Interviewing Schmrypto - The Largest Checks Holder

Hey Friends,

Welcome to Morning NFTea. Today we’ll be recapping a recent interview we had with the largest holder of Checks by Jack Butcher - Schmrypto.

We want to start off by thanking Schmrypto for his willingness to answer our questions. Considering the amount of game theory and strategy involved in this project, we didn’t expect Schmrypto to be such an open book. We presented him with 13 questions, some more personal than others, and to our surprise, he had no issue giving detailed answers to every question.

Now without further ado, let’s get into today’s piece 🤝

To kick this interview off, we wanted to understand Schmrypto’s familiarity with Jack Butcher and attraction towards Checks. At the time of this article, Schmrypto is holding (at least) $1.5 Million USD worth of checks, so it’s clear he must have pretty strong viewpoints.

Have you always been a fan of Jack Butcher?

Followed Jack on Twitter for a while, only recently got into the ecosystem with a 1/1 and Checks.

What drew you in to Checks?

A friend of mine referred me to them and I minted one more than them to be a jerk.

What does Checks represent to you?

Essentially the rise of composable social widgets and infinite games.

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In case you’re not familiar with what Schmrypto means by ‘the rise of composable social widgets and infinite games’, we’ve unpacked it for you here:

Composable social widgets allow users to mix and match different elements and features, creating a more flexible and personalized experience. This approach to social media design is becoming increasingly important as users demand more interactive and engaging experiences from the platforms they use.

Pairing this concept with the infinite timeline of Checks, Jack has managed to show us a Marketing Masterclass in real time.

Now let’s dive further into Schmrypto’s fascination towards Checks.

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What excites you about Checks?

Almost everything. The sort of immaculate conception that everyone is looking for in crypto; a smart, proactive founder coupled with immutable, on-chain, zero-dependency SVGs post-burn; a rabid community; a ‘huge’ supply.

Has your opinion about checks changed as the project has developed?

I’ve only become more impressed.

In your opinion, what makes checks a masterpiece or a successful work of art?

The multi-faceted interplay between artist, audience, and market.

What do you think the core message is that Jack is trying to convey here?

Not so much a core message as a core ethos of design complexity disguised by surface concision and precision.

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It’s clear that Schmrypto is supporting Checks for all the right reasons. In a space that can often times feel cluttered with undoxxed founders, financial incentives, & distressed communities - Checks is certainly a nice refresher.

Now the questions we’ve all been waiting for.. Considering Schmrypto is holding 508 Checks with no history of de-risking or intentions of selling, what’s the plan?

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Do you think any person or group will ever acquire the final black check?

Possibly. I think the aggregator our working group has been designing will get us across the finish line fairly quickly, barring massive stealth communication by a whale, but either way the first Black Check happens this year; number two could be trickier, possibly several years; number three is less obviously possible, as people will have formed a lot of attachments. Will be interesting to see the architectures that emerge to make the attempt.

Would you consider moving any of your checks into a DAO?

I will move almost all of my Checks to a Black Check DAO.

What is your strategy with Checks?

To pursue substantial partial ownership of the Black Check via political maneuvering.

Do you believe this project is revolutionary, timeless, or just a passing trend?

I think it represents a real paradigm shift and has the potential to suck the air out of the room this year and be a lasting icon in the space.

Do you think this project will change the NFT space going forward? If so, how?

Yes, I think it will break our current fixation on artificial scarcity and pfps.

What do you think the Checks project will look like a year from now?

I think a year from now we’ll see a Checks ecosystem with a number of effective L2s around lending, fractionalization, and the pursuit of the Black Checks.

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And there you have it folks… Schmrypto has full intentions on acquiring the first Black Check (and maybe even the second) through a Black Check DAO and political maneuvering. Schmrypto seems like the perfect person to make this happen and it’ll be great to watch this adventure unfold. In case you haven’t seen Schmrypto’s clever efforts on Twitter, we’d encourage you to check out his Tweets below!

Black Check DAO

There’s clearly a massive marketing opportunity here for legacy brands to get involved, and Schmrypto has been making some clever efforts over the recent weeks.

Below you’ll find Schmrypto reaching out to Budweiser (a brand that has already shown their respect for Checks on Twitter), Elon Musk, Chex Mix, The Czech Republic, Joe Biden, and even Pope Francis.

We wish Schmrypto the best of luck on his pursuit towards the final Black Check and thank him again for giving us a peek into his brilliant mind!

Thank you for tuning into today’s edition of Morning NFTea. We’re best known for covering legacy brand innovations in Web3, although we also break down crypto trends and even the latest degen buzz.

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DISCLAIMER:

None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.