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Here's what we have for you today:

• 🛢 The Saudis Are Buying

• 👨‍💼 Projects Are Hiring "Vibe Managers" But What Do They Do?

• 🆓 This Company Is Giving Out Lifetime Netflix And Spotify Memberships

• 📊 Top 5 Sales Of The Day

The Saudis Are Buying

Okay, “oil money in NFTs” is clickbait. Why do we always do this? Well, because it works every time, and you always enjoy the stories anyway. But don’t blame us; we just used the same strategy as the Saudis NFT creators. They used it to get more people on board their project; we used ours to get you to read our report about them.

What are Saudis NFTs?

Saudis NFT is a collection of Arabian-themed pixelated art. Basically, it’s crypto punks NFTs dressed up in typical Arabian fashion. Someone said a bunch of punks went to Mecca, and now we’ve got Saudis NFTs (Lol).

The collection has 5,555 unique artworks generated by a computer algorithm from over 100 possible traits. Some of the traits include a head, Arabian-style male head-gear, beards, glasses, cigarettes, and pipes, all in various colors,

The project was launched on July 9th, which also happened to be the day of the Muslim Eid Mubarak holiday. But all the ram slaughtering and feasting (Sorry, if you’re vegan) wouldn’t stop the project from selling out within 24 hours of launch.

The quick sell-out isn’t surprising, considering the hype the project had garnered pre-mint. Even before the mint date, the project’s official Twitter page had over 20,000 followers, and the discord channel had close to 24,000 members, including notable Arabian influencers and celebrities like Hasbullah.

How did they become so popular?

The creators employed a creative mix of free mint, great marketing with memes, and the right timing. Let’s break it down.

Everyone knows that most people are getting on board with anything free. That’s where the communities are. Free projects are minting out fast, which is one of the primary reasons the Saudis became popular.

Then the second and probably the biggest reason for the popularity are the meme-fueled rumors. Have you seen any of the “Saudis are buying” memes? The memes are birthed from and fuel speculations that Arabians are buying large amounts of crypto.

Word on the crypto streets is that the Arabians are making a big entry into the crypto market. We’re talking bid deal flooding oil money into crypto right now. Some rumors even say the Arabian Royal family is already purchasing BTC and intends to single-handedly save the crypto market.

We don’t know how true those are, no official outlets have confirmed anything yet, so this is not financial advice.

Anyway, the creators of Saudis NFT certainly caught and rode the waves created by the memes and speculations. They even wrote on their website, thesaudisnft.com, “ We’re not just buying Bitcoin... The Punks too.”

They then launched the mint on the Muslim holiday, which perfectly added the icing on the cake and raised speculations that the NFT project belongs to the Saudi Arabians.

@crypto_bitlord7 perfectly summarised the cause of the project’s popularity in this video.

Projects Are Hiring "Vibe Managers" But What Do They Do?

Vibe check: got enough positive energy in your NFT community, or you need a vibe manager to add more juice?

We’re practically in summer, but the Crypto Winter is still as cold as it’s been all year. So it’s not surprising that the energy is dying, and many crypto enthusiasts are losing their positivity. That’s what happens in winter; the cold just saps away all the life.

So what do you do to bring up the heat in the community? You hire a vibe manager to set up a bonfire!

Who’s a Vibe Manager

Also known as “director of vibes” or “chief vibes officer”, a vibe manager is a hybrid of a marketer, influencer, and community relations officer. And their job is to promote NFT projects to prospective collectors while reassuring holders to hold on.

In other words, vibe managers are tasked with positively influencing popular sentiment in the market. Basically, their job is to create and distribute positive energy into the community.

But who had the bright idea to create such a role?

The vibe manager trend was pioneered by an NFT startup, Fractional when they hired an Influencer named Deeze. Deeze is widely regarded as a “tastemaker in the NFT space.”

As the company’s vibes manager, Deeze's responsibilities include managing the company’s Twitter and Discord spaces, handling collectors relations, and working as an internal “vibe checker” for content and events.

One BAYC collector going by the pseudonym tropofarmer told our buddies over at the Guardian that “vibes are everything” He believes that it’s possible to “swing trade based on the momentum that is, for the most part, built on vibes.”

The dude explained that “people could not give much of a shit” about the NFT crash while referring to the Apefest event at the NFT NYC. He stated that the vibe at the festival was so high that people literally forgot the markets were down. Such is the influence good vibes can have on a community.

But of course, some people don’t buy into the idea of having vibe managers. Several individuals have criticized the role of vibe managers, stating that they only want to make investors “feel better” and maintain community euphoria without regard for price movement. Hence, they see their work as confusing or hypocritical.

🤣 How About A Laugh?

Revuto,,, The Web 3 Company That Is Providing Holders With Lifetime Netflix And Spotify Subscriptions

We bet you don’t enjoy getting the debit alerts from the monthly deductions for Netflix and Spotify subscriptions. They always come so unexpectedly and can annoy you to sh#ts.

Fortunately, you won’t have to worry about all that anymore if you can get your hands on some specific NFTs. A Croatian Web 3 startup, Revuto, has unveiled an interesting subscription model for Netflix and Spotify using NFTs.

The company announced last week on a Twitter space event that its Revulution NFT would provide holders with a lifetime digital subscription for Netflix and Spotify services. Simply put, once you buy the NFTs, you’ll never have to pay for those subscriptions with your money again. Now that’s the utility that we like!

According to the head of business at the company, Dino Ivankovic, the subscription-based NFTs have the potential to become an ecosystem of their own, and the company aims to bring more control to the end-user.

He further gave more insight into how the NFTs will work, stating that NFT technology will allow users to monetize unused subscriptions by selling them to others who want/need them. In other words, users will be able to trade their NFTs on secondary marketplaces even after using them for a while.

The NFT project pool is slated to contain at least 10,000 users. Each user will receive a digital debit card along with the NFTs. They’ll use the cards to pay for their subscriptions, and whenever someone trades their NFT, their debit card will be deactivated. So, the new holder will get a new debit card. No, you don’t get to keep enjoying the perks after trading your rights to them.

For those unfamiliar with the company, Revuto is a web3 subscription and ticketing, solution provider. The company specializes in providing subscription-based services through NFT solutions for users. And they pride themselves on helping users eliminate unwanted charges. This option will help many movie and music lovers (including us) avoid paying unnecessary monthly bills from their accounts.

TOP 5 SALES OF THE DAY

So how did we do?

• ⭐️⭐️⭐️⭐️⭐️ You guys killed it!

• ⭐️⭐️⭐️ Mid

• ⭐️ This actually sucks