Rarity Of NFT: What Makes An NFT Rare?

After the rise of NFTs many people began to wonder what makes an NFT a rare and unique piece of art – and why are there stark valuation differences between NFT projects? The answer is simple – rarity.

What Is NFT Rarity?

NFT rarity refers to how scarce a certain collectible or NFT is depending on certain traits. These traits include the NFT’s physical features like color, design, and costume, or arbitrary influences such as the artist or project’s reputation or profile. Rarity is one of the most important factors in NFT valuation. The rarer an NFT is, the higher its value will be.

How To Check NFT Rarity? Top 6 Rarity Tools For NFT

1 Rarity.tools

One of the most popular tools in the space is rarity.tools. This site allows you to check an NFT’s rarity score as well as other useful information such as price, volume, and liquidity. NFTs are ranked by the rarity of their characteristics in real-time, and you can even filter NFTs by average price, total sales volume, owner count, and top collections.

2 OpenSea

OpenSea is another popular tool for checking NFT rarity. This site is a bit different from rarity.tools in that it isn’t just for checking NFT rarity, it’s primarily a platform to buy and sell NFTs.

NFTs can be filtered by category, price, and tags. OpenSea uses its own algorithm to calculate an NFT’s uniqueness based on characteristics like total quantity of minted tokens, number of owners, and how long it’s been selling for.

3 Traitsniper

Traitsniper comes with simple capabilities that focus on examining and verifying ongoing as well as upcoming projects. The site sniffs data on excellent investment possibilities based on their rarity score.

When new projects launch, Traitsniper evaluates the project every 30 seconds and provides the latest insights about the NFTs. You can also use this site to check an NFT’s characteristics, such as its minting date and number of owners. The site offers both free and paid subscriptions with different levels of monitoring access.

4 Dappradar

Dappradar is a feature-rich analysis tool that is ideal for seasoned and inexperienced NFT investors. Users can easily analyze, track and find new NFT projects, and keep record of their acquired assets.

The site ranks projects based on parameters like liquidity, capitalization, and prices. Users can access the market’s real-time trading volume and price changes through segments for NFT top sales, top collections, marketplaces, and new projects.

5 Icy.tools

Icy.tools is a simple platform that helps keep track of NFTs. This is especially great for beginners as the site offers an easy and transparent interface which is ideal for a quick market survey. Users can also view a list of trending sales and projects which can be filtered based on volume and sales.

While the free version is great, its premium features include more extensive analyses, limitless wallet tracking, in-depth market charts, and personalized alarms.

6 Rarity Sniffer

Rarity Sniffer is quite similar to Traitsniper and provides the most up-to-date rankings on new NFT projects. The tool’s free tier offers a simple display of the most recently sniffed projects and NFT collections. The premium subscription model offers advanced analysis and access to newly sniffed NFTs before announcing them publicly.

Top 5 Of The Rarest NFTs

1. Otherdeed for Otherside

Otherside is the newest project by Yuga labs. The project is an MMORPG connected to the BAYC ecosystem where players can own land, NFTs can be transformed into playable characters, and more than 10,000 people will be able to play together simultaneously. Otherside will be its own metaverse, offering an interoperable experience with prominent NFT collections like Cool Cats, World of Women, CrypToadz, and more.

2 Bored Ape Yacht Club (BAYC)

BAYC is a collection of 10,000 NFTs that are categorized into two kinds. The first are standalone collections or pieces of art which are called 1/1. The second collection is called ‘editions’ which can contain any number of NFTs and are similar to collecting cards. In March 2022 a new token, ApeCoin ($APE) was launched which now serves as a token to govern the future of the Bored Ape Community.

3 CryptoPunks

Launched in 2017 by Larva Labs and later acquired by Yuga Labs in 2022, Crypto Punks is one of the first NFT collections on the Ethereum blockchain. It’s a collection of 10,000 unique 24×24 pixel art images that depict mostly humans. The collection also includes other unique pieces like zombies (88), apes (24), and aliens (9). Each Crypto Punk has a combination of 87 unique attributes like hats, pipes, necklaces, earrings, eyepatches, and more. However, there is only one CryptoPunk in existence with seven traits, #Punk 8348. CryptoPunks can also have zero traits, but most tend to have two or three.

4 Doodles

Doodles is a collection of 10,000 generative NFTs launched in 2021 and created by Evan Keast, Scott Martin, and Jordan Castro. Within the Doodles ecosystem are humans, cats, pickles, apes, sentient flames, skeletons, and aliens. Although the Doodles team has never officially released a catalog of what traits are the rarest and most common — you can find RaritySniffer’s unofficial rankings – skeletons, cats, aliens, apes, and mascots have continued to resell for the highest amounts.

5 CLONE X — X TAKASHI MURAKAMI

Clone X is a collaboration between design studio RTFKT and Japanese contemporary artist Takashi Murakami. The collection was launched in 2021 and consists of 20,000 digital avatars that have anime-style designs. There are eight DNA types and more than 300 traits, with a Clone’s DNA determining its rarity. A Clone X is also a way to enter the RTFKT ecosystem. RTFKT focuses on metaverse products such as digital wearables. Owners of Clone X NFTs can get special benefits with RTFKT, including access to real-world events and early opportunities to buy NFTs from new collections.

Does NFT Rarity Matter?

NFTs that are rarer will typically sell for a higher price than those that are more common. However, there are other factors that can affect market prices – like supply and demand. Rarity is just one factor to consider when determining the value of an NFT. Not everyone buys NFTs for their investment potential. Some people simply enjoy collecting rare or unique items. Others appreciate the artistry or creativity involved in some NFTs. And some people use NFTs as a way to show support for their favorite creators or projects.