Rarity tools

rarity tools

This year, we witnessed the exponential growth of NFTs. NFTs, or non-fungible tokens, have become so mainstream that it was even selected as Collins Dictionary’s “ 2021 word of the year ”! As the NFT wave sweeps the digital world, there is one question that investors ask frequently—how to check the rarity of an NFT? NFT rarity is an extremely important factor when evaluating NFTs, so here are the tools to learn for yourself. But, firstly, what exactly is rarity and why is it so important?

In this guide, we’ll look at different tools to check NFT rarity. Credits: Rarity Sniper What is NFT rarity? Amid a flurry of NFTs hitting the market, what determines an NFT’s value?

Why do some NFTs sell for millions of dollars while some others—sometimes, even from the same collection—sell for much less?

The answer to both the questions is rarity. Put simply, NFT rarity decides how rare an NFT is and in turn, how valuable it is. Rare NFTs are most highly sought after by collectors, which pushes their price up.

This is why people want to know how rare an NFT in their collection is or whether the one they are planning to buy is a rare piece. How is NFT rarity calculated? Now, what exactly makes an NFT rare? One is a 1/1 NFT from an acclaimed crypto artist like Fewocious or celebrities like Paris Hilton or Snoop Dogg. These are of course, easy to determine. But, when it comes to NFT collections with hundreds of NFTs, it’s the rarity of each trait within rarity tools NFT that decides its overall rarity.

Take hit NFT collectibles, CryptoPunks for example. The collection consists of 10,000 NFTs divided into five different ‘Punk types’. While ‘Alien’, with only nine in supply, is the rarest type, ‘Male’, is the least rare type with 6039 NFTs in all. Furthermore, each type comes with different attributes or traits with varying rarities. For instance, ‘Beanie’ and ‘Choker’ are extremely rare attributes with only 44 and 48 Punks featuring them, respectively.

On the other hand, traits like ‘earring’ and ‘cigarette’ are more common. Different Punk types have different rarities. Credits: Larva Labs This gives rise to many questions: What combination of rare traits makes an NFT rare? How do you find the overall rarity of a single NFT? How rare is an NFT compared to others? And many more. There are several methods to calculate the overall rarity of a single NFT.

This includes calculating the rarity based on the rarest trait, taking the average rarity tools of traits, or statistically assessing rarities. But all these methods focus on the overall traits of an NFT rather than a single trait. Thus, Rarity Tools came up with a method called a “rarity score”. They stated in a medium post that“The total Rarity Score for an NFT is the sum of the Rarity Score of all of its trait values.” The formula to calculate the Rarity Score of a trait value is as follows: Rarity Score for a Trait Value = 1 / ([Number of Items with that Trait Value] / [Total Number of Items in Collection]) Here, the score takes into account the single trait of an NFT as well as the overall trait rarities.

Hence, Rarity Score has now become the standard for NFT rarity ranking for many sites. How to check the rarity of an NFT Obviously, no one would really want to do all that math themselves to find the rarity of every single NFT they want.

Don’t worry; there are several investment tools that will help you find the rarity score in just a few clicks. Let’s take a look at some of the top ones! Rarity Tools Rarity Tools is the most popular tool to find out how rare an NFT is. It ranks NFTs by the rarity of their traits in real-time.

Here, you can filter NFTs by average price, total sales volume, owner count, and top collections. Moreover, you can find information about both existing top collections like BAYC and CryptoPunks as well as upcoming projects. Besides, the website has rarity tools simple and attractive interface that makes finding rarity a piece of cake! Rarity Score of CryptoPunk #8348 on Rarity Tools. Credits: Rarity Tools To view the rarities of a collection, simply go to that particular collection’s page.

Here, you’ll see each NFT with a corresponding rarity tools that details all its attributes as well as its Rarity Score. Alternately, you can check the Rarity Score of an Rarity tools you own by inserting the ID of your NFT under the “project section”. Then, click “Lookup” and you can see all the properties and Rarity Score of your NFT. The higher the Rarity Score, the higher will be the NFT rarity.

For example, CryptoPunk #8348, which is ranked one on the site, has a Rarity Score of 10342.68. On the other hand, 2329.18 is the score of CryptoPunk #7804, with a Rarity Rank #2. While the tool is free to use, NFT projects have to pay 2 ETH to get listed on the platform.

Checking The Rarity Of Solana NFTs with HowRare.is If you want to know the rarity of just Solana NFTs, then HowRare.is is the best option. The website has listed 255 Solana NFT collections on the basis of the floor price, the number of items and holders, whether the NFTs are on sale, and more. As with Rarity Tools, within each collection, you can find NFTs based on their rarity.

Under each NFT, you can find their rarity rank, rarity score, and attribute details. There is also a sales history section where you can find the rarity tools of the recent sales.

Interested in Solana NFT collections? Then check out HowRare.is for all the details. Credits: HowRare.is Additionally, you can find the rarity rarity tools the NFT you own using the asset ID. If you are looking for details on upcoming Solana collections, that’s also available here. However, these are not verified by HowRare.is, so make sure to do your own research before buying any.

Rarity Sniper Rarity Sniper is another popular tool to find the rarity of NFTs. It features a total of 774 collections across Ethereum, Solana, and more. It has an extremely attractive and user-friendly interface where you can see rarity rank, score, and all the traits. Rarity Sniper also has a 400,000-strong Discord channel.

rarity tools

Remarkably, you can find the rarity of NFTs here as well! For this, simply use the below bot command under rarity-check: !rarity [collection] id/rank [id] Here, collection refers to the name of the collection. You can use ‘id’ to check the rarity for a specific NFT or ‘rank’ to check the rarity of a particular rank. This is followed by the asset id (number).

