Navigating the ups and downs of the bear market has been a challenge for everyone in the NFT space. However, amidst the market fluctuations, there are moments when the NFT lexicon explodes with renewed interest and excitement. These moments serve as a testament to the resilience and vibrancy of the NFT culture. One such event unfolded recently when artist Jack Butcher’s act of generosity towards ThreadGuy, a prominent NFT commentator, sparked a wave of enthusiasm.
Watching @notthreadguy become a literal cultural phenomena before our eyes has been the most entertaining thing to happen in CT for quite some time.
— Laurie Harding (@LaurieHarding_) July 18, 2023
In January 2023, Jack Butcher introduced the Opepen project, which quickly gained popularity for its open editions. Bored Elon (B.E.) emerged as the top holder of Opepen NFTs, passionately emphasizing their significance within NFT culture. B.E. reached out to ThreadGuy, offering a valuable Opepen in exchange for his influential Mutant Ape profile picture (PFP). While ThreadGuy declined the offer, the mere suggestion of changing his PFP generated widespread discussion and anticipation.
The Opepen Threadition
Amidst the growing discourse, Jack Butcher intervened by creating a custom Opepen image exclusively for ThreadGuy. This act of kindness served as a pivotal moment, prompting ThreadGuy to embrace the Opepen PFP and further cementing the bond within the NFT space.
Derivatives and the Opepen Threadition
The community’s response was immediate and overwhelming. Inspired by Butcher’s gesture, creators and collectors joined the movement, creating their own stylized versions of Opepen. Notably, artist Jalil collaborated with Butcher, contributing unique pieces to the expanding Opepen collection. Butcher himself launched the Opepen Threadition—an open edition collection that captured the attention of enthusiasts and supporters.
The ripple effect of these events extended far beyond expectations. Influential figures, including Beeple, weighed in on the situation, generating further buzz. The rallying cry of “for the culture” gained traction, reigniting discussions surrounding the benevolent nature of the NFT community. The Opepen Threadition became a focal point, attracting over 32,000 mints and amassing 32 ETH (~$60,000) in proceeds. The trend even permeated platforms like OpenSea, who joined the movement by adopting the trend in their social media presence.
FOR THE CULTURE pic.twitter.com/5buTkIVQss
— beeple (@beeple) July 17, 2023
The convergence of monetary value associated with ThreadGuy’s contributions and the evolution of NFT culture underscored the importance of recognizing and supporting creators within the community. While artists have found ways to sustain themselves in Web3, commentators and proponents of blockchain culture have traditionally relied on collecting and trading. The Opepen phenomenon demonstrated how small acts of care and support within the NFT space can make a substantial impact.
The Opepen Threadition exemplifies the resilience and camaraderie within the NFT culture, even amidst the challenges of a bear market. These extraordinary moments serve as reminders of the true meaning of NFTs beyond financial speculation. Acts of kindness and collaboration, like the Opepen Threadition, foster a more inclusive and supportive Web3 community. As the NFT landscape continues to evolve, these moments of shared enthusiasm demonstrate the enduring spirit and passion that drive the NFT culture forward.