To extend the premise of the original piece โ the question we are trying to answer is: are checks more desirable if they are harder to get?
We can find out by incentivizing a reduction in supply.
We can find out by incentivizing a reduction in supply.
But we want to do it without destroying anything in the process.
Some new wireframe sketches informed by our semiperfect concept, and true to the invisible grid of the original piece:
80, 40, 20, 10, 5, 4, 1, 0
80, 40, 20, 10, 5, 4, 1, 0
Testing...
Recruited the legendary @jalil_eth & @traf to build some proper tech for the next round.
Below courtesy of the giga talented @traf (all this animation is done in-browser)
Below courtesy of the giga talented @traf (all this animation is done in-browser)
@jalil_eth @traf Current working mechanic (not final):
Burn your edition for an on-chain original.
Burn 2 originals for the next smallest edition original.
80 > 40 > 20 > 10 > 5 > 4 > 1
Stop wherever you like.
Burn your edition for an on-chain original.
Burn 2 originals for the next smallest edition original.
80 > 40 > 20 > 10 > 5 > 4 > 1
Stop wherever you like.
@jalil_eth @traf Hard to explain in text so here's a visual (again, a work in progress):
@jalil_eth @traf What this does: rewards every collector, creates new, original, on-chain work, and every interaction either maintains or reduces supply.
An idea for everyone following along in real-time, minting some of the concept sketches as a free claim for holders.
Interesting?
Interesting?
Scratch that, not interesting. Right click save only.
A few closeups of @jalil_eth's color tests for on-chain generation of new originals using only the 80 colors from the first piece:
80s (left)
20s (right)
A few closeups of @jalil_eth's color tests for on-chain generation of new originals using only the 80 colors from the first piece:
80s (left)
20s (right)
@jalil_eth Math Q:
How many possible permutations of the 80 grid are there?
Assuming 80 colors w/ duplicates allowed, 80 checks, 80 positions.
How many possible permutations of the 80 grid are there?
Assuming 80 colors w/ duplicates allowed, 80 checks, 80 positions.
@jalil_eth Answer:
one hundred seventy-six novemquadragintillion six hundred eighty-four octoquadragintillion seven hundred six septenquadragintillion four hundred seventy-seven sexquadragintillion eight hundred thirty-eight quinquadragintillion four hundred thirty quattuorquadragintillion
one hundred seventy-six novemquadragintillion six hundred eighty-four octoquadragintillion seven hundred six septenquadragintillion four hundred seventy-seven sexquadragintillion eight hundred thirty-eight quinquadragintillion four hundred thirty quattuorquadragintillion
@jalil_eth We will only be generating a fraction of a fraction of a fraction of a percentage of possible permutations, capped at 16,031.
@jalil_eth A closer look at yesterday's burn mechanic diagram:
2x editioned 80s โ 2x on-chain 80s
2 x on-chain 80s โ 1x on-chain 40
2x editioned 80s โ 2x on-chain 80s
2 x on-chain 80s โ 1x on-chain 40
The above video is on 2 second rotation, and the live link is at 3 seconds.
Think we're liking 3.
Think we're liking 3.
One issue with the perpetual motion to represent each piece is losing the low-probability in the outputs like the below.
Great in isolation but gets homogenous at scale.
Might make sense to make motion downloadable for display in a frame vs. running with it as the token.
Great in isolation but gets homogenous at scale.
Might make sense to make motion downloadable for display in a frame vs. running with it as the token.
At time of writing there are 2,964 holders (will try to track change from here on):
Avg: 5.4 editions per collector
Top: 247 editions (1.5% of supply)
20 collectors w/ over 100 editions
56 collectors w/ over 50 editions
And we hit 9th on opensea today ๐ซก
Avg: 5.4 editions per collector
Top: 247 editions (1.5% of supply)
20 collectors w/ over 100 editions
56 collectors w/ over 50 editions
And we hit 9th on opensea today ๐ซก
A visual recap.
Massively tempting to buy and burn 27 editions for a cleaner start, but we work with what we were given...
Work in progress burn data visualizer here to track macro:
Work in progress burn data visualizer here to track macro:
gm
Working on front end stuff today.
Data and burn UI.
Updates to follow.
Working on front end stuff today.
Data and burn UI.
Updates to follow.
One thing I have always known but had trouble articulating: markets are art.
In further developing this piece, we are producing a living piece of art that collectively represents our taste, behavior & psychology.
Thanks for being a part of it.
In further developing this piece, we are producing a living piece of art that collectively represents our taste, behavior & psychology.
Thanks for being a part of it.
"Token as canvas" enables this connection and interactivity, and the underlying infrastructure is as much a part of the work as the visual component.
Without it, the piece has an entirely different (and limited) meaning.
Without it, the piece has an entirely different (and limited) meaning.
We want to design something that simply reflects the behavior of everyone who interacts with it, forever.
Once the rules are defined and deployed immutably, the infinite art show begins.