For example, if you want to check the rarity of Bored Ape #9606, input the following command: !rarity boredape id rarity tools Rarity Sniper Bot will instantly reply as shown in the picture below!

Clearly, this is a simple means to find the rarity of NFTs. However, you’ll only be able to find the rarity of collections supported by Rarity Sniper. Additionally, there are Bot commands to know the gas and floor. How to check NFT rarity using Rarity Sniper’s Discord. Credits: Rarity Sniper Traitsniper Focuses On Comparing NFT Traits If you are specifically looking for details on new NFT projects, then you can try Traitsniper.

The tool focuses entirely on ongoing and upcoming projects. Every time a project is revealed, the Traitsniper bot takes under 2 minutes to analyse the rarity of the NFTs. There are both free and paid versions, where the latter offers benefits such as real-time notifications of new reveals and their score. Traitsniper is a good option to find rarity of upcoming projects. Credits: Traitsniper Unlike the websites we discussed above, Traitsniper’s site is a bit cluttered and can be difficult to navigate for a first-time user.

Nonetheless, once you get a hang of it, you can select a specific NFT to see its Rarity Score, Rarity Rank, OpenSea Price, and OpenSea Highest Offer. You can also see the individual traits with their corresponding rarity score. OpenSea rankings OpenSea is the largest and most popular NFT marketplace. Along with facilitating NFT sales, it also shows NFT rankings based on volume, floor price, and other statistics. You can find the top collections in the last 24 hours, 7 days, 30 days, or all time.

This is a great means to know what collections are trending to make an informed investment decision. You can also keep rarity tools eye on NFTs on the Ethereum, Polygon, and Klaytn blockchains.

NFT marketplace OpenSea also shows NFT rankings. Credits: OpenSea While you can see the traits and their rarity for each NFT, you won’t be able to know its overall rarity rank or rarity score. Even though this is a clear drawback, having a marketplace and real-time ranking makes rarity tools quite convenient to decide which NFT to buy.

The best option would be to use OpenSea ranking and activity data along with any of the tools we mentioned before. Ultimately, as with any assets, investing in NFTs comes with many risks.

While the investment tools are a great means to assess NFT rarity, rarity should not be the sole criteria when buying NFTs. It is essential rarity tools do your own research and understand the market well before making a purchase. Are you tired of missing important NFT drops? Just check out our NFT Calendar! Receive the biggest NFT news of the day & recommendations in our Daily newsletter. • All of our news is being sent daily on Telegram • We summarize the biggest news daily on Twitter & Instagram • Learn with video tutorials and subscribe to our Youtube Channel All investment/financial opinions expressed by Rarity tools are not recommendations.

This article is educational material. As always, make your own research prior to making any kind of investment. Reethu Ravi • Twitter • LinkedIn Reethu Ravi is a journalist based in India, covering environment, sustainability, tech and innovation.

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When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned journalist, she loves bringing stories of change and innovation to the limelight. NFT evening is the biggest website for NFT news. We are dedicated to supporting mainstream NFT adoption rarity tools making rarity tools fun & accessible. Learn about NFT collectibles, NFT art and the best blockchain games that even let you earn free crypto!

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• NFT MARKETPLACES • NFT DATA & SALES • METAVERSE • PROMOTION & ADVERTISING • OUR TEAM • OPPORTUNITIES • ABOUT • CONTACT The rarity level of an NFT is one of the first things that buyers usually want to know when considering what NFT to buy. Although the value of NFTs is highly speculative, this is one of the factors that we can easily check that contributes to rarity tools price of an NFT.

Collectors like to show off their unique and rare NFTs as a type of status symbol and, of course, for the thrill of knowing they own something more special than others. Below are five tools you rarity tools use to check NFT rarity.

Rarity Tools Rarity Tools is the most well-known website for checking an Rarity tools rarity. Not all projects are on the website, but many are. Simply search for the project and the NFT’s ID number (ex: CryptoPunk #5522). You’ll be able to check the NFT’s rarity rank and details of its traits, as well as other information about the project such as total sales volume and average prices. Rarity Sniper Rarity Sniper also has rarity tools large list of NFT collections across a few blockchains.

In addition to using the website, you can also use their Discord channel to check the rarity of your NFT. To check an NFT’s rarity on Discord, you’ll need to use the bot command, which you can find in the channel. After entering the NFT’s details in the bot command, you’ll get an instant reply in the channel showing the NFT and its rarity ranking and other details. NFT Stats NFT Stats is a great platform for getting an overview of the NFT market.

It shows which NFTs are selling, which are not, trading volume in the last 24 hours, the latest record NFT sales, and more.

There’s also an NFT Rarity Explorer tool for filtering NFT collections and discovering rare NFTs. It shows a rarity score based on the rarity of the NFT’s traits. Traitsniper Traitsniper works a bit differently from the other NFT rarity tools, as it only shows NFT collections that have just been revealed or are about to be revealed. However, it is a great tool for checking details such as the floor price, royalties, rarity tools where to find the project (such as Discord, OpenSea, etc).

