Over the past week, an NFT mission known 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 simply under BAYC in gross sales quantity. These statistics present an thrilling NFT mission that’s doing exceptionally properly. Nonetheless, not everyone seems to be assured concerning the Dodoor NFT assortment. Members of the NFT neighborhood are elevating questions concerning the mission’s legitimacy with accusations of it being one other NFT rip-off, utilizing market manipulation.
Dodoor, the trending NFT assortment
In keeping with OpenSea, Dodoor is the primary assortment of 1000 NFTs from the Limitless Dimension – also referred to as UDverse.
The NFTs are brilliant and colourful Dodo birds with varied traits. The present flooring worth of a Dodoor NFT is 2.1 ETH, and there has already been over 2100 ETH in commerce quantity for the reason that mission started in September.
One of many foremost issues within the NFT Twitter neighborhood concerning 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.
In style NFT knowledge knowledgeable @punk9059 tweeted, “I’m confused by this Dodoor mission. It’s the #1 set on OpenSea. It has the next flooring than RENGA. I don’t know a single one that’s ever talked about it, and once I seek for it on Twitter, I see spam giveaways. And it’s verified on @opensea”.
One other concern that raises concern concerning the mission is the lack of know-how concerning the staff behind the mission. The web site lists the employees as Jim, Wyatt, Noah, and Lesia, with no extra details about them.
Over the past two years, the NFT neighborhood has labored exhausting to determine key purple flag indicators. Lack of employees data is certainly one purple flag to contemplate.
Is the Dodoor mission legit?
To this point, there is no such thing as a proof to recommend the staff is planning to commit any crimes. Nonetheless, there are a number of purple flags, and other people ought to use warning if wanting to purchase one of many NFTs.
Considerably, within the Twitter thread by @punk9059, one other knowledge knowledgeable, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT mission.
In a tweet, they stated, “The community of the wallets are fairly interconnected that I get a hairball. Usually, some unconnected wallets are sprinkled round, however it looks as if this isn’t the case within the 1st pic: Dodoor. 2nd pic: Otherside. Wash buying and selling?”
They shared two photographs displaying the hyperlinks between wallets linked to 2 NFT tasks – DoDoor and Otherdeed for Otherside.
The primary picture (above), displaying the info on DoDoor exhibits an enormous quantity of linked wallets with practically no impartial wallets. This illustrates that a number 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 exhibits unconnected folks 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 info and evaluation by @punk9059, @0xDataWolf, and others, the NFT Twitter neighborhood is warning folks to have warning when approaching the Dodoor NFT mission.
It’s exhausting 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, linked NFT wallets, lack of staff data, and different purple flags, it’s regarding.
As with all NFT tasks, be sure to analysis completely earlier than committing to buy an NFT. Lastly, at all times hold updated with present NFT scams and the newest NFT safety measures.