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 simply under BAYC in gross sales quantity. These statistics present an thrilling NFT venture that’s doing exceptionally properly. Nevertheless, 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 venture’s legitimacy with accusations of it being one other NFT rip-off, utilizing market manipulation.
Dodoor, the trending NFT assortment
In response to OpenSea, Dodoor is the primary assortment of 1000 NFTs from the Limitless Dimension – also called UDverse.
The NFTs are vibrant 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 venture started in September.
One of many predominant issues within the NFT Twitter neighborhood 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.
Standard NFT information skilled @punk9059 tweeted, “I’m confused by this Dodoor venture. It’s the #1 set on OpenSea. It has a better flooring than RENGA. I don’t know a single one who’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 in regards to the venture is the lack of expertise in regards to the crew behind the venture. The web site lists the workers as Jim, Wyatt, Noah, and Lesia, with no extra details about them.
Over the past two years, the NFT neighborhood has labored laborious to determine key pink flag indicators. Lack of workers data is certainly one pink flag to think about.
Is the Dodoor venture legit?
To date, there isn’t any proof to counsel the crew is planning to commit any crimes. Nevertheless, there are a number of pink 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 skilled, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT venture.
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 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 initiatives – DoDoor and Otherdeed for Otherside.
The primary picture (above), displaying the info on DoDoor reveals an enormous quantity of related wallets with practically no impartial wallets. This illustrates that numerous 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 initiatives utilizing comparable evaluation. Importantly, it reveals 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 venture.
It’s laborious to say whether or not this NFT venture makes use of market manipulation with out concrete proof. Nevertheless, due to the massive bot Twitter following, low engagement, related NFT wallets, lack of crew data, and different pink flags, it’s regarding.
As with all NFT initiatives, be sure you analysis totally earlier than committing to buy an NFT. Lastly, all the time hold updated with present NFT scams and the most recent NFT safety measures.