Once the rules are defined and deployed immutably, the infinite art show begins.
We're building some components in framer to make our recap visuals above into live modules:
And here they are in a browser:
Quick bounty:
3x Checks to someone who can help me set up a simple twitter sales bot.
๐
3x Checks to someone who can help me set up a simple twitter sales bot.
๐
Sorted. ๐
Update shortly.
Update shortly.
โ
In the spirit of network effects, follow the bot @checksbot and drop your ens under this tweet, will airdrop 5 editions at random at 8 EST.
Minor interruption but we should be back now. ๐
Some transparency on listings, looks like 2 editions (12163 and 12165) have been stuck all day, h/t @Plotemy3.
Pinged @opensea_support so hopefully resolved soon.
๐
Pinged @opensea_support so hopefully resolved soon.
๐
You can pinpoint when they got listed below:
Secured a domain for the front end:
Meta commentary, but popped in my head when I saw this so will share to keep it transparent:
10/10 meme placement, entangled with the meaning of the project itself. ๐ซก
10/10 meme placement, entangled with the meaning of the project itself. ๐ซก
Big problem with that stuck listing, but incredible day, thank you all.
89 ETH of volume
2,133 sales
2,739 holders
Tomorrow we continue ๐ซก
89 ETH of volume
2,133 sales
2,739 holders
Tomorrow we continue ๐ซก
Since OS is bugged and throttling volume, removed all zero-royalty trading restrictions, and dropped optional royalty to 2.5%.
๐ซก
๐ซก
Contentious topic so more detail:
Royalties are essentially unenforceable based on the way I deployed the edition, so the option I had was to block zero-fee markets, and set an optional royalty on OS and buyers opt-in to paying. (ty)
Opened it up since OS listings are bugging.
Royalties are essentially unenforceable based on the way I deployed the edition, so the option I had was to block zero-fee markets, and set an optional royalty on OS and buyers opt-in to paying. (ty)
Opened it up since OS listings are bugging.
Even more candidly:
Given the our dwindling attention spans, throttling the volume and subsequently the attention on the project is a bigger risk than not earning royalties from the tiny percentage of people who do opt in (legends all the same). ๐
Given the our dwindling attention spans, throttling the volume and subsequently the attention on the project is a bigger risk than not earning royalties from the tiny percentage of people who do opt in (legends all the same). ๐
For proper context, here's what the "creator earnings" dashboard looks like on a collection with optional royalties.
This slice is pretty indicative of opt-in percentage, and it goes down as the price goes up (as number gets bigger, less people want to pay).
This slice is pretty indicative of opt-in percentage, and it goes down as the price goes up (as number gets bigger, less people want to pay).
I am v sympathetic to the idea of capturing upside from your work into the future โย and royalties are an important way to do that.
But there's also an argument to be made for reducing friction/maximizing attention/reach:
These 1/1s just kicked off (have been sitting for months)
But there's also an argument to be made for reducing friction/maximizing attention/reach:
These 1/1s just kicked off (have been sitting for months)
gm, weather check
One "semiperfect" set.
Would take 128 editions to produce.
Currently doable by 5 collectors.
Excludes the final check.
Would take 128 editions to produce.
Currently doable by 5 collectors.
Excludes the final check.
Checking in:
We just finalized the logic for the token IDs for the on-chain originals post-burn.
It is no secret that "low number good" has been a pervasive idea in collectibles and art way before we had these tools for digital provenance...
We just finalized the logic for the token IDs for the on-chain originals post-burn.
It is no secret that "low number good" has been a pervasive idea in collectibles and art way before we had these tools for digital provenance...
Not to mention numbers that mean something to individuals โ culturally significant numbers, birthdays, or flexing single digits.
Another aspect to your journey through Checks will be taking agency over the numbers associated with your originals.
I'll have a UI sketch soon.
Another aspect to your journey through Checks will be taking agency over the numbers associated with your originals.
I'll have a UI sketch soon.
Congrats to both! ๐ซกโ๏ธ
Sent for this just after mint, no physical plans but thought Iโd share.
Back to token IDs:
By no means a final design, but shows the mechanics โ each on-chain burned pair passes on the ID of the lower original.
By no means a final design, but shows the mechanics โ each on-chain burned pair passes on the ID of the lower original.
Our decision here came down to two choices:
1/ The new collection is ordered by each original, sequentially (80 checks at the high end, 1 at the low). Nixed this.
2/ What you see above, which gives collectors control over the token IDs they continue to create.
1/ The new collection is ordered by each original, sequentially (80 checks at the high end, 1 at the low). Nixed this.
2/ What you see above, which gives collectors control over the token IDs they continue to create.
Wrapping for the day.
Tomorrow: motion (think we found a great fix), contract tests and making some of the above UI real.
๐โ๏ธ
Tomorrow: motion (think we found a great fix), contract tests and making some of the above UI real.
๐โ๏ธ
gm โ๏ธ
Color testing underway.
