The latest gameplay of NFT avatars: 5555 7-day sales of more than 65 million yuan, who is consuming Saudi tyrants?

The latest gameplay of NFT avatars: 5555 7-day sales of more than 65 million yuan, who is consuming Saudi tyrants?

Author: Beichen

Twitter blogger Brise.ethᵐᶠᵉʳ (@Brise_eth) wrote a bot that counted more than 500,000 valid NFT addresses and found that 5 of the 10 addresses with the highest returns in the past 7 days have traded The Saudis.

They minted an average of 11.4 NFT avatars, which is more than 10,000 times the current average price.

I didn’t expect that long after CryptoPunks appeared, there were still derived NFT avatars that became popular, so what is the origin of The Saudis?

Crypto market saviour

The Saudis, the Saudis, is obviously a derivative of CryptoPunks from the art style. It generates 5555 NFTs programmatically from more than 80 possible features, forming an exclusive club.

The latest gameplay of NFT avatars: 5555 7-day sales of more than 65 million yuan, who is consuming Saudi tyrants?

The Saudis were minted for free on July 9 and sold out within hours. The total sales so far in 7 days is about 8000 ETH, about 9.6 million US dollars, or 65 million yuan.

It stands to reason that the most frenetic stage of NFT avatars has passed, but the reason why The Saudis is so popular is largely that its theme has simply penetrated the pain point of crypto investors-Saudi tyrants.

In the recent sluggish market conditions, many jokes have emerged. In the English-speaking world, there is such a meme narrative that is similar to a conspiracy theory-Saudi local tyrants are ready to make a move, and then there will be billions of dollars in large purchases of top cryptocurrencies. Let’s all save us from the ongoing bear market.

This conspiracy theory has nose and eyes, saying that the reason why the Saudi royal family is willing to save the crypto bear market is because they are preparing for the future challenges after the world gets rid of the dependence on fossil energy, and the way is to diversify the wealth reserve of Saudi Arabia. From oil to “digital gold”.

In fact, there are indeed many signs of encouraging the development of the crypto industry in Saudi Arabia. Dubai has become the second choice for domestic projects to go overseas after Singapore.

Just when all kinds of jokes, videos, and funny pictures about Saudi tyrants saving the crypto bear market were flying around, a Saudi tyrant-themed NFT project appeared.

The latest gameplay of NFT avatars: 5555 7-day sales of more than 65 million yuan, who is consuming Saudi tyrants?

As The Saudis’ official website says: “It’s time to move. Our treasury is flooded with oil royalties, and we must save the crypto market. Saddle your camel and gird your waist. If you decide to and As we embark on this adventure together, we’ll be chanting “We’re here to buy.” All praise belongs to Allah! ! ! “

New NFT gameplay: soul binding

If the popularity of The Saudis is entirely based on catering to market sentiment, then it is regarded as the LOWB that emerged when SHIB became popular, which is a bit underestimating The Saudis.

In addition to the 5,555 NFTs of Saudi local tyrants, The Saudis also features the Soulbound mechanism, which is a concept from World of Warcraft. Once picked up, soulbound items cannot be transferred or sold to other players.

We all know that high-quality NFT avatars have the value of social signals, showing taste and wealth, so people frequently trade them. The end result is that if the NFT avatar is really high-quality, it will eventually flow to the real rich (because it will soon be transferred to the highest bidder), thus completely becoming a product of follower kitsch, instead of being full of curiosity at first. A crypto geek who is brave enough to try.

Soulbound (soul binding) is to limit the easy transfer of such ownership. After all, behind an NFT avatar means a series of personal data.

The Saudis approach is to airdrop another token, the Saudibound Token, in addition to the NFT. Saudibound tokens can be tied to avatar NFTs and then cannot be detached, just like ENS addresses.

This is a Soulbound token, non-transferable and publicly verifiable, so it can be used as a Web3 user’s resume, showing memberships, certificates, affiliations, etc.

According to The Saudis’ vague presentation, a very special gift awaits those with diamond hands in the future – a gift for these “Saudis”.

The latest gameplay of NFT avatars: 5555 7-day sales of more than 65 million yuan, who is consuming Saudi tyrants?

Frankly speaking, this is a fairly new concept, and there is no implementation at all, but from the product direction, it can indeed improve the intrinsic value of NFT avatars, or more accurately, further limit scarcity.

Summarize

According to CoinDesk, the founding team behind The Saudis has also operated many similar NFT projects, such as Goblintown, which has more than $7 million in 7-day sales (now $53 million), and has almost no marketing hype and no route. Graph, not even Discord. Make a splash at the Manhattan NFT NYC meetup in June.

The latest gameplay of NFT avatars: 5555 7-day sales of more than 65 million yuan, who is consuming Saudi tyrants?

Goblintown NFT fans live in Manhattan NFT NYC

The Saudis and Goblintown are brand new play, they are very keen to capture market sentiment, and also have long-term thinking – our goal has always been to raise the bar and provide innovative implementation of Web3 technology.

So the team is a native team in the field of crypto, and only they can lead the future of crypto (rather than the Web2 people who have rushed in), but the project is uncertain, after all, they are still in a frantic iterative test race.

What do you think of The Saudis and the team behind it, welcome to leave a message in the comment area~

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-latest-gameplay-of-nft-avatars-5555-7-day-sales-of-more-than-65-million-yuan-who-is-consuming-saudi-tyrants/
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