga Labs.
The Beeple-founded project has seen enormous success and support from various communities along the way. Amazingly, 10KTF can also use many additional NFT communities when building these elements that set this project apart from many others.
Essentially, the 10KTF store makes items for NFT collections that collaborate. Each item in the 10KTF collection needs the user to hold the related parent NFT to build their derived accessories. For example, only holders of a Bored Ape can design and emboss an Ape High Top. Furthermore, each item can only be stamped once for each NFT. This means that only one “Ape High Top” can be minted for a particular Bored Ape.
This also means that only a maximum of 10,000 Ape High Tops can be built, one for each separate Bored Ape. In addition, Wagmi-san customers who have 10KTF inventory tools and materials can now use them to craft empty items. Blank items can be used to build their preferred derivative NFT.
Blanks & Tools are crafting materials for various objects and collections. First, Blanks are digital objects created by Wagmi-san that can be returned to the 10KTF store to complete the artwork of the chosen parent NFT. To do this you must own the parent NFT in the same wallet as the empty one and it must be a collection backed by 10KTF.
Tools on the other hand can be used to create blank NFT items such as hats, backpacks and other items. These items can also be combined with certain parent NFTs (such as Bored Apes) to create a unique item. Only holders who own certain parent NFT avatars such as BAYC can create 1/1 items containing the parent NFT.
At the time of writing, Wagmi-san and blanks are supporting the following collections:
Currently, the official 10KTF website only supports Metamask. To use 10KTF, users should load the wallet containing their NFTs into Metamask. There are 22.2,000 items available, the total volume is 10.3,000 and the floor price is 0.65.
Gucci Grail: Post the success of the legendary fashion brand’s foray into the metaverse with the “Gucci Vault,” the brand launched a collaboration with 10KTF called the “Gucci Grail.” The narrative also sees Gucci creative director Alessandro Michele traversing New Tokyo to create two outfits inspired by the real-life Gucci Love Parade and the Gucci Aria collection.
Cougar: A collaboration with the iconic shoe brand launched earlier in June this year. Puma launched a new release of one of its classic trainers with the 10KTF.
10KTF NFTs can be purchased directly via OpenSea. The floor price of the 10KTF NFTs is at ~0.32 ETH at the time of writing. The project also has over 12,500 ETH in total volume.
Wagmi-san is a digital leader on all fronts in the Yuga/WENEW ecosystem. One of the friendliest and most familiar faces in the metaverse. Also, the handmade material he creates is a quality item for any wallet. Additionally, the well-built team is on a mission to change the way we interact with the metaverse. It’s also not a stretch to call Yuga Labs one of the best storytellers in the game.
“10KTF is leading the way in how the web3 world interacts with their PFPs. This level of interoperability gives owners a way to reflect their online identities, says Michael Figge, CEO and co-founder of Wenew Labs. “Over the past year, our community has demonstrated long-term commitment and we are proud to reward them for their commitment.”
Currently, Wagmi-san has disappeared, you can follow up on all the latest events by following official Twitter for the 10KTF store.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.