There are both paid and free versions, with the paid one offering extra perks and more information. HowRare.is HowRare.is is an exclusive platform for Solana NFT collections. It works like the other rarity checking platforms; simply search the NFT collection you’re interested in and then enter the ID of the NFT you want to buy to find out how rare it is.

The website also lists other details such as upcoming drops and details of the latest sales. This website uses cookies to improve your experience while you navigate through the website.

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When it comes to building strong, engaged communities, the MetaBlaze team is at the top of their game and it’s a breath of fresh air.

They have shown an incredible commitment and dedication to making their community a truly welcoming and supportive place. Not only is the team rarity tools engaged with their community, but they also strive to continuously reinvest revenue back into NFT holders through meaningful initiatives and incrementally add more use cases and create more long-term and sustainable value for NFT holders.

By putting the interests of its users first and working to create real value for NFT holders, MetaBlaze truly embodies everything that community-driven projects stand for. Whether you’re looking for a platform that engages and supports its users or one that creates lasting value through its actions, MetaBlaze could be one that you share a vision with. MetaGoblin NFT: What’s the utility? Non-fungible tokens (NFTs) have taken the world by storm.

In 2021, the NFT market did $25 billion in sales and NFT, and non-fungible tokens, was the most searched word of the year. The meteoric rise of NFTs has made many people curious about the nascent technology, from individuals to big businesses. In fact, it seems like nearly every day another well-known brand or company enters the NFT space, and celebrities are buying into NFT collections and releasing their own projects left and right. But for people interested in purchasing NFTs or creating their own exclusive NFT project, understanding what makes them valuable is critical.

According to the founder of Rarity Sniper, though there are several pillars needed for a successful NFT project, rarity is the most important. We'll examine rarity in NFTs, how it works and why it's important, and we'll look at some tools that are available to help you determine an NFT's rarity, such as Rarity Sniper.

Lastly, we'll conclude with some tips rarity tools how rarity tools can create the best rarity ranking for your own NFT collection or project. What is Rarity Sniper? For collectors, understanding rarity and how it affects an NFTs price is critical before making a purchase.

The rarity of an NFT is calculated based on the rarity of different traits that it's compiled of. This may sound simple, but when you're dealing with large collections that contain thousands of rarity tools NFTs, calculating the rarity of each NFT can be difficult.

Fortunately, there are several tools available to help you determine an NFT's rarity, the best of which is called Rarity Sniper. Rarity Sniper is one of the biggest NFT communities in the world, and it all started with one person's realization of the importance rarity tools determining the rarity of NFTs.

Nearly a year ago, the owners used a rarity tool to “snipe” exclusive NFTs from Rarity tools Ape Kennel Club and Cool Cats. NFT “sniping” refers to purchasing rare NFTs that are underpriced on secondary markets, usually because the seller is unaware of the NFTs' rarity. When they realized how useful the tool could be for the NFT community, they created a Rarity Sniper Discord to help people check their NFT's rarity accurately. At first, the Rarity Sniper sent users screenshots of their NFT's rarity using his personal rarity sniping tool, but before long he had a full-time job on their hands and knew something more efficient needed to be done.

When the Rarity Sniper Discord grew to over 250 thousand users, the Rarity tools Sniper team decided to make an improved rarity tool. In only twelve hours they coded an enhanced rarity checking tool, and shortly after made it available to everyone on the Rarity Sniper Discord server.

At the time of writing, the Rarity Sniper Discord has over 300K active users and growing. In November, Rarity Sniper launched its website—which saw almost 1 million unique visitors in the first month.

Currently, the site ranks over 1,000 generative NFT collections by rarity and allows users to search the collections based on traits, see collection stats, upcoming NFT drops, and even list their NFT projects on the upcoming NFT drops calendar. Recently, a “buy now” feature was recently added that enables visitors to check not only the rarity but also the rarity tools of an NFT on the secondary marketplace OpenSea. This tool is convenient for NFT snipers since it allows them rarity tools check the different prices of NFTs and compare rankings without having to toggle back and for between secondary marketplaces and Rarity Sniper.

Rarity Sniper also covers NFT news, staying on top of the latest trends and happenings in the NFT, cryptocurrency, Web 3.0 and metaverse spaces. In the future, the company aspires to become the most trusted media brand in NFTs as well as create an open rarity standard for the NFT space.

Why Is NFTs Rarity Important? If you've ever wondered why certain NFTs sell for hundreds of thousands or millions of dollars while others from the same collection go for much less—the answer is rarity. Rarity refers to how uncommon an NFT is within a collection, and it is a critical element to making generative NFT collections not only exciting for collectors but also valuable. The rarity of an NFT is determined by the frequency in which the traits and characteristics that comprise it appear within the given collection.

For profile picture (PFP) NFTs, traits might consist of a face, mouth, eyes, headwear, background, accessories, and whatever other characteristics make up the NFT. In the popular NFT collection Bored Ape Yacht Club, for example, the Bored Unshaven Pizza Mouth only appears 26 times out of 10,000 in the collection.

This makes each NFT that contains the trait extremely rare since only .26% of the NFTs in the collection have the Unshaven Pizza Mouth. Unsurprisingly, six out of the top 20 most rare Bored Apes contain this trait. Even less surprisingly, since NFTs that possess unique traits rarity tools a combination of unique traits have higher rarity rarity tools, the Bored Apes that have an Unshaven Pizza Mouth are extremely valuable. When you don't know how rare your NFT ranks within a collection it is nearly impossible to accurately determine its value.

