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    Home » News » Collectibles » The Saudis NFT Pump After Farokh’s Blessing

    The Saudis NFT Pump After Farokh’s Blessing

    By Reethu RaviJuly 11, 2022Updated:January 10, 20232 Mins Read

    The Saudis NFT collection is storming the charts, thanks probably to Farokh. Currently, the project takes the second spot for collections with the highest sales volume, both in the last 24 hours and seven days on OpenSea. Apparently, Farokh got several of these NFTs and has already sold Saudis worth over 30 ETH. Here’s all you need to know about the Saudis NFT project.

    Different The Saudis NFT avatar
    The Saudis is the latest free-to-mint NFT collection to hit the market.

    Did Farokh help pump the Saudis NFTs?

    Currently, the Saudis NFT collection is one of the hottest NFT projects in the market, second only to the OG CryptoPunks. So, how did this new collection storm the charts? Some say it’s all thanks to the NFT influencer, Farokh.

    As JasonCline explained, “Also appears farokh somehow got a ton of these Saudi nfts even though was limited to 2/wallet. Sold over 30 eth real quick. Good times.”

    However, they further clarified that Farokh never shilled or promoted the project. “So technically he did nothing wrong,” they added.

    That said, some Twitter users have called this a “subtle shill”. For instance, Senior Legal Counsel, John wrote, “Subtle shill, but casually nearing +10E profits in selling free mints…I gotta score more followers.”

    Tweet from John about Farokh and Saudis NFT
    Tweet from John | Web3legal.xyz via @John_ACW

    What is the Saudis NFT project?

    The Saudis is a collection of 5,555 avatars in a 2D pixelated style similar to CryptoPunks. As usual, each NFT in the collection is unique and algorithmically generated from over 80 traits. The NFTs are based on the Ethereum blockchain and give holders access to all the project’s upcoming venues. In addition, it gives them “Sheikh status” in the project’s “kingdom”.

    The project is the latest addition to a string of free-to-mint NFT collections. Already, the Saudis NFT project has amassed 6,600 ETH in sales volume. It also has a floor price of 0.83 ETH. While the collection is off to a promising start, how it fares in the coming months remains to be seen. 

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Reethu Ravi
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    Reethu Ravi is a journalist currently based in the UK, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned-journalist, she loves bringing stories of change and innovation to the limelight.

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