Latest MERGE VV News
Jack Butcher tweeted reveals for Opepen Set 003 and Set 004, and both are now live for opt-in.
The Deets
- 003: Full Circle is by @batzdu.
- 004: Consensus is by @visualizevalue.
- The opt-in window closes Monday at 6 p.m. ET.
- You can opt in to one set per Opepen, but not both with just one.
- Both are already significantly oversubscribed, far surpassing the 200% minimum threshold.
- Metadata will be revealed on Monday.
- As an added bonus, batz's Opepen holders will each be airdropped Bong Rip Opepe next week.
❗ Why It Matters
Opepen PFPs are on fire, and it feels like the focus is squarely back on Jack now. Jack has taken his time to get things right with the drop mechanics, utilizing a unique opt-in mechanic to allow users to "choose" which Opepen packs they are a part of.
This Opepen release also comes amidst the backdrop of the Checks Elements auctions at Christie's over the past week and on the heels of today's Meme Card #103 card drop, "Don't Trust, Check." from @jackbutcher, so there are many in the space that are paying attention to and keying in on Jack's ecosystem right now. Perhaps the recent revival in the appetite for art and the merciful end of memecoin season have been contributing factors too.
📊 By the Numbers
And the Opepen floor is surging now after the market clearly likes Releases 003 and 004.
— TylerD 🧙♂️ (@Tyler_Did_It) May 26, 2023
The floor is up to 0.9 ETH, up almost 30% on the day pic.twitter.com/rnqJJS2odI
🎤 Community Quotes
Trying to get GF to leave dinner so I can sweep another 30 Opepen before 1ETH and she’s just enjoying her tiramisu 😅
— Flywheel ⌐🆇-🆇 (@flywheelfund) May 26, 2023
🧠 Learn More
- Opt-In? Opepen Drops 001, 002 Coming Soon (April 28, 2023)
- Butcher Expands On Opepens Mechanics (April 18, 2023)
Jack Butcher is releasing "Checks Elements," an innovative 152-piece collection of physical monoprints paired with on-chain non-fungible token counterparts, slated to go on auction at Christie's.
The Deets
- The collection is titled "Checks Elements," based on classical elements: Earth, Fire, Water, and Air
- Six tiered releases, including Alpha, Order, Isolate, Composite, Compound, and Complete
- Initial auctions for Alpha Elements: Earth, Air, and Water commence at Christie's on 5/16
- The remainder of the collection becomes available on 5/23, Checks day 100, with successive auctions starting 5/24
- Checks, Opepen, or V/V 1:1 holders earn an Infinity Check bidders edition NFT for each auction tier they participate in
The Bulk
Checks Elements, the innovative project that pairs physical art with digital counterparts, is bringing a 152-piece collection to the public. Titled "Checks Elements," the collection revolves around the classical elements - Earth, Fire, Water, and Air - and brings them to life through stunning monoprints and their corresponding NFTs.
The collection is arranged in six tiers, all multiples of the original four elements: Alpha, Order, Isolate, Composite, Compound, and Complete. Each artwork in the collection is a generative piece on Ethereum, hand-drawn and then reproduced via a Mailander 202 lithographic printing press, following the algorithmic instructions inherent to the NFT.
The first auctions for Alpha Elements: Earth, Air, and Water will begin this week at renowned auction house Christie's, with 30 percent of the proceeds going to St. Jude's Children's Research Hospital. The remaining collection will be made available 24 hours after the Christie's auctions close on 5/23, marking the 100th day of Checks.
❗Why It Matters
Jack Butcher continues to innovate on top of the Checks ecosystem, this time bridging the digital and physical worlds with an on-chain NFT and physical print as well. While the ecosystem has lost some of its shine during the depths of an NFT bear market, Butcher and team continue to build out Checks and Opepen.
📊 By the Numbers
The Checks collections, Originals and Editions, are down 22 and 32 percent respectively over the last month. The collections hold floor prices of 0.32 and 0.42 ETH.
🎤Community Quotes
Im speechless! What a brilliant way to celebrate 100 days of checks!! Congrats Jack! You rock 🤘🏼So happy to come along for the ride !!! 🫡The SkepChick
🔜What's Next?
Keep an eye out for the start of the Checks Elements auctions on 5/16 at Christie's. The remaining collection will be available for bidding starting from 5/24, Checks day 101. You can explore more here.
🧠 Learn More
Jack Butcher announced that Opepen will utilize an "opt-in" mechanism and drops 001 and 002 will take place soon.
