Over the past week, an NFT venture 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 barely under BAYC in gross sales quantity. These statistics present an thrilling NFT venture that’s doing exceptionally nicely. Nevertheless, not everyone seems to be assured in regards to the Dodoor NFT assortment. Members of the NFT group are elevating questions in regards to the venture’s legitimacy with accusations of it being one other NFT rip-off, utilizing market manipulation.
Dodoor, the trending NFT assortment
In accordance with OpenSea, Dodoor is the primary assortment of 1000 NFTs from the Limitless Dimension – also referred to as UDverse.
The NFTs are vibrant and colourful Dodo birds with numerous traits. The present flooring worth of a Dodoor NFT is 2.1 ETH, and there has already been over 2100 ETH in commerce quantity because the venture started in September.
One of many predominant considerations within the NFT Twitter group in regards to the Dodoor venture is the actual 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.
Fashionable NFT information knowledgeable @punk9059 tweeted, “I’m confused by this Dodoor venture. 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 subject that raises concern in regards to the venture is the lack of understanding in regards to the workforce behind the venture. The web site lists the workers as Jim, Wyatt, Noah, and Lesia, with no further details about them.
Over the past two years, the NFT group has labored exhausting to determine key crimson flag indicators. Lack of workers info is unquestionably one crimson flag to think about.
Is the Dodoor venture legit?
Up to now, there is no such thing as a proof to recommend the workforce is planning to commit any crimes. Nevertheless, there are a number of crimson 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 information knowledgeable, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT venture.
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, nevertheless it looks like this isn’t the case within the 1st pic: Dodoor. 2nd pic: Otherside. Wash buying and selling?”
They shared two photographs exhibiting the hyperlinks between wallets related to 2 NFT tasks – DoDoor and Otherdeed for Otherside.
The primary picture (above), displaying the info on DoDoor reveals an unlimited quantity of related wallets with practically no impartial wallets. This illustrates that quite a lot of wallets have connections with one another.
Nevertheless, the second picture (under), from Otherdeed for Otherside, has many unconnected wallets.
You possibly can anticipate this picture from most NFT tasks utilizing related 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
It’s exhausting to say whether or not this NFT venture makes use of market manipulation with out concrete proof. Nevertheless, due to the big bot Twitter following, low engagement, related NFT wallets, lack of workforce info, and different crimson flags, it’s regarding.
As with all NFT tasks, be sure to analysis totally earlier than committing to buy an NFT. Lastly, at all times hold updated with present NFT scams and the most recent NFT safety measures.