VV Check mate?
The latest NFT sensation taking the crypto world by storm is VV-Checks, the open-edition NFT collection created by visual artist Jack Butcher. Inspired by the iconic Twitter verification checkmark, each NFT features 80 checks in a mesmerizing 8×10 grid pattern. As of this writing the vv check project floor is sitting at over 2.1 ETH $8,896.33.
On January 3, 2023, 16,027 NFTs were sold out in just 24 hours at the launch price of $8 each, mimicking the amount Twitter charges for verification. The project aims to capture the changing context of verification in the digital age and challenge the concept of ownership and authorship in the internet era.
VV-Checks and Jack Butcher
Jack Butcher is a renowned graphic designer and art director, known for his work as a creative director for some of the biggest brands in the world, including Amazon and Ferrari. He is the founder of Visualize Value, a Nashville-based consulting agency, where he has honed his skills for over a decade in Fortune 100 advertising.
In early 2021, Jack embraced the NFT craze and has been making waves in the crypto world with his innovative and thought-provoking collections. One of his most successful NFTs, “NFTs, Explained”, sold for a staggering 74 ETH. Jack’s unique perspective and expertise in graphic design and art direction have made him a sought-after figure in the NFT world, and his collections are highly coveted by NFT collectors and investors alike.
With Jack Butcher’s unique perspective and expertise in the graphic design and art direction, it’s no surprise that he has quickly become a sought-after figure in the NFT world. He has already created several successful collections that have garnered the attention of NFT collectors and investors alike. His innovative and thought-provoking work is making a lasting impact on the world of NFTs and establishing him as a force to be reckoned with in the industry.
Given Jack’s impact on the NFT space and the popularity of his collections, it’s likely that he will join the ranks of NFT luminaries such as Tyler Hobbs and Snowfro. These artists’ projects have become part of the larger art culture and helped shape the NFT landscape as we know it today. With Jack’s continued success, he is poised to leave a lasting impact on the world of NFTs and cement his place in the NFT lexicon.
Burn the Checks
The Checks NFT collection is more than just visually stunning – with each piece showcasing 80 check marks arranged in a captivating 8×10 grid. But what’s truly taken this project to the next level is its innovative burn mechanics and engaging game theory.
By holding multiple Checks, NFT owners can burn them to create more limited versions of the artwork. The process works like this: burn 2 80-check pieces to receive 1 40-check piece, burn 2 40-check pieces to get 1 20-check piece, and so on until you have a single-colored check. And if you’re looking for the ultimate grail, 64 single checks can be burned to create a single black check mark piece – with only three of these rare pieces in existence.
The fun doesn’t stop there – users must choose which serial number to keep when burning their NFTs, adding an extra layer of strategy and excitement to the process. This has resulted in the formation of DAOs to create specific serial numbers, colors, and even the coveted Black check – driving up its price and scarcity even further.
The burns have yet to begin, and with only 5% of the original 16,031 total Checks listed for sale, this NFT project is one to keep an eye on.
Vincent Van Dough Derivative.
The VV Checks project has been a huge success, generating a total of $514,374 for Jack Butcher through the initial mint and royalties. The popularity of the project has even spawned a derivative, Vincent Van Dough’s Checks, which generated a massive $1,641,296 in just one day of its mint. The innovative burn mechanics and game theory have created a buzz around the project and have led to the formation of DAOs, driving up the price of the highly coveted black check mark piece. The attention and insanity surrounding this project is a testament to its success and impact in the NFT world.
On VV Checks, Jack Butcher has made
$128,568 on mint
$385,806 on royalties
———-
$514,374 total
Vincent Van Dough's derivative of Checks just made more than 3x that in a day.
$1,641,296 on mint
— NFTstatistics.eth (@punk9059) February 6, 2023
The Checks Counterpoint and NFT Meta
wale.swoosh posted the following tweet that makes some really good point about the challenges facing the current NFT meta and what risks may come from this project.
Open editions:
Why new metas are NEVER here to stay 🧵👇
(1/18) pic.twitter.com/EXpnmqJKPi
— wale.swoosh 🐳 (@waleswoosh) February 6, 2023
FAQs
The latest NFT sensation taking the crypto world by storm is VV-Checks, the open-edition NFT collection created by visual artist Jack Butcher. Inspired by the iconic Twitter verification checkmark, each NFT features 80 checks in a mesmerizing 8×10 grid pattern.
