The Saudis AMA Recap: What Makes the Freemint Dark Horse NFT Stand Out?

2022.07.18

The Saudis AMA Recap: What Makes the Freemint Dark Horse NFT Stand Out?

The main highlights of the Saudis' space summarized.

2022.07.18 - 02:42:45

NFTTheSaudis

Navigating Web3 tides with focused insights

The main highlights of the Saudis' space summarized.

Written by: The Reading Ape

Translated by: TechFlow intern

Preface: If you missed The Saudis' Twitter Spaces (July 15/16), here's a summary of the key highlights from the event, including some interesting statistics about NFT whales. Read on to catch up on what you missed.

What Makes The Saudis Unique

The team focuses on decentralization and innovation
Most data is stored on-chain rather than hosted on IPFS
Highly professional development team who know exactly what they're doing
The Saudi token price peaked at 1.8 ETH; it could have been even higher had it not been for the "attack" incident
The team promptly addressed the "attack" issue and recovered some NFTs to redistribute back to the community
Spent approximately 15.7 ETH (nearly $20,000 at current market prices) on soulbound token airdrops
Uses diamond contracts
Not many free mint projects go to such lengths to build something meaningful
Soulbound NFTs change appearance based on day-night cycles
There’s also a music clip you can play directly from the NFT
The Saudis were built differently from BAYC, which was VC-funded
While most free mint project moderators are unknown, theirs are highly active

The Saudis Statistics

The Saudis NFT remained a trending item on OpenSea for 5–6 consecutive days
62 MAYC holders purchased and currently hold 129 The Saudis; 26 BAYC holders own 70 The Saudis
Approximately 300 blue-chip holders in total own The Saudis. These collectors typically flip projects, yet none have sold their The Saudis so far
Listed supply decreased from 1018 to 1007
Total supply is 5,555, with only about 18% currently listed for sale

Partnerships and Articles

Google search results show around 3–4 articles published about The Saudis NFT, including coverage by Yahoo and Coindesk
Team partners include @Hasbulla_NFT and @1goonrich
Prince Sonnie doesn't spend time on things he doesn't believe in

Scam Incident

Community member Ben fell victim to a scam while on vacation after clicking on fraudulent purchase links:

Lost some funds from his wallet but remains bullish on The Saudis and bought more afterward
Be cautious when clicking links sent via DM or Discord unless verified
Always use a burner wallet—a new wallet with only enough funds for gas fees
Keep your valuable assets in a cold wallet and minimize interactions with them

Meme

Initially, people thought The Saudis was just a meme:

“People initially thought The Saudis being purchased was just a meme. It gives us hope during this bear market where prices keep failing to break previous highs—people are chasing the highest bid? The Saudis is the first project on JPEG land to successfully implement SBTs without diluting the original OG series. In my opinion, that’s a massive win.” — EARTH