Did you know that the more rare your NFTs are, the more valuable they are? How do you then accurately determine the rarity of your NFT?
Rarity tools provide a reliable and tamper-proof way to project the rarity of collectible NFTs. This article is a brief overview of the rarity tools ecosystem, its modus operandi, and also details of some of the rarest NFTs available today.
Rarity Tools is An NFT Tool Every NFT Producer Needs to Use
NFTs use-cases have grown exponentially, making waves in the blockchain gaming sphere, among art enthusiasts, etc. By design, what makes NFT unique is how rare they are. How then do we determine the accurate yardstick to measure the rarity of a particular NFT? This is where rarity.tool comes in.
Source: Rarity Tools
Rarity Tool is well-known as a reliable NFT ranking site. The platform makes use of a unique yet simplified method of ranking individual NFTs. Subsequently making it easy to determine how rare a particular NFT is. Also, NFT enthusiasts can easily compare the relative value of different NFTs. Therefore, making NFT swapping and trading much easier.
Interestingly, at the time of writing this article, some of the top NFT projects on rarity tools include CryptoPunks, Bored Ape Yacht Club, Hashmasks, Chubbies, etc.
How do Rarity Tools Work?
Rarity functions by giving every trait in a particular NFT a rarity score. These scores are then summed up to make up the overall NFT rarity score. NFTs are then ranked according to their overall rarity score.
While rarity is one of the most important features when ranking an NFT, it isn’t the only remarkable feature to be considered. Other unique characteristics like aesthetics and trait combination might also help to make an NFT more valuable.
Rarity Ranking Unique for Each Collectible NFT Project
There is no hard and fast rule in determining the rarity of all NFT projects. While a project may base its rarity on its number of attributes, others may rely on clothing style, etc. Here are some examples:
- CryptoPunks: It bases its rarity score on its “Attribute Count”. Hence, the CryptoPunk with the highest attribute count of seven (7) is viewed as its rarest and therefore, the most valuable.
Source – Rarity Tools
- The Waifusion NFT: It bases its rarity score on its clothing and style match. Interestingly, this is why Alita is in the top and rarest Waifusion. As she is the only Waifusion with a set of matching Wacdonalds top and bottoms.
Source – rarity.tools
This difference in rarity ranking requires rarity tools to customize each project ranking. The ranking tool achieves this by including additional features in the ranking process. The features’ name is ‘derived traits’.
Top NFT Project on Rarity Tools
According to the platform, at the time of writing, its five top NFT projects by Total Volume include:
- CryptoPunks with a volume of 814,812.39 ETH
- Bored Ape Yacht Club – 426,488.15 ETH
- Mutant Ape Yacht Club – 262,474.77 ETH
- CLONE X – X TAKASHI MURAKAMI – 142,453.35 ETH
- Lastly, Meebits – 96,162.14 ETH
Also, some of the newest NFT collections on rarity tools include:
- Higher Roller Ape Club Official
- HUXLEY Robots
- Rengoku Jade Cranes
- Killer GF
- LegionVentures, etc.
In conclusion, rarity tools are bringing much-needed transparency and order to the still-nascent yet fast-rising NFT sphere.
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