Credits: Larva Labs How is NFT Rarity Calculated? Different Punk types have different rarities. On the other hand, traits like ‘earring’ and ‘cigarette’ are more common. Then, each type comes with different attributes or traits with varying rarities.įor instance, ‘Beanie’ and ‘Choker’ are extremely rare attributes with only 44 and 48 Punks featuring them, respectively. While ‘Alien’, with only nine in supply, is the rarest type, ‘Male’, is the least rare type in the collection- just 6039 NFTs in toal. The collection consists of 10,000 NFTs divided into five different ‘Punk types’. Take hit NFT collectibles, CryptoPunks for example. Often, the rarest NFTs have the rarest traits, but they can also be rare for other reasons, like a lack of traits altogether. 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. Rare NFTs are most highly sought after by collectors, which pushes their prices up. Put simply, NFT rarity decides how rare an NFT is and in turn, how valuable it is. The answer to all of these questions is: Rarity. As the NFT wave sweeps the digital world, there is one question that investors ask frequently- How do you check the rarity of an NFT? Then, 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?
NFT rarity is an extremely important factor when evaluating an NFT’s potential to make you a profit.
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But if you feel a bit lost – don’t worry! In this guide, we’ll show you how to calculate a rarity score, compare NFT traits, and use the best NFT rarity tools for finding hidden gems. So, you bought an NFT but you don’t know how rare it is? There are a range of great rarity tools for NFTs, including rarity.tools, Icy tools, How rare is and more. NFT Analytics Sites That Can Help You Track NFT Rarity
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