![]() The result will show you assets with the lowest pricing and their rarity ranking: If you are savvy and looking for an advantage of the market, I recommend filtering by “Price: Low -> High”. While there are some projects where a ranking wouldn’t be as useful (they’re likely unlisted anyway) it’s worth making a habit of checking it before pressing “Buy Now”. If you are going to buy an avatar NFT, you shouldn’t do so until you use this tool. How Should I use Rarity.tools to Buy NFTs? Rarity.tools has chosen a model they believe in, but you may come across a project where one trait significantly outweighs others in terms of desirability. It’s also worth considering that the market ultimately determines the value of an NFT. If you want a more detailed write-up from Rarity.tools about their chosen methodology, you can find that here. This means that although our asset from the example in the previous section has a 1% trait, it does not put that it in the top 1% of assets in the project. Rather than ranking based on assets with the rarest singular traits, Rarity.tools factors in the rarity of all traits that comprise an asset. The total Rarity Score for an NFT is the sum of the Rarity Score of all of it’s trait values.” Rarity.tools leverages a mathematical formula to produce a rarity score based on the traits of an asset: How Does Rarity.Tools Calculate the Rarity of an NFT? Instead of playing a guessing game about how rare your asset is, leverage rarity.tools to quickly find out where your assets rank in the project. The problem is that while the traits of an asset (and its rarity) are listed on Opensea, it can be difficult and time-consuming to compare assets:ĭespite having some rare traits (like a Fedora at just 1% of total supply), this asset is ranked #4,686 out of the 7,777 assets in the project with a rarity score of 56.22. Out of those 7,777 assets, how does yours stack up in terms of rarity compared to the other assets? Rarity Tools can help you figure out how rare your asset is out of the entire collection it’s part of. It's my favorite NFT rarity tool to use to check NFT rarity and I'm going to show you exactly how to use it step-by-step.įor example, let’s say you mint or buy an asset from the 0N1 Force NFT project that has 7,777 individual assets. When you mint or buy an NFT, it is usually part of a larger collection. We are going to go through these exact steps together, in detail, and I'm going to show you how to use Rarity.Tools and OpenSea to properly price your NFT asset and find underpriced NFTs. You'll see the rank of your NFT out of the total NFTs in the collection. Click "All Collections", search for your project, type in your OpenSea asset ID under "ID" and click "Look Up". You can check the rarity of your NFT by going to Rarity.Tools. How do I check the rarity of my NFT asset? What makes them worth such staggeringly different prices? For example, some CryptoPunks sold for $5+ million dollars while others sold for $1.02 million. Many new projects are launching in sets of 10,000 assets, typically avatar-type characters with hundreds of different feature combinations. There’s also a significant value difference between assets in certain projects, which is largely attributed to the rarity of those assets. What makes these digital assets valuable is a combination of historical significance, technological innovation, art, cultural relevance, and rarity. The NFT market is booming as more and more people are coming around to the idea of owning a digital asset that lives on a blockchain. ![]() Learn more about how the tool works here. It does not require you to connect your wallet or provide any other information, the tool is a one-click-install browser extension that simulates NFT trades before you sign transactions, keeping you and your tokens safe from NFT scams. I love it.If you are trading NFTs and want a completely free automated NFT scam prevention tool, make sure to check out Pocket Universe. This is a crazy game and it is using cutting edge technology. This is a great interview and really fun game. A bit like old school Drugwars or Dope Wars game. Jason Rigden interviews Martin Blagoev of DopeRaider.
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