Bahrain based, and female owned Crypto Camels Club, has launched its NFT Collection in MENA. The collection consists of 10,000 unique NFTs ( Non Fungible tokens) with a target to sell up to 10,000 NFTs, as it aims to benefit from the surge in popularity for NFTs in the region.
The Bahrain Crypto Camels Club was founded by entrepreneur and CEO Nasreen Faqihi, alongside her co-founders Saudi Cloud Computing Expert Danah Alsobayel and venture capitalists Bahraini Hasan Haider and Saudi Ibrahim Al Hejailan.
Each of the 10,000 Crypto Camel NFTs is unique and reflective of the founders’ proud Arabic culture and heritage. The NFTs are programmatically generated from over 130 possible traits, including expression, headwear, clothing, and more, demonstrating the eclectic style of each owner.
“The Crypto Camels Club has three main components. Owners will get access to The Majlis – an exclusive, subscription-based network of their peers; we are planning regular business-focused, in-person social and cultural events, and we aim to raise money for a range of charities focusing on but not limited to, emerging artists, orphanages, and women’s associations amongst others,” Nasreen Faqih, CEO, said.
The Crypto Camels are designed by a female artist, stored as ERC-721 tokens on the Ethereum blockchain and hosted on an IPFS. In a nod to its charitable ambitions, the Club also plans to donate 20 per cent of sales to charity once half of all the NFTs have been sold.
Leveraging its exclusive membership, The Crypto Camels Club is also planning to host at least fifteen in-person meetups, gatherings, and events across the region within the first year of operation.
The MENA region interest in NFT is growing and recent survey showed that UAE has double the world average for NFT purchases. In addition women whether fashion designers or artists have started to develop NFT collections.