That's why rarity checking tools such as Rarity Rarity tools are so important to the NFT community. CryptoPunks: A Short History of NFTs and Rarity When Larva Labs released its collection of 10,000 algorithmically generated avatar profile picture NFTs of pixelated punk images called CryptoPunks in 2017 and gave them away for free to anyone willing to pay Ethereum gas gees, they wanted to see if digital art minted on the blockchain could have value. Five years later and the answer is an emphatic YES.

The Punks are now considered an OG NFT collection and individual Punks have sold for millions of dollars and are owned by celebrities like Snoop Dogg, Logan Paul, Gary Vee, Serena Williams, Steve Aoki, and Jay-Z. One of the main reasons the Punks have been so successful is because of how they implemented the concept of rarity into their collection. Similar to the way trading cards are limited in number and some are rarer than others, CryptoPunks transferred this idea to digital artwork and the NFT game was never the same.

There are 10,000 NFTs in the CryptoPunk collection and most of the Punks are humans; 3,840 Female and 6,039 Male. There are also 88 Zombies, 24 Apes, and nine Aliens. Aside from each rarity tools type, there rarity tools 87 additional attributes. The rarer attributes include beanie (44 in the collection), and choker (48). It is also rare for a CryptoPunk to have no attributes at all (8), or 7 attributes (only 1).

Unsurprisingly, Alien Punks and Punks with rare attributes like a beanie generally fetch higher prices than more common types and traits make up most of the collection.

By making each CryptoPunk NFT unique and some rarer than others, Larva Labs created a hierarchy rarity tools their collection and generated excitement among collectors. Imagine being an early adopter of CryptoPunks and minting an Alien Punk with a rare attribute that today could be worth millions of dollars. Of course, rarity has always played a critical role in the value of collectibles and other types of art, which the creators of CryptoPunks understood when they created a collection that would serve as a blueprint for generative NFT collections to come.

It's also worth noting that there will never be more than 10,000 original CryptoPunk NFTs in existence. This means that each CryptoPunk NFT is a rare digital asset in itself, regardless of its rarity ranking. In this sense, CrytpoPunks and most of the derivative NFT projects, are layering rarity on rarity rarity tools create value—the limited number of NFTs in a collection + the rarity ranking of each NFT within that collection. What is a NFT Rarity Score?

When Rarity tools Sniper tools determine an NFT's rarity ranking within a collection, a rarity score is given. The rarity score of a digital asset can be determined through several formulas.

Most commonly, a score is assigned to each trait within a collection. This is called the “trait rarity score.” The trait rarity score is determined by taking the total number of NFTs within a collection and dividing it by the number of NFTs that possess a specific trait.

Traits that appear less frequently among the digital assets are given higher trait rarity scores. To calculate rarity tools overall rarity score of the NFT, the values of these traits are added up. Although other factors can be involved when calculating rarity and rarity checking tools are not always in 100% agreement about ranking, Rarity Sniper has proven to be a reliable tool for thousands of investors, collectors, and NFT fans.

How to check an NFT's rarity? If you're considering buying into an NFT collection after it has been released, then you want to make sure you check the NFT's rarity and how the price compares to others in the collection. Luckily, for NFT collectors, investors, and enthusiasts it's easy to check an NFT's rarity tools ranking without doing all the math yourself. Checking how your NFT ranks within a collection on Rarity Sniper is simple. Just search for your collection and enter your NFT's ID.

Not only will you be shown the rarity ranking and rarity score, but you can also see a list of the NFT's traits and how rare each trait is in the collection. Rarity Sniper ranks Ethereum, Solana and Polygon-based NFTs. You can also visit Rarity Sniper to find out about upcoming NFT collections that will be minted on the Ethereum, Solana, and Polygon blockchains.

How Are Rarity Scores Distributed in NFT Collections? One interesting thing to analyze in generative NFT collections is how rarity is distributed among individual NFTs in the collection. When you look at how rarity scores are distributed among some of the most popular NFT collections such as CryptoPunks and Bored Ape Yacht Club, they tend to contain a small amount of extremely rare assets and a large amount of more common assets. In other words, rare NFTs in the collection are, well, rare.

For example, most of the NFTs in BAYC are slightly above the “floor” rarity score and a few hundred are far rarer than the rest. In the CrytoPunks collection, the curve is even sharper. Nearly all the Punks have similar rarity scores, but a tiny percent (such as the Alien, Zombies, and Ape Punks) are exceptionally rare in relation to the rest.

That means that owning one of the rarer assets in these collections is especially difficult and the value of the NFT is reflected in that. Having fewer rare NFTs in a collection also creates excitement and enthusiasm for people who are minting NFTs. For NFT collectors and creators alike, the way rarity is distributed throughout a collection is critical.

And collectors who get lucky enough to mint a rare NFT from a successful collection can be rewarded. How Does Rarity Affect NFT Prices? By looking at sales from a classic NFT collection such as CryptoPunks, we can see how rarity affects the value of each NFT. Listed below are some of the top and bottom sales of CryptoPunks over in 2021-2022: rarity tools Punk 5822.

Sale Price: $23.7 million. Rarity rank: 17 th. Special traits: 1/9 Alien Punk. 1/333 Punks with only 1 attribute. Sale date: Feb. 12, 2022.

