10KTF Acquired by Potential Productions, Forming Kagami

Ethereum-based NFT challenge 10KTF was just lately acquired by Emmy Award-winning artwork and design firm Potential Productions recognized 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 challenge and its web3 improvements.

10KTF was initially based by WENEW Labs in 2021 earlier than Yuga Labs’ acquisition in November 2022.

Who’s Potential Productions?

Based in 2010 by Michael Figge, Potential Productions is a inventive studio with experience in artwork and design, engaged on among the world’s largest occasions.

The corporate has additionally been a vital content material accomplice for 10KTF since its launch, contributing to the challenge’s inventive course and growth.

Moreover, Potential has performed an energetic position in growing Yuga Labs’ Otherside, a preferred digital world within the web3 house.

What does this imply for 10KTF?

The 10KTF group, together with key figures from the challenge, will transfer to Potential Productions as a part of the newly established Kagami firm.

The acquisition permits Kagami to give attention to additional constructing the 10KTF model and growing modern instruments for the web3 house. Regardless of the change in possession, 10KTF will proceed to function as a premier accomplice inside Yuga Labs’ Otherside platform with a number of initiatives nonetheless on observe.

Present options like Wagmi-san’s store will develop 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.

Wanting forward, the subsequent season of 10KTF is anticipated to be introduced after ApeFest in Lisbon, the place the group will present a preview of their upcoming developments.