During the last week, an NFT undertaking 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 undertaking that’s doing exceptionally effectively. Nevertheless, not everyone seems to be assured concerning the Dodoor NFT assortment. Members of the NFT neighborhood are elevating questions concerning the undertaking’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 vivid and colourful Dodo birds with varied traits. The present ground value of a Dodoor NFT is 2.1 ETH, and there has already been over 2100 ETH in commerce quantity because the undertaking started in September.
One of many foremost issues within the NFT Twitter neighborhood concerning the Dodoor undertaking is the actual fact it 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.
A tweet by fashionable NFT information knowledgeable @punk9059 reads: “I’m confused by this Dodoor undertaking. It’s the #1 set on OpenSea. It has a better ground 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 situation that raises concern concerning the undertaking is the lack of knowledge concerning the group behind the undertaking. The web site lists the employees as Jim, Wyatt, Noah, and Lesia, with no extra details about them.
During the last two years, the NFT neighborhood has labored arduous to determine key crimson flag indicators. Lack of employees info is unquestionably one crimson flag to think about.
Is the Dodoor undertaking reliable?
To date, there is no such thing as a proof to recommend the group is planning to commit any crimes. Nevertheless, there are a number of crimson 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 knowledgeable, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT undertaking.
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 as if 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 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 unbiased 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 may count on this picture from most NFT tasks utilizing related evaluation. Importantly, it exhibits 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 arduous to say whether or not this NFT undertaking makes use of market manipulation with out concrete proof. Nevertheless, due to the big bot Twitter following, low engagement, linked NFT wallets, lack of group info, and different crimson flags, it’s regarding.