• Punk 7804. Sale Price: $7.57 million. Rarity rank: 11 th. Special traits: 1/9 Alien Punk. 1/254 with cap forward. Sale date: March 11, 2021. As you can see the two top-selling Punks are extremely rare within the collection. Conversely, here are two examples of Punks that are more common: • Punk 4778. Sale Price: $194,573. Rarity rank: 8538. Rarest trait: Blue Clown Eyes 1/384 in the collection. Sale date: Feb. 3, 2022. • Punk 7897. Sale Price: $220,566. Rarity rank: 2487.

Rarest trait: Red Mohawk 1/147 in the collection. Sale date: Feb. 1, 2022.

rarity tools

Of course, not all NFT collections are as popular as CryptoPunks and you shouldn't always expect prices this high. But understanding how individual NFTs from collections like CryptoPunks, BAYC, and Cool Cats sell based on the rarity can help you better understand rarity tools NFT rarity and exclusivity works. How to Make a Rarity Strategy for Your NFT Collection?

Understanding what factors contribute to an NFT's rarity is not only important for people who want to purchase NFTs on secondary NFT marketplaces, it's also critical for anyone who wants to create their own generative art NFT collection.

If you're creating a generative NFT collection, then you need to know more than just how to determine an individual NFT's rarity. You should understand the myriad of factors that go into an NFT collection's rarity chart.

Listed below are some of the different elements to consider when creating an excellent rarity chart for an NFT collection: • Trait categories. Dividing traits into distinct categories helps organize all a project's unique traits. For example, suppose you have four trait categories in your collection including Mouth, Background, Facial Expression, and Headwear. Within each category, there would be a certain number of specific traits. For example, perhaps there are 7 different types of Backgrounds—and they vary in how frequently they appear in the collection.

Rarity Sniper recommends that to make your project visually appealing you should have a rarity tools of 7 trait categories. • Unique traits. These are the specific traits that fill out each trait category. Using the example above, if we take the trait category Headwear and fill it with 7 unique traits, those traits might consist of a top hat, baseball cap, beanie, fedora, sombrero, cowboy hat, and no headwear. Perhaps the “no headwear” trait appears only 200 times in a 10,000-piece collection, which would make it a rare trait and more valuable than a trait that appears 1,000 times in the collection.

It is recommended that you have at least 150 unique traits in your NFT collection • Rare traits. These are the traits that occur in less than 1 percent of an NFT collection's total quantity.

In the Bored Ape Yacht Collection, for example, the Dagger Mouth trait appears only 49 times out of 10,000 Apes, making its rarity rank .49%.

Ultra-rare traits create scarcity within NFT collections and add excitement for collectors. • Legendary traits. One-of-one legendary traits are even rarer than rare traits. One of the best examples of legendary traits comes from the popular Cool Cats NFT collection, which contains several Cool Cats that are hand-drawn rarity tools do not have any computer-generated traits at all.

Since the pieces are extremely rare in the collection, they are ranked higher in rarity and more valuable. According to Rarity Sniper, an NFT project should have no more than ten Legendary traits. Another thing to think about when creating a generative NFT collection is what type of media you plan to use. Deciding whether you're going to use animation, images, video, or audio with your NFT project is critical. Rarity Sniper recommends that using a mix of media is ideal for rarity tools successful generative art NFT project.

For example, some NFT collections use static images for common traits and rare and legendary traits are animated. One effect this has is making the rarer NFTs more distinguishable. The last thing to keep in mind when creating your rarity strategy for an NFT collection is to avoid the use of low-impact visual traits.

When traits don't have a significant visual impact, such as a piece of jewelry that is too small to see, your collection can be less visually appealing to NFT collectors. Fortunately, not all the work has to be done alone. By collaborating with artists and influencers you can design traits that are appealing and attract collectors and investors to your project.

Final Thoughts on Rarity in NFTs Although a well-thought-out rarity ranking is fundamental to the success of any NFT collection, it's not the only element that is important. According to the Rarity Sniper team, it's best to think about NFT collections in terms of pillars. The four most important pillars of any successful NFT collection include art, utility, community, and you guessed it—rarity.

While rarity can create excitement for collectors, snipers, minters, and creators, having the right combination of these four pillars is the best way to create a healthy NFT collection. For folks interested in collecting, investing, and trading NFTs, using a tool like Rarity Sniper is critical for tracking the rarity tools of individual NFTs and learning how to make better-informed purchases.

With Rarity Sniper news, rarity tools can also stay educated on the latest happenings in the NFT space. Lastly, for people who are industrious enough to create their own NFT projects and NFT collections, the option to list an upcoming drop on Rarity Sniper is a great way to help collectors and investors find the project.

And once the project has dropped, it's time to put the collection's rarity chart ranking on Rarity Sniper.
TL;DR- Rarity.Tools has an excellent scoring system for NFT rarity. The more rare the NFT you buy/hold is, the more likely it is to retain and increase its value. Below I have a method for taking the relative rarity of an NFT in the collection and comparing that to the average price of the collection to see if you’re getting value.

For a step-by-step on how to find a rarity score for a specific NFT, use the ‘Jump to Section’ to navigate to ‘How to look up the rarity of an NFT you’re looking to buy’. If you haven’t already, I heavily recommend getting a hardware wallet like a Ledger Nano to hold your crypto and NFTs! A little bit of spending rarity tools security goes a long way in the jungle of a space that crypto is. Here’s the thing Rarity.Tools is helping you navigate: In NFT investing price is what you pay, value is what you get.

