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Jack Butcher brings us Openpen
With trading volume rising higher than 60,000 ETH and individual sales recorded at more than 30 ETH, many eyes are on Open Edition Pepe by Jack Butcher. Here is everything you need to know.
TL; DR
- Open Edition Pepe by Jack Butcher is gaining attention in the Web3 world with its trading volume of over 60,000 ETH and individual sales recorded at over 30 ETH.
- Openen is a unique NFT collection with 16,000 works of art in an open edition that changes over time. Inspired by Pepe the Frog and digital artist Batz, it explores concepts of uniqueness, scarcity and abundance in the Web3 community.
- Open introduces unique drop mechanics, with art revealed gradually and collectors having the option to sign up for previews of artwork they like. Butcher aims to create a sense of community engagement and foster collaboration between Openen collectors.
Jack Butcher, The Creative Web3 Genius
In the Web3 world, we often witness exciting crossovers and derivatives where art, projects, memes and personalities intertwine and create new and influential trends. Significantly, a notable name in the room is Jack Butcher, the the brain behind the successful Checks NFTs project. Also, Butcher’s latest venture, Opepen, takes inspiration from the iconic Pepe the Frog meme.
Pepe the Frog, a cartoon character created by Matt Furie in 2005, has become a symbol in the crypto world. Various NFT projects have used it, and it has even served as inspiration for their own cryptocurrency meme coins. Given Pepe’s great influence, it is no surprise that it played a role in the creation of Opepen.
What is Openpen?
Opepen is a collection of 16,000 open edition NFTs, designed to change their artwork over a variety of drops and reveals. Therefore, it is no wonder why Butcher’s dynamic approach to the project has gained attention. Additionally, trading volume exceeds 63,250 ETH ($116 million) and individual sales are recorded at nearly 31 ETH ($58,000).
Furthermore, Opepen is not just an NFT collection for digital art, it is a community-driven experiment that delves into the uniqueness, scarcity and abundance of Web3. Inspired by the works of digital artist Batz, Butcher took elements of batz’s use of shapes and created his own style. The name Opepen combines open, meaning open-issue NFTs, and Pepe, the beloved frog meme of Web3.
The Open was launched on 8 January 2023, with a unique approach to open editions. Instead of revealing the NFTs immediately, Butcher chose to have a series of drops happen at random intervals. Each drop consists of 80 openings out of a total of 16,000. Additionally, some drops have art prints that are shared between the set, while others include slight variations or even unique pieces. The distribution of art remains random, creating an atmosphere of excitement and surprise.
To add an interactive element, Opepen introduced the concept of opt-ins. Each Openpen owner can choose to opt-in to previews of artwork they like by signing a message in the crypto wallet. If the proposed metadata change receives a 200 percent sign-up rate, the full NFT graphic is revealed. Therefore, this unique mechanism allows collectors to take part in the discovery process and influence the outcome of each drop.
Why was Openpen launched?
Significantly, Butcher’s intention with Opepen was to experiment with the idea of uniqueness in the digital realm, a recurring theme in his Web3 projects. In contrast to his earlier focus on scarcity and rarity in Checks, Opepen explores the concept of abundance in art and how it affects collector choices. Furthermore, Butcher aimed to foster a sense of community among Openen collectors. He does this by involving them in the creation process and encouraging collaboration.
Throughout the development of Openpen, Butcher has shown transparent leadership. In addition, he actively shares updates and participates in discussions about the project on Twitter, giving enthusiasts insight into its development and future. This open dialogue allows collectors to provide feedback and opens doors for potential collaborations with other artists.
