Over the past week, an NFT mission referred to as Dodoor has risen to the highest of the NFT charts on OpenSea. This assortment of 1 thousand generative Dodo NFTs is now sitting atop the trending charts and is barely under BAYC in gross sales quantity. These statistics present an thrilling NFT mission that’s doing exceptionally nicely. Nonetheless, not everyone seems to be assured in regards to the Dodoor NFT assortment. Members of the NFT neighborhood are elevating questions in regards to the mission’s legitimacy with accusations of it being one other NFT rip-off, utilizing market manipulation.
Dodoor, the trending NFT assortment
In line with OpenSea, Dodoor is the primary assortment of 1000 NFTs from the Limitless Dimension – often known as UDverse.
The NFTs are vivid and colourful Dodo birds with numerous traits. The present ground worth of a Dodoor NFT is 2.1 ETH, and there has already been over 2100 ETH in commerce quantity because the mission started in September.
One of many major considerations within the NFT Twitter neighborhood in regards to the Dodoor mission is the very fact has seemingly appeared within the NFT charts in a single day, with little engagement or publicity on social media.
Surprisingly for a Twitter web page with over 125 thousand followers, they’ve little or no engagement.
Widespread NFT information skilled @punk9059 tweeted, “I’m confused by this Dodoor mission. It’s the #1 set on OpenSea. It has the next ground than RENGA. I don’t know a single one that’s ever talked about it, and after I seek for it on Twitter, I see spam giveaways. And it’s verified on @opensea”.
One other problem that raises concern in regards to the mission is the lack of know-how in regards to the group behind the mission. The web site lists the employees as Jim, Wyatt, Noah, and Lesia, with no further details about them.
Over the past two years, the NFT neighborhood has labored arduous to ascertain key pink flag indicators. Lack of employees data is certainly one pink flag to contemplate.
Is the Dodoor mission reputable?
Up to now, there is no such thing as a proof to recommend the group is planning to commit any crimes. Nonetheless, there are a number of pink flags, and folks ought to use warning if wanting to purchase one of many NFTs.
Considerably, within the Twitter thread by @punk9059, one other information skilled, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT mission.
In a tweet, they mentioned, “The community of the wallets are fairly interconnected that I get a hairball. Usually, some unconnected wallets are sprinkled round, but it surely looks like this isn’t the case within the 1st pic: Dodoor. 2nd pic: Otherside. Wash buying and selling?”
They shared two pictures displaying the hyperlinks between wallets related to 2 NFT tasks – DoDoor and Otherdeed for Otherside.
The primary picture (above), displaying the information on DoDoor reveals an enormous quantity of related wallets with practically no unbiased wallets. This illustrates that quite a lot of wallets have connections with one another.
Nonetheless, the second picture (under), from Otherdeed for Otherside, has many unconnected wallets.
You’ll be able to count on this picture from most NFT tasks utilizing comparable evaluation. Importantly, it reveals unconnected individuals buying NFTs unaware of one another. Additionally, lots of the wallets containing Dodoor NFTs are model new and don’t have anything else, which raises questions.
Market manipulation is on the rise
Due to the information and evaluation by @punk9059, @0xDataWolf, and others, the NFT Twitter neighborhood is warning individuals to have warning when approaching the Dodoor NFT mission.
It’s arduous to say whether or not this NFT mission makes use of market manipulation with out concrete proof. Nonetheless, due to the massive bot Twitter following, low engagement, related NFT wallets, lack of group data, and different pink flags, it’s regarding.
As with all NFT tasks, be sure you analysis completely earlier than committing to buy an NFT. Lastly, at all times hold updated with present NFT scams and the most recent NFT safety measures.