Deployed Contract:

https://etherscan.io/address/0x160C404B2b49CBC3240055CEaEE026df1e8497A0#code

Check Item

• Reentrancy 🟢

  No severity issues were found.

• Ownership Takeover 🟢

  No severity issues were found.

• Timestamp Dependence 🟡

  Although there is a signature validation on the mintDutchAuction function, the timestamp of the block can be manipulated by the miner to exploit the vulnerability.

  Line: # 121 - 178

  function mintDutchAuction(uint8 quantity, bytes calldata signature)
    public
    payable
    callerIsUser
  {
    .
    .
    require(
              block.timestamp >= DA_STARTING_TIMESTAMP,
              "DA has not started!"
    );
  

• Dos with (Unexpected) Revert 🟢

  No severity issues were found.

• Contract Interaction 🟢

  No severity issues

Non severity Issues

• mintWL, mintDutchAuction, teamMint and withdrawFunds should be external functions because they are only called externally.

• transfer() in withdrawFunds function should be avoided.

Conclusion

Overall the contract should be good and there are no critical severity issues were found.

Murakami.Flowers(M.F) is a 11,664(108 x 108) collection of hand-drawn pixel art NFT.

It is a work of artist Takashi Murakami’s representative artwork, flowers.

Murakami has been active in the NFT world since April 2021. In November 2021 he collaborated with Nike owned company RTFKT Studios on Clone X avatar projects.

Sales Info

Whitelist Presale: 0.0727 ETH

Public Sale: 0.108 ETH

As you can see, M.F's price is very conscientious, and I'm pretty sure it will sell out even the price is ten times more.

NFT Reveal

Murakami himself will be exhibiting at leading contemporary art gallery Gagosian Gallery from May 11. Murakami.Flowers will be presented through the production and display of physical artwork.

Although the official announcement has not yet been made when the NFT will be revealed, I think it should be on May 11th.

Distribution

• Murakami-related whitelist: 500

• Holders of RTFKT’s Clone X with Murakami Drip: 3,000

• Team, Artists, Friend & Family and Community: 500

• Public Sale Raffle: 6,751

• Bonnō Proof, Zen Number, Lucky 727 Proof (distribution method TBA): 913

Team

There are no details about the team members so far. This is the team of artists I found on the website of Kaikai Kiki, Murakami's studio.

Roadmap (Mindmap🧠?)

• M.F is positioned as a piece of art. A pictorial puzzle of Murakami’s artistic concept.

• Generate a worldview that joins the contemporary art world and the new NFT art or digital art community.

• To connect it with those who inhabit the worlds of NFT and DAO.

• Launching physical world products by collaborating with famous and strong brands and musicians.

• A portable training game like Tamagotchi will be releasing in December, 2022.

Dev

The smart contract for ERC-1155 at this stage is developed using NiftyKit.

NiftyKit is a no-code platform solution where people can create their own custom smart contracts.

There is no news about the team developers yet. The real M.F contract is not yet on the chain, so we will see what happens.

Community

What sets this project apart from others is that it does not have an official Discord or Twitter account.

The main sources of information are from Murakami's Twitter and email magazines.

Flaws

The main problem is the public sale raffle system. Because there is no minimum ETH balance requirement for wallet addresses. This ended up with a total of 4.9 million addresses participating.

This, combined with the lack of proper filtering of wallet addresses, causes most of the winners to be bots.

Thoughts

Pros:

1. 11,664 hand-drawn pixel art by Takashi Murakami.

2. The supportive force of the Clone X community.

3. Murakami's influence in modern art and the fashion industry.

Cons:

1. The issue of public sale raffle creates an unfair distribution.

2. The technical development capability of the team is unknown.

3. Lack of community interaction.

Despite these cons, I am personally quite excited about the future of this project. If the team plays the strategy well, it might become the top tier of pixel art NFT.

Project Links:

• Official Website: https://murakamiflowers.kaikaikiki.com

• Opensea: https://opensea.io/collection/murakami-flowers-seed

• Takashi Murakami’s Twitter: https://twitter.com/takashipom

• Gagosian’s Exhibition: https://gagosian.com/exhibitions/2022/takashi-murakami-an-arrow-through-history/