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The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. These cookies ensure basic functionalities and security features of the website, anonymously. To calculate the rarity of an NFT, the formula is Rarity Score of a Trait Value = 1 / ( / ).Necessary cookies are absolutely essential for the website to function properly. Or statistical rarity and average rarity, which don’t consider an NFTs single rare trait. Unlike trait rarity, which only looks at the rarest trait. NFT Rarity Score: An NFT Rarity score is the most popular rarity ranking, providing a detailed and balanced ranking.For example, it would be 6% (20% * 30%) when using the above.

Statistical Rarity: This multiplies an NFT’s trait rarities, which calculates the overall rarity.

Therefore if an NFT has one trait with 30 rarities and another at 30%, the average would be 25% (20+30)/2.

Average Trait Rarity: This calculates the average of an NFT’s rare traits.

Trait Rarity Ranking : This compares the NFT’s rarest traits, and the NFT with the lowest number will most likely be the rarest and most expensive to purchase.

Below we have listed some of these formulas worth considering. To calculate an NFT’s rarity, there are several formulas that you can use. This may occur when an NFT has only been used once in a game, on social media, or based on original artwork.

History: An NFT can be more valuable due to its historical context.

Celebrity NFTs: NFTs that are associated with a celebrity can be more valuable based on their following.

This may include gaming NFTs, those built on more popular digital assets such as Bitcoin or Ethereum, or those being posted on social media.

Inherent Demand: There will be NFTs that are just more popular and in more demand than other NFTs.This can make an NFFT more valuable than another. Special Uses/Benefits: Some NFTs will have special uses, and only a limited number of NFT holders will be able to receive these benefits.When NFT’s attributes are rare, they are deemed more valuable. Attributes: Each NFT will have its own collection of properties which make up its digital DNA.To create a rare NFT, rarity tools are used to track the number created and ensure only a limited supply is listed on NFT marketplaces. Limited Supply: When something is in limited supply, it will be more sought after and, therefore, more valuable.This information can help you make informed investment decisions and assess your chances of profiting from market trends.īelow are some factors to take into consideration It can be used to ascertain what assets are in high demand and how much an individual must pay to acquire them. NFT rarity measures the scarcity of an NFT on the market.