If you’re able to find a rare NFT at a low price, your chances of making a profit on the sale of the NFT down the road is 10x greater than otherwise. The NFT market is grossly inefficient- if you can find those inefficiencies and exploit them, you’ll win the game.

Note: Rarity.Tools currently only works for big ticket NFT rarity tools on OpenSea and the Ethereum blockchain. Rarity.Tools uses a method to calculate the rarity score of each of the pieces in an NFT collection. I appreciate when something is math-based and not some subjective aesthetic evaluation of NFTs! These scores are added together for each of the traits that an NFT possesses Are you looking to make 50x or 100x on your next NFT?

With thousands of NFT collections all over the place, it’s going to be harder than you think. I’ll let you in on a disturbing truth: only a few percent of these collections are actually going to survive. You’ll completely lose your money in the rest. You’ve got to do some heavy research before aping into some JPEGs. This same thought is true with the over 10,000 cryptos that are on CoinMarketCap- most rarity tools shit projects that are going nowhere fast.

“Just invest in our native token, it’s the future!” If it’s the future, how come you’ve seen zero adoption in the real world? Are you solving a real problem or is it invisible? The good news is that most of the projects at or near rarity tools top of OpenSea’s ranking are stable and will have longevity. Rarity tools other good news is that there are criteria rarity tools can use to evaluate a project. Using Rarity.Tools works for a couple of these criteria. First, I want to go over the measuring stick you should be using to evaluate NFT projects as a whole.

This video by Guy over at the Coin Bureau outlines what you need to look for in NFT collections, but I will outline his criteria here: Five criteria to use when evaluating an NFT collection 1) Art: How many immutable traits are there? This is where rarity.tools comes into play. Collections need to be able to produce specifically scarce features. Most NFT collections have randomly generated traits, just like rolling dice on a table.

There need to be rare items in the collection. Rarity.tools ranks each of the NFTs in the collection to check the rarity. We’ll go over the process of getting that rank below. 2) Founding Team: The more well known they are, the better. A good example is Gary Vaynerchuk’s VeeFriends. Gary is a big celebrity in the business space and it’s likely his NFT collection will have staying power. Ozzy Osbourne has bat NFTs- and several high profile celebrities like Snoop Dogg have CyberPunks.

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Other examples of famous founders of NFT collections include the NFL’s Rarity tools Gronkowski and Elon Musk. These people aren’t in the NFT space because they’re trying to make money (they already have plenty), they’re here because they like it. 3) Community: Check out the Twitter pages, Discords, or Telegrams or the project. Are there a lot of followers?

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Is there a lot of activity? The more, the better. You can check these figures by typing in the collection name in the search bar on the top right.

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On the collection home page you’ll see links for the website, Twitter, Discord, and Instagram. Check out the pages- does it look like the following is strong relative to other collections? 4) Road Map: Projects that have events and drops coming up rarity tools the future and are more active are better.

For example- Bored Ape Yacht Club NFT holders were airdropped Mutant Apes for free, which they could turn around and sell for tens of thousands. Another example is the Wall St Bulls collection, which dropped bull owners ‘Wall St Interns’, which have become valuable.

Plus, this can be a way for you to get in on newer NFT drops when they’re minted. Make sure the project has a team that’s future-conscious and works hard to make things enjoyable for NFT holders in the community. 5) Trading Metrics: For a full explanation of this see my article on spotting good NFT collections on OpenSea. The idea here is that you want a lot of owners relative to the amount of assets, and a high amount of trading volume.

*A higher number of owners can also be good. Watch out for collections that have tons of assets but very few owners. How to look rarity tools the rarity of an NFT you’re looking to buy with Rarity.Tools I will be using a specific NFT from the Mutant Ape Yacht Club collection as an example today.

1. First, go to OpenSea.io and find the collection and Rarity tools that you’re looking for. Make sure and click into the page of the exact NFT you’re evaluating. Look for the blue check mark to make sure the collection you’re looking at is the real one. Unfortunately, there are several knock-off collections floating around OpenSea. 2. Open another browser tab and go to Rarity.Tools.In the search bar in the top left, begin to type the name of the NFT collection you’re looking for.

To the left of rarity tools collection name you’ll see the OpenSea ranking by volume. The Ethereum figure underneath the collection name is the seven-day trading volume. Remember from our criteria above- the more volume, the better. Select the collection you’re looking for when it appears in the drop down menu.

Did it not appear? Check your spelling- but if it still isn’t there the collection may not be big enough to be tracked on Rarity.Tools yet. The RT team is working to expand the collections on the site, but for now it’s bigger collections ($$). 3. To check the rarity score of a specific NFT: On the OpenSea page, look at the menu underneath the NFT picture. Click the down arrow next to details.

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The second item you see listed will be the token ID. Hover over the token ID until you see the copy command pop up- then click the token ID.

Now you have that ID saved to your clipboard. 4.

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On the Rarity.Tools homepage of the NFT collection you’re looking at, click into the ID lookup search bar in the top left. Paste the token ID you copied from OpenSea.

Click lookup immediately to the left of the search bar. 5. The Rarity Score box will pop up giving you the data for this specific NFT. The visual below shows you what to pay attention to. A few things to pay attention to: • The overall rank of the NFT out of all NFTs in the collection (i.e.

510/2000) • The specific traits of the NFT that add the most to the total NFT score (these are listed from most rare at the top to least rare at the bottom) • Any one trait that boosts the score significantly 6.

