Ethereum-based NFT project 10KTF was recently acquired by Emmy Award-winning art and design company Maybe Productions, known for its work on global events such as Coachella and the Super Bowl halftime show.
The two entities merged to form a new company – Kagami – which will now oversee the continued development of the project and its web3 innovations.
10KTF was originally founded by WENEW Labs in 2021 and was subsequently acquired by Yuga Labs in November 2022.
Source: 10KTFWho are the possible producers?
Founded in 2010 by Michael Figge, possible Productions is a creative studio with art and design expertise working on the world’s biggest events.
The company has been a key content partner to 10KTF since its launch, contributing to the project’s creative direction and development.
In addition, Possible played an active role in the development of Yuga Labs’ Otherside, a popular virtual world in the web3 space.
Source: 10KTFWhat does this mean for 10KTF?
The 10KTF team, including key figures on the project, will be transferred to Maybe Productions as part of the newly formed Kagami company.
The acquisition allows Kagami to focus on further building the 10KTF brand and developing innovative tools for the web3 space. Despite the change in ownership, 10KTF will continue to operate as a premier partner within Yuga Labs’ Otherside platform, with multiple projects still underway.
Existing features such as Wagmi-san’s shop will be expanded to the next phase of the Yuga world, the Nexus, while handcrafted items from the 10KTF ecosystem will maintain interoperability in the Otherside metaverse. In addition, the Grailed PFP series will continue to be integrated into Otherside, allowing holders to access in-game activities and features.
Looking ahead, the next season of 10KTF is expected to be announced after ApeFest in Lisbon, where the team will preview their upcoming developments.
