Latest Checks - VV Originals News

Opepen Sets 003 and 004 Revealed, Live for Opt-In
Julian Son

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

🎤 Community Quotes

 

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Opepen Sets 003 and 004 Revealed, Live for Opt-In
Jack Butcher Releasing Checks Elements
Logan Hitchcock

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

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Jack Butcher Releasing Checks Elements
Opt-In? Opepen Drops 001, 002 Coming Soon
Logan Hitchcock

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.

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Opt-In? Opepen Drops 001, 002 Coming Soon
Opepen Snapshot Coming Soon
Lennster

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. 

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Opepen Snapshot Coming Soon
The Opepen Revolution: Seeds of Metadata Change
Julian Son

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.

 

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The Opepen Revolution: Seeds of Metadata Change
Jack Butcher Unchecks Blur Bidding
Bill Monighetti

Blur farming has been a hot topic ever since the exchange's token drop last month. A common criticism of this new "reward-farming" meta that Blur has brought to the forefront has been the "shitcoin-ization" of NFTs, with no premiums placed on aesthetics or rarities as collectors look to farm collection rewards. Last night, Jack Butcher responded by taking steps to protect his Checks collection from Blur reward farming.

🔎The Details

Butcher hosted a poll last night, asking his followers whether they'd like Blur bids to be enabled or disabled on the collection. The poll results showed that over 58% of Checks holders would prefer Blur bids be turned off, with only 23% voting in favor of Blur bids (18% abstained). This change will be applied to the Editions contract only, and there is another poll now live to determine whether the experiment will last for 24 hours or one week at first. On the matter of Blur bidding, Butcher himself said he has "no strong opinion, but the feedback has been very loud from people who have supported the project from the beginning."

🎤 Community Feedback


Ohhh snap. Jack to start a new trend against $blur. Time to deploy capital. Let the farmers dump.@cnd1983

Jack Butcher Unchecks Blur Bidding
Jack Butcher Sheds Light on Opepfps
Logan Hitchcock

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


the goal is to create something that can function as a unique identifier, a piece of art, and a signal of participation/belief/enjoyment in a set of values that I would broadly define as permissionless creativity in an internet economyJack Butcher

Jack Butcher Sheds Light on Opepfps
Checkpoint: A Collective Pursuit of the Black Check
Julian Son

The Tessera team rolled out a tool called Checkpoint, which allows collectors of Checks to work together for the black check, according to announcement made by co-founder @andy8052.

❗ Why It Matters

Jack Butcher's Checks have led the way in the "gamified open edition" meta that has dominated the NFT space over the early part of 2023. The vaunted Black Check is the top-level grail, requiring the burning of 64 single Checks or 4,096 total Checks NFTs. No single Black Check has been created yet.

Several DAOs had been rumored to be forming to try and accomplish the feat, but no solutions like Checkmate had yet materialized (until now). 

The Deets

  • Checkpoint is built on top of @tessera, and any Checks collector can deposit and withdraw their Checks on the app (checkpoint.tessera.co).
  • Checks of all types can be deposited, and users will be awarded a value based on the total number of Checks merged to get that one.
  • Once the contract achieves the required 4,096 Checks, it will merge them into the Black Check.
  • After the Black Check is generated, users will be able to redeem their Raes* and gain ownership over the Black Check in the Tessera vault (tessera.co).
    • *Rae is short for the plural form of Tessera (Tesserae) and is a type of NFT that represents collective ownership and governance of a vaulted NFT.

🎤 Founder Feedback

🎤 Community Quotes


we do a little potential collective ownership of a black check 👀DeeZe

Checkpoint: A Collective Pursuit of the Black Check
Twelve Checks or TwelveFold?
Logan Hitchcock

Jack Butcher airdropped Twelve Checks, a checks/TwelveFold crossover, to all 12 holders of "One Check" NFTs. 

🧐Wait, What?

Yuga Labs' TwelveFold collection on Bitcoin has been the topic of conversation this morning as more of its outputs were revealed. One particular series of 12 NFTs, which highlights a single row and column with blue and pink bubbles, has bore the brunt of the joke. Jack used that exact output in his Twelve Checks rendering which was airdropped to One Check holders. 

The Deets

  • The new collection can be found here as "Twelve Checks.
  • The collection holds a standing offer of 0.80 wETH on OpenSea. 
  • Each Twelve Check takes on the form of one of Yuga's TwelveFold inscriptions. 

🎤Community Quotes


bro has no chill 💀Frank DeGods

 

 

 

Twelve Checks or TwelveFold?

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