Latest Checks - VV Originals News

Holders of Jack Butcher's "Checks" project can now each claim an accompanying Checks PFP. The PFPs are not tradeable and are "mirrored" to the Checks PFP, ensuring the appropriate Checks owner always has its respective PFP as well.

The Deets

• The "mirror" function: Automates ownership transfers for Checks and PFP tokens
• Semi-soulbound: Free claimable tokens for Checks PFPs, not tradeable but transferrable to new Checks owners. 

The Bulk

Jack and Jalil work up their magic once again with the innovative Mirrored721, an ERC721 extension. This innovative protocol updates Profile Picture (PFP) tokens to mirror the ownership of Checks tokens. The synchronization occurs through a "mirror" function, which automatically updates the PFP token when the associated Checks token changes hands.

Here's how it works: when the "mirror" function is triggered, it compares the current owners of Checks and PFP tokens. If both owners are the same, the function remains idle. But if they differ, the PFP token will be minted or transferred to mirror its corresponding Checks token.

The process comes with a small gas fee for users, but a bot handles single checks automatically.

To view or claim your Checks PFP, visit the official site. Additionally, the Checks PFPs can be viewed on OpenSea.

❗Why It Matters

Mirrored721 represents a leap in user experience and engagement, making Checks not just another NFT but a dynamic digital asset that updates in real time.

🎬 Take Action

Interested in taking advantage of this unique feature? Checks owners can head to the official Checks site to claim your Checks PFP today.

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

The Infinity Collection, a unique digital art experiment exploring the relationship between price, rarity, and collective taste, is now live for the public.

The Deets

• A novel concept: Infinite tokens with infinite supply for each piece
• Immutable: Created fully on-chain
• Price fixation: Each item permanently priced at 0.008 ETH
• Flexibility: Destroy art to reclaim the Ethereum at any time

The Bulk

The Infinity Collection is an innovative endeavor and experimental deep dive into the true essence of collecting. By stripping away the financial gains and focusing purely on the art, it challenges perceptions and poses pressing questions: Does the value of art lie in its price? Can we form connections with digital artifacts that aren't rare or particularly expensive?

Every token in this collection holds a constant value of 0.008 ETH. While some outputs might visually stand out more than others, every piece has an infinite supply. This means with each piece being infinitely remintable, the onus is on the collective to decide which tokens are the most valuable.

Earlier, 80 Genesis Infinity No. 0 pieces were exclusively airdropped to participants of the Checks Elements and Originals. These participants have the added advantage of pregenerating tokens for the next week, allowing them to reroll until they find a piece that resonates with them. For everyone else, they can generate new random Infinity tokens or regenerate existing ones at will.

For those eager to jump into this revolutionary world of digital art, several platforms including a web interface, OpenSea, and Etherscan have been set up.

🖼️ The Big Picture

The Infinity Collection seeks to redefine the boundaries of digital art collecting by focusing on pure appreciation rather than financial gain.

🎤 Founder Feedback

🔜 What's Next?

In the upcoming days, the Infinity Collection website will undergo enhancements with features like token gifting. Plans are also in place to launch the Infinity token on all EVM compatible chains.

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

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)

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

🧠Learn More

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

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

Checks holders can get tickets here: tokenproof.xyz/event/gasoline-checks