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Over the past 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 simply under BAYC in gross sales quantity. These statistics present an thrilling NFT undertaking that’s doing exceptionally effectively. Nonetheless, 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 undertaking’s legitimacy with accusations of it being one other NFT rip-off, utilizing market manipulation.
Dodoor, the trending NFT assortment
In line with OpenSea, Dodoor is the primary assortment of 1000 NFTs from the Limitless Dimension – often known as UDverse.
The NFTs are brilliant 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 for the reason that undertaking started in September.
One of many important issues within the NFT Twitter group in regards to the Dodoor undertaking 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.
Well-liked NFT knowledge professional @punk9059 tweeted, “I’m confused by this Dodoor undertaking. 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 after 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 undertaking is the lack of knowledge in regards to the crew behind the undertaking. 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 group has labored arduous to determine key pink flag indicators. Lack of workers data is unquestionably one pink flag to contemplate.
Is the Dodoor undertaking respectable?
To date, there is no such thing as a proof to counsel the crew is planning to commit any crimes. Nonetheless, there are a number of pink flags, and folks ought to use warning if wanting to purchase one of many NFTs.
Considerably, within the Twitter thread by @punk9059, one other knowledge professional, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT undertaking.
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, but it surely looks like 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 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 unbiased wallets. This illustrates that plenty of wallets have connections with one another.
Nonetheless, the second picture (under), from Otherdeed for Otherside, has many unconnected wallets.
You may anticipate this picture from most NFT tasks utilizing comparable evaluation. Importantly, it reveals unconnected folks buying NFTs unaware of one another. Additionally, most 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 undertaking.
It’s arduous to say whether or not this NFT undertaking makes use of market manipulation with out concrete proof. Nonetheless, due to the big bot Twitter following, low engagement, related NFT wallets, lack of crew data, and different pink flags, it’s regarding.
As with all NFT tasks, be sure to analysis completely earlier than committing to buy an NFT. Lastly, all the time preserve updated with present NFT scams and the most recent NFT safety measures.
