During the last week, an NFT challenge 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 beneath BAYC in gross sales quantity. These statistics present an thrilling NFT challenge 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 challenge’s legitimacy with accusations of it being one other NFT rip-off, utilizing market manipulation.
Dodoor, the trending NFT assortment
Table of Contents
In accordance 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 value of a Dodoor NFT is 2.1 ETH, and there has already been over 2100 ETH in commerce quantity because the challenge started in September.
One of many principal issues within the NFT Twitter group in regards to the Dodoor challenge 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.
Widespread NFT knowledge skilled @punk9059 tweeted, “I’m confused by this Dodoor challenge. 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 challenge is the lack of expertise in regards to the workforce behind the challenge. The web site lists the employees as Jim, Wyatt, Noah, and Lesia, with no further details about them.
During the last two years, the NFT group has labored arduous to ascertain key pink flag indicators. Lack of employees data is unquestionably one pink flag to think about.
Is the Dodoor challenge reputable?
To date, there isn’t a proof to counsel the workforce is planning to commit any crimes. Nevertheless, 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 skilled, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT challenge.
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, 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 photographs exhibiting the hyperlinks between wallets related to 2 NFT tasks – DoDoor and Otherdeed for Otherside.
The primary picture (above), displaying the information on DoDoor exhibits an enormous quantity of related wallets with almost no unbiased wallets. This illustrates that lots of wallets have connections with one another.
Nevertheless, the second picture (beneath), from Otherdeed for Otherside, has many unconnected wallets.
You possibly can anticipate this picture from most NFT tasks utilizing comparable evaluation. Importantly, it exhibits unconnected individuals 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
It’s arduous to say whether or not this NFT challenge 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 data, and different pink flags, it’s regarding.
As with all NFT tasks, be sure you 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.
The journalist is a writer and digital nomad. Loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.