While NFT collections are getting sold on a daily basis, only very few collections are able to get sold out and even so within a couple of hours. However, The Saudis, a Saudi Arabian-themed NFT collection, came, dominated and conquered. There are talks of a crypto crisis looming on the horizon and one would think that the NFT marketplace would become stale but there are new and upcoming projects that sell out in record time.
The Saudis NFT collection is a collection of 5,555 that have been free to mint since July 9, and the artwork for the collection was inspired by the famous CryptoPunks collection. Currently, the floor price for Saudis is valued at 0.45 ETH ( $678). Last week, the price was valued at a peak of 1.3 ETH (nearly $2,000). The Saudis collection has collated a total of 8,300 ETH (about $12.8 million) so far since it was minted.
The Saudis NFT has had one of the most major opening weekends out of many other Collections, on Opensea since the inception of the marketplace. One may ask what the source for such a success is, and the answer is the large Twitter following the collection has managed to build over time.