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HomeNFTHow and Why of this NFT collection garnering more sales than BAYC

How and Why of this NFT collection garnering more sales than BAYC

The new NFT collection is a hot topic in the NFT marketplace. In fact, it sells more than the famous Bored Ape Yacht Collection (BAYC) collection at OpenSea this week. The NFT collection, called Saudi Arabia, has been a significant gateway since casting began on July 9.

Make the kingdom live longer

The Saudis NFT is the latest in the long line of Free Two Mint NFTs. This is a collection of 5,555 NFTs. Surprisingly, these NFTs sold out within hours of their launch.

official Website “Each Saudi Arabia is unique and is programmatically generated from over 80 possible properties.”

The collection has sold $ 7.4 million over the past week. It is second only to the famous CryptoPunks. The minimum project price was set to ETH 0.67 ($ 700 and above) after peaking at about ETH 1.3 (about $ 1,650) on July 9th at the time of the press.

Source: OpenSea

In addition, like other new NFTs, Saudis NFTs have a voice social media fan base.

However, the collection was recently attacked. An artificial bot called RIGHT BLOCK was created to lower the minimum NFT charge. The intruder was finally captured and his list was finally removed. Saudi’s Twitter handle made the following statement:

“We have stopped selling 217 NFTs from OpenSea and other platforms. We will return them to the intruder (RIGHTBLOCK) and distribute them to the community. More details soon.”

All harm and foul

Despite Saudi’s thrilling performance, the NFT collection has witnessed a major dip in the last 24 hours.

In addition, the press collection has seen a 50% drop in sales over the past day. Obviously, the anger of the launch has subsided, as in the case of the newly launched collection. Well, I still don’t know how it will work in the coming months.

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