Something I like to do is the average price test vs. the nft’s rarity. Here’s what to do: • Find the average asking price of an NFT in the collection. This can be done by hitting the activity tab on the collection’s homepage on OpenSea (picture below). I usually filter the date range for last 7, 14, and 30 days. • Find the overall rarity rank of the NFT in the collection and divide it by the total # of NFTs in the collection.

• Is it in the top half for rarity? top 25%? Compare this to the average sale price of items in the collection. • If the rarity puts it in the top half of the collection, but the sale price of the NFT is below the average, It’s possible you’re looking at an undervalued NFT relative to the rest of the collection. In the case of Mutant Ape #1079 (shown above), it looks like its in the bottom half of rarity but its asking price is above the 30-day average. To me this looks like a bad deal.

Just an opinion! This is the power of rarity.tools- finding things that are rare but have cheaper asking prices.

It’s tough and a lot of your searching will be fruitless- but it’s a method you can add to the madness. Not financial advice, of course! Rarity.Tools also has an upcoming releases calendar you can check out to see if you can beat others to the punch on some hot new collections. Again- be careful, most of these will fail.

Apply the 5 criteria above to see if the collection might be worth anything. A lot of the real money made in NFTs is at the mint rarity tools you get the right project.

OpenSea ‘Properties’ tool Another powerful tool to check out while you’re using rarity.tools is the ‘properties’ tool below the NFTs on OpenSea. The box will show you which traits the NFT has and exactly how rare each of those traits are. Look for anything lower than 1% to find something truly rare.

From an investing standpoint, what you’re trying to do here is find NFTs that are underpriced relative to others in the same collection. This means they will have a rarity tools rarity score but rarity tools relatively low price on OpenSea. This may seem like a daunting task, but the NFT market is wrought with inefficiencies- thus you may have a damn good chance of getting a bargain with a little research. A common piece of advice of NFT rarity tools is that you should try and bid on the price of an NFT instead of buying it outright.

This may involve putting several bids out on NFTs and only having one or two go through. Conclusion The NFT space is small, but booming. That means it’s a wild west of activity, where you can strike gold. There are so many who don’t understand NFTs or their value. Use this to your advantage by learning as much as you can about the space, and then use that knowledge when the space inevitably grows.

So much of the crypto/NFT space is a crapshoot- the more tools you can arm yourself to differentiate the bullshit from the winners, the better. Happy hunting, and Godspeed. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. Your decisions are yours alone and we are in no rarity tools responsible for your actions. Stay on the righteous path and think long and hard before making any financial transaction! © 2021 CryptoChronicle.io — All rights reserved.
• Facebook • Twitter • Pinterest • Email Non-Fungible Tokens (NFTs) are taking the world by storm.

But it’s not enough to have an NFT that you think looks cool it needs to be rare as well, which affects the value of each NFT. So, if you are looking to invest in NFTs, you need to use NFT rarity tools to help you find rare NFTs.

Here we’ll discuss six rarity tools the best NFT rarity tools and what they can do for you! What Makes an NFT Rare? NFT rarity is a term coined for ranking NFTs based on their uniqueness. When it comes to NFTs, rarity is a key factor in determining value. Understanding what makes an NFT rare can better identify assets with greater potential value. So, what makes an NFT rare? Here are a few factors: • Limited supply: If only a few of something is available, it will be more sought after and thus more valuable.

This is especially true for digital assets, as they can be copied and reproduced infinitely. To create truly rare NFTs, issuers use NFT rarity tools to track the number of items produced and ensure that only a limited supply is available on marketplaces like OpenSea, Rare Bits or Nifty.

NFTs can be worth even more on the open marketplaces by providing rarity and quality together. • NFT attributes: That is, the NFT’s digital DNA (or collection of coded properties) is unique and identifiable.

NFTs with rare attributes will generally be more valuable on the open marketplaces. • Special uses: NFT issuers can put special rules on their NFT items so that rarity tools a certain number of NFT users can receive those benefits. This creates NFTs that rarity tools more valuable than others because the number of users who can receive its benefits is lower. • Inherent demand: Some NFTs are simply more in demand than others.

For example, NFTs that represent popular digital assets (like Bitcoin or Ethereum) will be more valuable because people rarity tools to own a piece of those cryptocurrencies. NFTs used for gaming purposes may also have higher inherent demand as gamers are always looking for new and unique items to add to their collections.

NFTs used for social media purposes may also have higher inherent demand as they will be more desirable to people who want to show off their assets on a particular platform. • Historical context: Sometimes, an NFT may have a higher value because of its historical context. For example, if there was only one time that someone ever used a particular NFT in a game or on social media, it may be worth more because of its history.

NFTs can also have a historical context outside of a game or social media, such as limited edition NFTs based on original artwork. • Association with a celebrity: NFTs associated with a recent or past celebrity also tend to be more valuable, as they are usually very unique.

How to Calculate an NFTs Rarity Several formulas help people arrive at the rarity value of their NFTs. Rarity tools of these formulas include: • Trait Rarity Ranking: This compares the rarest traits of each NFT, and the one with the least figure is considered the rarest. • Average Trait Rarity: This formula calculates the average value of the rare traits found in a given NFT. Assuming an NFT has two traits, one with 20% rarity and the other with 30%, its average trait rarity would result in (20+30)/2 = 25%.

• Statistical Rarity: This formula lets you work out an NFT’s overall rarity by multiplying its trait rarities. Like in the example above, the statistical rarity would be (20% * 30%) = 6%. • Rarity Score: Rarity score is considered the most accurate calculation for rarity.

