![]() ![]() Rarity tools determine the rarity of NFTs and rank them accordingly. Additionally, artists can use this tool to keep track of the value of their creations as they move around different markets. This will allow users to easily compare one artist’s work against another or look up specific pieces based on their rarity. The platform has data from every NFT on the Solana marketplace, including the current prices of all assets, the number of tokens minting per day, and the date and time of the next token mint. The Solana blockchain’s HelloMoon is a user-readable index that gives access to all NFT collections, DeFi currencies, and protocols. The site also provides a lot of useful information about NFTs, such as the total supply, circulating supply, market cap, etc. In addition, you can also check the sales history of the NFTs on HowRare.is. When you click on an NTF token, you can see the NFT’s rarity scores, rarity ranks, and attributes. You can find out what are the most valuable NFTs in each collection. This platform features over 256 Solana NFT collections, including the latest ones, based on the floor price, holders, sales status, and the number of items. HowRare.is is one of the best tools to check the rarities of all the NFT tokens created on the Solana blockchain. The SolanaFloor team is planning to implement features including enhanced portfolio tracking, real-time data, APIs, more filter/search options, more volume, and transactional data. SolanaFloor intends to keep developing new NFT projects and services. Visitors to the website can sort and filter the data on their own because the web app is rather interactive. Distribution patterns and price evolution. The tokens themselves, listing prices, present owners, rarities, and rankings are all displayed on SolanaFloor. Let’s now take a look at four different rarity tools for emerging Solana NFTs. Rarity Score soon emerges as the ideal compromise between average and statistical rarity, which doesn’t focus enough on rare features, and trait rarity ranking, which gives too much weight to rare traits.Ĭurrently, all platforms for rarity tools have incorporated their versions of Rarity Score, which offer the same precise ranking results across all platforms, even though the algorithm may not be the same. Three separate comparison techniques would yield three very different outcomes when used to compare three apes. Statistical rarity (multiplying all of the trait rarities together). Average trait rarity (averaging the rarity of all traits together)ģ. ![]() Trait rarity ranking (ranking only on the rarest trait).Ģ. This formula was developed to address biases in earlier ways of calculating rarity:ġ. How is NFT rarity calculated?Īlthough there are several other techniques to determine rarity (average trait rarity, statistical rarity, and trait rarity ranking), the Rarity Score is the most reliable approach. This is why collectors pay hundreds of dollars for a limited edition print. A truly rare item will always command a premium because of its scarcity. On the other hand, if everyone wants it, it could become quite valuable. If everyone thinks low about an item, it won’t be worth much. But if we had 10,000 copies, it would be considered less rare.ĭemand refers to the value that buyers place on the item. For example, it would be very scarce if we had just one book copy. Scarcity refers to the number of copies of an item that exist. ![]() But what does it mean to say that something is rare? Rareness is determined by two factors: scarcity and demand. ![]()
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