The Deets
- Opt-in system for drops 001 and 002
- Generous 48-hour window to participate, expected to open this weekend
- Reveal set for early next week
- Unsold art will be withheld, new pack developed
The Details
Opepens will utilize an opt-in system that allows potential buyers a generous 48-hour window to participate. This opt-in system aims to give everyone a fair chance to acquire the new NFTs.
The reveal for these drops is planned for early next week. If either pack is not sufficiently subscribed (with the percentage to be determined), the art will not be dropped and a new pack will be developed instead. This ensures that the NFTs maintain their value and exclusivity.
❗️Why It Matters
The long-awaited Opepen PFPs are just around the corner at this point. While the market seeks something new and fresh, Jack Butcher continues to push the envelopes of project delivery, utilizing a unique opt-in mechanic to allow users to "choose" which Opepen packs they are a part of. Unfortunately, sometimes the added complexity can work against a project if it's not easy for the participants to understand.
🎬 Take Action
Stay tuned for more details on Opepen's NFT drops and be prepared to opt in during the 48-hour window starting this weekend.
🧠 Learn More
Jack Butcher announced a snapshot is coming for Opepen holders tomorrow, Apr. 21 at 7:00 p.m. ET.
❗Why It Matters
Yesterday we broke down the thread by Jack explaining the upcoming evolution of the Opepen collection and how each collection is meant to "reflect the ideas of the infrastructure on which they are built permissionless creativity and value exchange, networked art, experimentation, and a solution to the cold start/blank page problem that many experience." To kickstart that experiment, Jack will take a snapshot of holders tomorrow.
The Deets
- Opepen packs to be released in 200 drops
- 80 Opepens revealed per drop
- Provably random algorithm
- Metadata changes on existing tokens
- Checks Originals holders prioritized
❓Q&A
Jack answered a few community questions in the response to his initial tweet:
- Q: If someone only holds one Opepen they can still get a 1/1?
- A: yes
- Q: Is a lower digit serial number better or that doesn't matter?
- A: "Serial doesn't affect assignment, but will be preserved"
- Q: Is the snapshot tomorrow for all 200 drops or just for the first one?
- A: "all 200"
💰 Money Talks
The Opepen collection has been mostly stable over the last 30 days, up only one percent to 0.36 ETH at the time of writing.
🧠 Learn More
Jack Butcher expounded on the mechanics of Opepen's upcoming evolution as part of an expansive tweet thread 🧵 spanning yesterday and today.
❗ Why It Matters
While Jack Butcher made it clear last month that the Opepen PFP project had no official timeline, crypto Twitter's current fascination with the recently launched $PEPE token makes now an ideal time to revisit his open edition dedicated to Pepe the Frog, "the internet's most prolific memetic character."
What It Means
As far as the mechanics go, Opepen packs will be released in 200 drops, with 80 Opepens revealed at a time and then selected to undergo a metadata change (in true @jackbutcher fashion), until it achieves the supply of 16,000 (16,000/80 = 200).
Notably, there are selection multipliers in place that will prioritize Checks Originals holders, who will receive better serials and earlier reveal odds.
The Details
A summary of the takeaways, in the words of Jack Butcher:
- 200 drops ("200 collections within the collection")
- 80 Opepens revealed per drop ("as we release each pack, 80 opepens will be selected and revealed")
- Provably random ("via a provably random algorithm (will open source in the thread here shortly)")
- Metadata changes on existing tokens
- Checks Originals increase the likelihood of your Opepen being revealed in an earlier, lower number drop ("with some selection weights applied to checks originals collectors")
- $0.
🎤 Founder Feedback
🧠 Learn More
- Jack Butcher Sheds Light on Opepfps (March 16, 2023)
- Jack Butcher Sparks Conversation, Opepen Change (February 20, 2023)
Jack Butcher stirred the NFT community with another potential teaser tweet on Tuesday morning.
❗Why It Matters
Over the weekend Butcher's "Opepen PFP?" tease sent the collection into a frenzy, jumping nearly more than 500 percent in the course of a day. Now, many are suspecting that Butcher is teasing a plan for his other open edition, Merge VV. While Checks has a burn mechanism, Merge may be getting a Merge mechanism.
📊 By the Numbers
At the time of writing, Merge holds a floor price of 0.11 ETH, up more than 700 percent in the last week on increasing volumes in the last two days.
🎤 Community Quotes
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