Unlike trait tarity, which considers only the rarest trait, or statistical rarity and average rarity, which fails to emphasize an NFTs single rare trait, the rarity score gives a detailed yet balanced ranking. It is, therefore, the most commonly used rarity ranking formula in the NFT marketplace. Here’s how to calculate the rarity of an NFT according to rarity.com; Rarity Score of a Trait Value = 1 / ([Number of Items With That Trait Value] / [Total Number of Items in Collection]).

Which NFT Rarity Tools Are Best for You? Knowing the formulas involved in calculating rarity is not enough to accurately help identify how unique your NFT is. That is why you should know some of the best tools to help you run your rarity check. These tools compute all the data for you and give you accurate rankings to know what you are about to purchase.

Here are some of the best NFT rarity tools 1. Rarity.tools Rarity.tools is one of the most popular NFT analysis tools. This tool is best known for ranking the rarity of collectables and art NFTs in real-time. It ranks some high-performing NFTs like Bored Ape Yacht Club, CryptoPunks, and VeeFriends. When it comes to ranking, rarity.tools assigns each NFT trait its rarity score. All rarity scores are then summed up to get the overall rarity score.

This makes it easy for you to navigate and quickly verify scores for any listed NFTs. It’s also straightforward to list generative art and collectable NFTs on rarity.tools. Creators pay a 2 ETH flat rate to list an NFT, but all users get free analysis services. Besides that, this tool offers insights on upcoming NFT sales and keeps you posted on what’s trending in the marketplace. However, despite being the best NFT rarity tool, rarity.tools has a few downsides.

Firstly, the 2 ETH fee for creators is rather steep. Secondly, even though the site has a simple layout, it rarity tools navigational tabs, making it hard for first-time users to search for recent and high-ranking NFTs. 2. Cryptoslam Cryptoslam is a data aggregator for NFTs. It displays global indexes, fan tokens, blockchain sales, all-time NFT project rankings, and the best sales for NFT collectables according to their volume, making it a great NFT tool.

Whatsmore, it displays all this in one landing page, making it easy for beginners to run their analysis with great ease. With this tool, you will also get the information you need about a particular NFT, including price, unique features, and rarity rankings.

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Additionally, the tool also gives you insights on NBA Top Shot. You can easily search for videos from your favorite teams or players, check for the names of the people who own them, and get their wallet addresses should you want to buy. These features make Cryptslam worth a shot if you are looking for a simple NFT tool. 3. Opensea Opensea is the most popular marketplace for NFTs in the world. It features a vast digital asset collection from Rarity tools, Ethereum and Klaytn blockchains.

It utilizes smart contracts to manage NFT ownership and provides functionality that lets people track, curate, and trade NFTs in one convenient platform; Providing real-time information on all that is happening within Opensea’s market. Openseas’ NFT ranking functionality gives users NFT rankings by volume and other statistical considerations like floor price. So, although you can view NFT traits and each trait’s rarity, the site may not be able to tell an NFTs rarity score or even its overall rarity rank.

4. Rarity Sniper NFT rarity has never been as easy to track as on Rarity Sniper. This renowned tool is home to over 870 NFT collections from major blockchains like Solana and Ethereum. Rarity Sniper comes with a friendly user interface that lets you see all of your token’s traits, rarity scores and ranks.

Another major perk of using Rarity Sniper is that you can also rely on its Rarity tools channels to discover the rarity of your NFT. This is a more simplified way to run your rarity-check. Unfortunately, it limits you to only the NFT collections supported by Rarity Sniper. 5. Moby.gg Moby is a real-time NFT analytic tool that offers a straightforward and basic rarity ranking.

It gives you an array of rankings, from NFT traits, markets, and mints. All these are carefully listed at the top of the landing page, making navigation easy. For 0.1 ETH, Moby gives you six-months rarity tools of access to real-time data, alerts for wallet and popular mints, a collection of historical data and live graphs that run real-time updates.

Moby also shows you all the transactions happening including presales. Knowing an NFTs presale performance is a good way to gauge its popularity, rarity tools determine whether it’s worth buying. However, despite these benefits, Moby.gg fails in one key aspect, displaying data. On the site, data isn’t displayed on your screen all at once.

While such a layout debulks the page, it also proves cumbersome having to search multiple pages for small bits of information. 6.

Traitsniper Traitsniper is another great rarity tool that offers the latest information on upcoming NFT projects.

As soon as rarity tools new project comes up, Traitsniper uses a bot to compute the rarity of the NFT. The tool comes with a free version and a paid one too. The paid one ensures you get real-time updates for different NFTs as soon as they hit the market. You may, however, be discouraged by how congested the site is.

For new users especially, Traitsniper can be challenging to navigate.

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Even so, you can click on a given NFT, and its Rarity Rank and score will pop up. You will also see the NFTs price and the highest offer it has received on Opensea. Get Your NFT Rarity Ratings Right Before Investing Investing in NFTs can be a lucrative and exciting endeavour.

Remember, rarity reigns supreme when it comes down to value for your money in any collectable market! The rarer an item is, the higher its worth will be on the secondary market. So if you’re looking for a way to get started investing rarity tools NFTs, these NFT rarity tools will help you get the best rare NFTs in the market.

Top 3 NFT Rarity Tools - Best Way To Check Rarity to Make Money with NFTs




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