Dodoor Tops The NFT Charts, But It’s Not What It Seems

During the last 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 barely 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 group 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 – often known as UDverse.

The NFTs are shiny 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 principal considerations within the NFT Twitter group 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.

Well-liked 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 subject that raises concern concerning the mission is the lack of expertise concerning the workforce behind the mission. The web site lists the workers as Jim, Wyatt, Noah, and Lesia, with no further details about them.

During the last two years, the NFT group has labored laborious to ascertain key purple flag indicators. Lack of workers info is unquestionably one purple flag to think about.

Is the Dodoor mission official?

To date, there is no such thing as a proof to counsel the workforce is planning to commit any crimes. Nonetheless, there are a number of purple 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, nevertheless it looks as if this isn’t the case within the 1st pic: Dodoor. 2nd pic: Otherside. Wash buying and selling?”

They shared two photos exhibiting the hyperlinks between wallets related to 2 NFT initiatives – DoDoor and Otherdeed for Otherside.

The primary picture (above), displaying the info on DoDoor exhibits an enormous quantity of related wallets with almost no unbiased wallets. This illustrates that numerous wallets have connections with one another.

Nonetheless, the second picture (under), from Otherdeed for Otherside, has many unconnected wallets.

You may count on this picture from most NFT initiatives utilizing related 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 group is warning folks to have warning when approaching the Dodoor NFT mission.

It’s laborious 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 workforce info, and different purple flags, it’s regarding.

As with all NFT initiatives, ensure you analysis totally earlier than committing to buy an NFT. Lastly, all the time preserve updated with present NFT scams and the most recent NFT safety measures.