Don’t check, check. It is one of the few original cryptographic phrases that has stuck around over the years. NFTs are like any other “corner” of cryptocurrency. There are courses, recipes, plenty of cases of false hope, unexpected successes, and everything in between. The latest paradigm shift in NFTs has come courtesy of Jack Butcher, an exceptional creative mind who found self-driven success through Visualize Value and now through his latest NFT project, Checks.
Let’s dive into the subject of checks, and how they’ve changed the game for NFTs (well, at least for now).
Check, then check
For nearly two years on our sister network NewsBTC, we have been covering Butcher’s humanitarian efforts, which sought to raise funds to provide assistance to displaced individuals in Afghanistan. At the time, we spoke briefly with Jack about his desire and motivations for the Care Package project, which he said was inspired by “projects that create micro-economy, play-to-earn (Axi), business rights (bored monkeys) and generative art ( art pieces), adding that he “generally loves the off-limits nature of it all”.
Brand Jack has grown exponentially since we spoke with him briefly in August of 2021. He continues to grow his brand “Visualize Value,” which shapes worlds of creativity, motivation, and inspiration through concise and simple digital production.
Now, he’s back for more with Checks, a groundbreaking butcher project that’s making waves across the NFT community.
Ethereum-based NFTs, like Jack Butcher's 'Checks,' continue to headline the market. | Source: ETH-USD on TradingView.com
What are wave derivatives
Checks truly respects the “check, not check” perspective that has long been rooted in crypto and internet culture. Citing Twitter’s shift to a “pay-to-check” approach, Checks intends to “capture a moment in time — the changing context in which a check takes place… Once a badge awarded by institutions, the coveted check mark is now a symbol that just means the owner is able to He endured it and that he was ready to pay it. If no one is verified, everyone is verified. If no one is eminent, then everyone will be eminent.”
The project also seeks to challenge traditional views of nascent NFT culture, serving as an “infinity canvas for expression designed to challenge the notion of ownership and authorship in the Internet age.” No matter how all this makes you FeelUndoubtedly, it’s a great ride for Butcher, who ends the project’s introduction with “Don’t Trust – Verify”.
What followed was equally wonderful. Derivatives by the dozens, if not hundreds, entered the market at breakneck speed. The most notable derivative came from prominent NFT personality Vincent Van Du, who launched an open mint derivative that generated nearly $1.6 million in profits in less than 48 hours (compared to Butcher’s $500,000 from the original check, according to NFTstatistics.eth Math).
While many have pushed Project Butcher to spark a larger debate about the viability of open-issued NFT projects, we can only assume that it’s all part of Jack’s master plan. In the meantime, the project is one of the most popular NFT pools on the OpenSea homepage – long after its initial launch. We’ll see how to “check” things.