Latest Opepen Edition News

Salvino Armati and Jack Butcher unveiled Oviators, a unique eyewear collection based on Jack's famed Opepen IP. 

The Deets

• Limited Edition Collaboration: Exclusive eyewear designed by Salvino Armati and Jack Butcher
• Time-Limited Availability: On sale for 72 hours from December 8
• Unique Art Included: Each pair linked to a specially crafted NFT by Jack Butcher
• Purchase Price: 0.11 ETH

The Bulk

Eyewear designer Salvino Armati and artist Jack Butcher have created the Oviators collection, blending fashion with digital art. These limited edition eyewear pieces debut at an exclusive exhibition in Wynwood, during Miami's Art Basel weekend.

Oviators are not just physical eyewear but also come with a unique NFT component, generated by Butcher. The collection is available for a limited 72-hour window, which started today at 11:00 a.m. ET. 

In the first quarter of 2024, owners of these NFTs will have the opportunity to redeem their tokens for the physical Oviators. Each eyewear piece is not only a fashion statement but also a piece of art, as they are linked to specially generated artwork by Jack Butcher. 

🔜 What's Next?

In Q1 of 2024, token holders will have the opportunity to burn their NFT for the physical glasses. 

 🎬 Take Action 

Users interested can purchase their Oviators here. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Jack Butcher tweeted the reveal for Opepen Set 005, and the opt-in window closes in 48 hours.

The Deets

• 005: VVR is by @jackbutcher.
• The opt-in window closes Wednesday at 3 p.m. ET.
• 005 had to reach 20x oversubscription / 2000% demand to go live, which it already has.

❗ Why It Matters

Jack released VVR in the midst of the mania around today's announcement of Apple Vision Pro, Apple's new upcoming $3,499 augmented reality headset.

And the drop has been well received, as it has already surpassed the 2000% demand threshold across editions.

🎤 Founder Feedback

Vision Propepen pic.twitter.com/gSkN3z3aG5

— batz (@batzdu) June 5, 2023

🎤 Community Quotes

Give me all the VVR Opepens

What a move by Jack! pic.twitter.com/fN4LtDaO0K

— TylerD 🧙‍♂️ (@Tyler_Did_It) June 5, 2023

🧠 Learn More

• Opepen Sets 003 and 004 Revealed, Live for Opt-In (May 26, 2023)
• Opt-In? Opepen Drops 001, 002 Coming Soon (April 28, 2023)
• Butcher Expands On Opepens Mechanics (April 18, 2023)

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.

The floor is up to 0.9 ETH, up almost 30% on the day pic.twitter.com/rnqJJS2odI

— TylerD 🧙‍♂️ (@Tyler_Did_It) May 26, 2023

🎤 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

🔜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

• A Comprehensive Guide to Jack Butcher's Ecosystem

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

• Butcher Expands On Opepens Mechanics

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

• The Opepen Revolution
• A Comprehensive Guide to Checks by Jack Butcher

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 shared a detailed thread with more information on the underpinnings of the Opepen PFP. 

The Deets

Though nothing is final, Butcher did tip his hand at a few details for the upcoming PFP:

• Checks ownership will not be a requirement, but ownership will be considered where it is the case. 
• Opepens will not influence Checks supply or burn mechanics. 
• Opepens will not be rushed and there is no official timeline. 

❗Why It Matters

The upcoming PFPs resulting from Opepens could represent a really unique development in a time in which major PFP brands are flailing. Moonbirds, Clone X, and Doodles are commonly cited as brands losing a grip on web3 and prices reflect the trend of sentiment surrounding the projects. Butcher has seemingly built the opposite in the last few months with Checks and Opepens, essentially free mints that hold values rooted in permisionless systems and innovation. If done right, could Opepfps fill a void left by the former blue chips? 

🎤 Founder Feedback

Jack Butcher was at the center of attention on Sunday, teasing an Opepen PFP and pointing out some of the early detriments of OpenSea's royalty policy change. 

Back It Up

As a nod to web3's obsession with Pepe, in January alongside the Checks release, Butcher also released an open edition "Opepen." The collection started with an image of a "mondrian-like" Pepe present on all 15,984 NFTs. Late last night though, Butcher changed the metadata to a single green circle, and tweeted "Opepen PFP?" 

❗Why It Matters

Butcher's teasing may provide an opportunity for those outside the Visualize Value ecosystem to acquire an NFT from Butcher at a cheaper entry point, that is, if he drops a PFP. Additionally, the potential to utilize Opepen as a "mint pass" for a larger PFP collection is important in two ways. Firstly, it continues a trend of open edition projects becoming eventual access points to other NFT collections (see also End of Sartoshi, Pepe Checks). Secondly, an Opepen PFP may provide Butcher with access to at least a minimum royalty (because of the new collection creation), something that he's struggling to generate on Checks because of OpenSea's recent change. 

🔥Hot Taek

While the finances provide the "shock" in Butcher's notes about royalties, perhaps the more appaling aspect of this situation is OpenSea's inability to communicate to one of its top creators and money makers. If someone made you $300,000, and was poised to make you a whole lot more, would you respond to their emails? 

📊 By the Numbers

• Opepen surged from around 0.14 ETH to 0.5 ETH at the time of writing, a 450 percent increase in the last 24 hours. 
• According to Butcher, OpenSea generated around $300,000 in revenue from Checks trading last week. For Butcher to achieve that much in creator royalties at 0.5 percent, his collections would need to trade $60 million on the secondary market. 

🎤 Community Quotes