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


Over the past week, an NFT mission 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 just under BAYC in gross sales quantity. These statistics present an thrilling NFT mission that’s doing exceptionally effectively. Nonetheless, not everyone seems to be assured concerning the Dodoor NFT assortment. Members of the NFT neighborhood are elevating questions concerning the mission’s legitimacy with accusations of it being one other NFT scam, utilizing market manipulation.

Image of a cartoon dodo NFT character from the Dodoor project
The Dodoor NFT mission is prime of the trending charts on OpenSea, however is it reliable? Credit score: Dodoor #522

Dodoor, the trending NFT assortment

In response to OpenSea, Dodoor is the primary assortment of 1000 NFTs from the Limitless Dimension – also referred to as UDverse.

The NFTs are shiny and colourful Dodo birds with numerous 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 mission started in September.

One of many essential considerations within the NFT Twitter neighborhood concerning the Dodoor mission 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.

Related articles

In style NFT knowledge professional @punk9059 tweeted, “I’m confused by this Dodoor mission. 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 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 crew behind the mission. 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 arduous to determine key purple flag indicators. Lack of workers data is unquestionably one purple flag to contemplate.

Is the Dodoor mission reliable?

To date, there isn’t any proof to counsel the crew 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 knowledge professional, @0xDataWolf, additionally shared what they’ve gathered on the trending Dodoor NFT mission.

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 as if this isn’t the case within the 1st pic: Dodoor. 2nd pic: Otherside. Wash buying and selling?”

image of data ball in red with black background in the Dodoor NFT project.
Information exhibiting the quantity of wallets which can be interconnected within the Dodoor NFT mission. Credit score: @0xDataWolf

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 unlimited quantity of related wallets with practically no impartial wallets. This illustrates that a whole lot 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 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.

Image of data showing NFT wallets in the Otherdeed for Otherside project
Information exhibiting wallets within the Otherside NFT mission, exhibiting far much less related wallets. Credit score: @0xDataWolf

Market manipulation is on the rise

Due to the information and evaluation by @punk9059, @0xDataWolf, and others, the NFT Twitter neighborhood is warning folks to have warning when approaching the Dodoor NFT mission.

It’s arduous to say whether or not this NFT mission 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 purple flags, it’s regarding.

As with all NFT tasks, be sure you analysis totally earlier than committing to buy an NFT. Lastly, at all times hold updated with present NFT scams and the newest NFT security measures.


All funding/monetary opinions expressed by will not be suggestions.

This text is academic materials.

As at all times, make your individual analysis prior to creating any sort of funding.

Source link

Related Posts

Leave a Reply

Your email address will not be published.