What is a blue chip project? ›
The term 'blue chip' has its roots in the finance market, and usually, it symbolizes stocks from well-known organizations that are recognized for their exceptional performances, even when times are faltering. Similarly, blue-chip NFTs are recognized for their intrinsic worth, safety, and historical appreciation.
What is an NFT artwork? ›
Non-fungible token (NFT) art refers to digital assets stored on a blockchain that represent content or even physical items. Art mediums that NFTs can represent include digital drawings, paintings, music, film, poetry, or books. NFT art allows artists to sell or rent their artwork beyond the physical world.
What is a NFT collector? ›
A non-fungible token collection refers to a curated set of unique digital assets that exist on a blockchain. Each NFT within a collection is distinct and has its own intrinsic value based on its rarity, history of ownership, utility and liquidity.
What are blue chips in crypto? ›
Blue chip cryptocurrencies represent a maturation of the crypto market, embodying stability, credibility, and longevity. With their established positions, wide-scale adoption, and potential for growth, these digital assets have the power to redefine traditional finance and investment practices.
Why is blue chip important? ›
The term "blue chip" comes from the game of poker, where a blue chip holds the highest value. On Wall Street, a blue-chip stock is usually a highly valued and well-known company with characteristics that benefit investors over the long run, such as stable cash flows and consistent dividends.
What is blue chip use for? ›
Blue-chip stocks in India are an attractive investment option for individuals who want to generate steady returns over a long period. However, investors can always explore other investment avenues and enhance the profitability of their investment portfolios.
What happens if someone uses your art as an NFT? ›
Unauthorised Reproduction: This occurs when someone copies a copyrighted work—be it art, music, video, or any digital content—without permission and mints it as an NFT. This direct copying infringes on the copyright holder's exclusive right to reproduce their work.
What is the difference between NFT and crypto art? ›
The concept of “crypto art” references digital art pieces that are bought with cryptocurrencies, while anything can be an NFT even if it is not art-related. These are valuable digital assets that offer something hard to find in digital art: ownership of the piece.
How does crypto art work? ›
Crypto art is preserved on the blockchain in the form of nonfungible tokens, or NFTs, and are usually tied up with a monetary value. Just like traditional art forms, the value of crypto art or NFTs is heavily influenced by the credibility of the creator, the rarity of the art and its demand in the collector's market.
Individuality and scarcity often drive an NFT's value. For instance, digital artworks, rare virtual items in games and other unique digital assets can be tokenized as NFTs, and their value is determined by the demand and willingness of buyers to pay a certain price.
How do you make money with an NFT collection? ›
The three main ways to make money with NFTs.
- Create and Sell Your Own NFT Art. ...
- Invest in NFT Collections. ...
- Selling NFTs You Get from Playing NFT Games. ...
- Trade NFTs on Secondary Markets. ...
- Earn Passive Income through NFT Staking. ...
- Investing in Virtual Land and Metaverse Assets.
- Cozomo de'Medici is a pseudonymous NFT collector, investor, and thought leader who has become one of the most popular and prominent names in the NFT community. ...
- YeahYeah is an NFT collector, curator, and enthusiast who has amassed a following by routinely offering insights into — and analysis of — the NFT market.
For all of these reasons, blue chip stocks can make good investments and are among the most popular stock purchases for investors. Some examples of blue chip stocks are IBM Corp., Coca-Cola Co., Microsoft, American Express, McDonald's, and Boeing Co.
What is blue chip company example? ›
Blue chip stocks are the stocks of dependable, profitable companies that have stood the test of time. Investing in high-quality blue chip companies can be a way to strengthen your stock portfolio. Apple, Berkshire Hathaway, Coca-Cola, Johnson & Johnson, and American Express stand out as top blue chip stocks.
What makes an artist blue chip? ›
Blue-chip art refers to high-value artworks by well-established artists – artists with a solid reputation for creating art that increases in value over time.
Are blue chip funds good or bad? ›
Yes, Blue Chip Funds can generally be good investments. They focus on well-established, financially stable companies, offering stability and the potential for consistent returns. However, suitability depends on your financial goals and risk tolerance.