Organizing our original 80 colors into a gradient to ensure any motion runs buttery smooth.
Left here represents an original, right is in color order.
Will become clearer with a real example shortly.
Organizing our original 80 colors into a gradient to ensure any motion runs buttery smooth.
Left here represents an original, right is in color order.
Will become clearer with a real example shortly.
Stage 1 verification complete, collection pending.
๐โ๏ธ
๐โ๏ธ
Playing w/ what can be communicated with color using our v low-density grid (for meme purposes only).
Feel free to remix the svg if you have an idea.
Feel free to remix the svg if you have an idea.
Guesses?
kg!
Last one then back to work
Checks on checks.
Found a proper fix for motion.
Unique, static originals will display on listing pages (maintaining rarity and aesthetic preference), motion will occur only on click, eventually looping perfectly back to the beginning.
All on-chain.
Motion starts at 6/7 secs in clip below:
Unique, static originals will display on listing pages (maintaining rarity and aesthetic preference), motion will occur only on click, eventually looping perfectly back to the beginning.
All on-chain.
Motion starts at 6/7 secs in clip below:
More subtle in our bigger compositions, here's a test in browser โย scrub the footage if you want to see how much it's actually changing.
Please excuse any twitter video compression, color and sharpness much crispier first hand.
Please excuse any twitter video compression, color and sharpness much crispier first hand.
We should have a v1 of the contract done tomorrow, then most of the complexity lives in getting the front end right.
Thanks for reading this far ๐ซก
Thanks for reading this far ๐ซก
I will attempt a tl;dr version of everything above in a separate thread tomorrow also, we are deep in show more replies territory down here.
Interesting suggestion raised via dm re: token IDs:
ID should be selectable from the two burned tokens vs. always defaulting to the lowest.
Need to think through trade offs.
ID should be selectable from the two burned tokens vs. always defaulting to the lowest.
Need to think through trade offs.
gm update:
Giving full agency to the collector to choose which ID to carry through each burn.
Thanks @0xMashroom for the thoughtful input on this.
Giving full agency to the collector to choose which ID to carry through each burn.
Thanks @0xMashroom for the thoughtful input on this.
A very happy accident:
Choosing this composition last week before twitter decided to axe the square crop.
Meme velocity hopefully less compromised as a result.
Choosing this composition last week before twitter decided to axe the square crop.
Meme velocity hopefully less compromised as a result.
Working on some animated explainers to explain burn logic that should circumvent the need to read this entire thread to understand how this thing is going to work.
Pictured 64 โ 1:
Pictured 64 โ 1:
Editions โ Originals
To get philosophical for a second, this process usually happens in reverse for traditional art:
The original is created and then editioned.
We are doing the opposite.
Fitting.
The original is created and then editioned.
We are doing the opposite.
Fitting.
Figure we should share all the ugly details here, for some reason godaddy suspended my account and reversed the domain purchase.
We make lemonade though:
We make lemonade though:
New burn UI sketch w/ collector ID choice:
@jalil_eth has been in the lab cooking up some beautiful new details that I am excited to share in the am.
Back to some color stuff and how evolution will work.
We may crack open a twitter space if there is interest.
๐ซกโ๏ธ
Back to some color stuff and how evolution will work.
We may crack open a twitter space if there is interest.
๐ซกโ๏ธ
Pretty sure we passed $1m in secondary volume today but opensea stats are glitching.
โ๏ธ
โ๏ธ
gm all,
We have been deliberating the language in the contract to describe the burn function. (obviously unchangeable after deployment so has to be perfect)
Landed on "composite"
definition: combine (two or more images) to make a single picture, especially electronically.
We have been deliberating the language in the contract to describe the burn function. (obviously unchangeable after deployment so has to be perfect)
Landed on "composite"
definition: combine (two or more images) to make a single picture, especially electronically.
We thought it important to not imply better/worse with the language here, simply describe what is happening.
The contract is as much a part of the art as the visuals.
The contract is as much a part of the art as the visuals.
OK time for another L:
Another @opensea bug resulted in someone buying the wrong token thinking it was the last in the collection (for ATH):
16,031 were minted, and one was burned (#10845)
Last token ID is #16031 but only 16,030 exist.
cont...
Another @opensea bug resulted in someone buying the wrong token thinking it was the last in the collection (for ATH):
16,031 were minted, and one was burned (#10845)
Last token ID is #16031 but only 16,030 exist.
cont...
We were using the opensea api to pull data into the frontend, so have tweeted out that 16,027 number a couple of times.
Extended an offer to buyer to buy back at price paid.
Extended an offer to buyer to buy back at price paid.
โ
Hypothetical visual to demonstrate token ID selection.
"What's in a number?"
"What's in a number?"
Some more UI module sketches.
gn weather check
Space tomorrow at 3pm EST, rsvp a few tweets up
๐โ
Space tomorrow at 3pm EST, rsvp a few tweets up
๐โ
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