Checks - VV Edition is a project NFT artist Jack Butcher released on Jan 4, 2023, as part of a commentary on Elon Musk’s introduction of blue checkmark policy.
Checks’ burn mechanism allows users to combine and burn NFTs in Tier 1, the lowest tier, and upgrade the tokens to higher tiers.
The collections range from Tier 1 (featuring 80 check marks) to Tier 8 (featuring a single black check mark).
On-chain Analysis
Total Trades (WoW Changes)
Total volume of NFTs traded: +2.8% WoW
Total value of NFTs traded: -25.9% WoW
Top 10 Projects (By 7D Trading Volume)
7D Trading Volume by Segment (Based on Ethereum)
PFP (50.0%), utility (13.1%), and art (12.2%) came in as last week’s most traded NFT segments.
NFT Trading Volume by Blockchain
Ethereum’s market share based on trades over the past 7 days has climbed again to 82.6% from previous week’s 80.6%.
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