At this point, it may be useful to learn how to find the rarest NFT in a collection. By adding up the rarity percentage of each attribute, you can roughly determine the total rarity of the non-fungible token. Since the total number of NFTs in the Bored Ape Yacht Club is 10,000, the rarity of this trait is 0.49%.Įach trait or characteristic contributes to determining the total rarity of an NFT. There are only 49 apes that possess the blue beams eyes trait. For example, whether the eyes are closed or wide open, the Hawaiian shirt or sailor jacket, the diamond or gold teeth. Among the various traits in the collection (there are a total of 168) are all the aesthetic characteristics that apes possess. Take the Bored Apes Yacht Club collection as an example, which to date contains the most expensive NFTs on the market. The rarity percentage expresses the amount of non-fungible tokens that possess this characteristic compared to the total number of NFTs in the collection. Each of these attributes has its own rarity percentage. In fact, the latter contains all the information about an NFT, from its transaction history to its attributes. Each NFT has a kind of ‘genetic code’ describing these attributes that is inscribed in the token’s metadata. These NFTs are composed of a series of traits or characteristics that are randomly combined. In this case, the rarity of an NFT coincides with that of the attributes of which it is composed. In other words, all PFP NFTs are unique, but not all are rare. Within a PFP collection, some NFTs are rarer than others and this rarity factor is not solely determined by uniqueness, just like for the works mentioned above. How to find out how rare a PFP NFT isįor NFTs that belong to PFP collections or that are generated by random algorithms, rarity is calculated in diverse manners, i.e. In this case, rarity is also determined by the prestige of the artist and the beauty and significance of the work. It would be like asking how rare Leonardo da Vinci’s ‘La Gioconda’ or Botticelli’s ‘Birth of Venus’ are. Assessing the rarity of these pieces is complex because there are no objective parameters. Because of this, the rarity of such NFTs is primarily determined by the scarcity of the specific digital work piece. Artistic NFTs produced by famous artists, such as those of Beeple or the Italian NFT artist Giuseppe Lo Schiavo, are usually unique copies. To simplify matters, we can divide them into two main categories: digital art produced by the most innovative and prestigious NFT artists and automatically generated NFT PFPs. To understand whether an NFT is rare, you must start by considering the type of non-fungible token. Find out how to use them to find out if an NFT is rare! Where to start when assessing the rarity of an NFT These are the so-called NFT rarity tools. For PFP collections and NFTs created by generative art systems, this can be done through tools. The rarity level of an NFT can be measured in various ways according to the type of non-fungible token. Consequently, if you plan to buy an NFT, knowing its rarity could prove to be a great advantage. Usually, the rarer an NFT is, the more expensive it is. This is because rarity influences the value of digital works. When you want to buy an NFT, one of the factors to be assessed is the rarity of the token you’re considering purchasing. What is rarity and how can you find the rarest NFTs in a collection? Find out how to use NFT rarity tools!
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