{"id":4223,"date":"2023-02-27T08:00:33","date_gmt":"2023-02-27T08:00:33","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/27\/all-you-need-to-know-the-checks-nft-collection-nft-plazas\/"},"modified":"2023-02-27T08:00:33","modified_gmt":"2023-02-27T08:00:33","slug":"all-you-need-to-know-the-checks-nft-collection-nft-plazas","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/27\/all-you-need-to-know-the-checks-nft-collection-nft-plazas\/","title":{"rendered":"All You Need to Know: The Checks NFT Collection – NFT Plazas"},"content":{"rendered":"

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Whenever the NFT landscape experiences a sharp market downtrend, a savior project will often emerge that re-awakens and revitalizes the niche. NFT aficionados have experienced the debut and aftermath of reputable projects like the BAYC, Cool Cats, CryptoPunks, Meebits, Doodles, and Moonbirds, and how they reshaped the entire landscape at their respective debuts. As the wheels of time rolled over into 2023, another fantastic project took its place among these blockchain heavyweights, the <\/span>Checks NFT Collection<\/a>.<\/span><\/p>\n

What is Checks Collection?<\/b><\/h4>\n

The <\/span>Checks Collection<\/span>, also dubbed \u201cChecks- VV Edition,\u201d is another grand NFT project created in 2023 by renowned artist, <\/span>Jack Butcher<\/span>. It is a collection of 16,031 NFTs minted within the 24 hours of January 3 and 4, 2023, on the Ethereum network. The collection emerged at a time when activities in the NFT sector had slowed due to the recent unprecedented crypto market trend. According to <\/span>Jack Butcher<\/span><\/a>, with 12,000 pieces minted, the collection had already recorded almost 2,000 unique collectors\/owners.<\/span><\/p>\n

Are you wondering what the fuss about the Checks collection is?<\/span><\/p>\n

The Checks collection was inspired by the new trend of assigning verification checkmarks to Twitter users who can spare $8\/month for the privilege. <\/span>This will be an exciting read, so grab something to sip as you enjoy the tale of the Checks NFT Collection.<\/span><\/p>\n

About the Twitter Checkmark<\/b><\/h4>\n

Recall that Twitter has a blue verified checkmark that symbolizes legitimate accounts of public figures and celebrities, including active and prominent users of the bluebird space since its inception. The checkmark signifies the importance and certifies the legitimacy of public figure accounts that Twitter has verified to address the spread of fake accounts and catfishing in its space. When Elon Musk acquired Twitter in 2022, he changed the status quo of the checkmark by offering it to everyone who can afford an $8 monthly service fee.<\/span><\/p>\n

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Butcher already had the idea of creating the checkmark theme before Musk\u2019s acquisition; however, the change made it a perfect time to hatch and create the Checks collection.\u00a0<\/span><\/p>\n

About the Checks Collection<\/b><\/h4>\n

According to the Checks official <\/span>website<\/span>, \u2018<\/span>Checks is an infinite canvas for expression designed to challenge the concept of ownership and authorship in the internet age.\u2019<\/b> The Check collection (or VV Edition) is an open edition collection of 16,031 NFTs which currently has 4,298 collectors, with an average collector owning 3.5 Checks. As of this time, the collection has recorded 18,128.5711 ETH ($30 million) in trading volume, with a circulating supply of 16,029, out of which 10,500 were listed on <\/span>OpenSea<\/span><\/a> at a floor price of 1 ETH.\u00a0<\/span><\/p>\n

Each Check NFT features 80 checks in an 8\u00d710 portrait grid. Within 24 hours of launch, 16,027 NFTs were sold out at $8\/NFT, imitating the recent Twitter charges for checkmarks. According to OpenSea, the project was created and listed by Visualize Value, a consulting agency founded by Butcher. From the available analytics on OpenSea,\u00a0<\/span><\/p>\n