Today we are going to review some of the best Solana NFT rarity tools. This year we have witnessed the exponential development of NFTs. There is one question investors often ask when it comes to NFT rarity verification and how to do it. The rarity of an NFT is a crucial element in determining its value. But what is rarity and why is it so important?
What is NFT Rarity Tools?
Let’s say you’ve just discovered the fantastic world of NFTs and its benefits, and you want to know everything about it. One of the things that has been generating interest lately and is constantly mentioned is NFT Rarity Tools.
Almost the entire cryptocurrency world has gone crazy over the famous non-fungible tokens. Therefore, it is not surprising that interest in studying everything related to them continues to grow, including the NFT rarity estimation tools, which we will cover in this article.
But before we get into that topic, do you have any idea what NFT actually means and implies?
How is NFT rarity calculated?
What is the definition of “rarity” in the NFT world? One of them is 1/1 NFT from famous crypto artist like Fewocious or celebrities like Paris Hilton or Snoop Dogg. This is self-evident, to say the least. However, when it comes to hundreds of NFTs in a collection, it is the rarity of each feature in each NFT that determines its overall value.
Let’s take hit NFT collections like Crypto Punks as an example. The collection includes 10,000 NFTs divided into five different “punk types”. While the rarest type is the elusive “Alien” with only nine in circulation, the least rare type is “Male” with 6,039 NFTs in existence. In addition, each type has its own set of characteristics or qualities with different rarities. For example, the “Cap” and “Collar” are rather unusual attributes, they are worn by only 44 and 48 punks, respectively. On the other hand, traits such as “earring” and “cigarette” are more common.
With such a large variety, even in the same collection, the question arises of how to check the rarity of NFTs. The total deficit of a particular NFT can be calculated in various ways. Calculating the rarity of an NFT based on the rarest trait, taking the average rarity of a trait, or statistically estimating rarity are just a few examples. However, all of these methods focus on the general features of NFTs rather than one specific feature. As a result, Rarity Tools developed a method known as “rarity scoring”.
According to the rarity tools, “the overall rarity score for an NFT is the sum of the rarity score of all its characteristic values.” Below is the formula used to calculate the rarity score of a trait value:
Trait value rarity = 1 / ([Number of Items with that Trait Value] / [Total Number of Items in Collection])
The score takes into account both the individual NFT stat and the overall rarity of the traits. As a result, the rarity rating has become the industry standard for NFT rarity ratings on many websites.
Best NFT Rarity Tools to Check Rarity Estimation
Obviously, no one wants to calculate the rarity of every NFT they are looking for for themselves. Do not worry; There are several investment tools that will do all the work in a few clicks. Let’s take a look at some of the best options!
The most common method for determining NFT rarity: Rarity Tools . It ranks NFTs by their feature deficits in real time. You can filter NFTs by their average price, total sales, number of owners, and top collections on the site. In addition, you can find information about existing popular collections such as BAYC and Crypto Punks, as well as future projects. In addition, the website has a simple and pleasant user interface that makes it easy to determine the rarity of an NFT!
NFTs with a lower rarity value will have a more common rarity type, and vice versa. For example, CryptoPunk #8348, which is #1 on the site, has a rarity rating of 10342.68. CryptoPunk #7804 has a score of 2329.18, which is the second highest NFT rarity rating on the site. While the tool is free to use, NFT projects must pay 2 ETH as listing fees to be listed on the platform.
This is one of the best NFT rarity tool. If you want to know the rarity of NFT Solana, then HowRare.is your best bet. Based on the floor price, number of items and holders, and whether NFTs are for sale, the site listed 255 Solana NFT collections. You can discover NFTs belonging to a collection based on their rarity in each collection. The rating and score of each NFT is displayed below its title, as well as attribute data.
You can find out about your NFT’s deficit using its asset ID. If you are looking for information about upcoming Solana collections, you have come to the right place. However, they are not reviewed by HowRare.is, so be sure to do your own research before buying anything.
Another example of one of the best NFT rarity tools: Rarity Sniper . It has many 774 collections on Ethereum, Solana and other platforms. It has an easy to use interface that displays rarity rank, scores and all traits in an attractive way.
There is also a Discord community of 400,000 for Rarity Sniper. Surprisingly, you can also find a shortage of NFTs here. To do this, simply use the following bot command under rarity-check:
The rarity of the NFT will be displayed by the bot. This is a simple method for determining the NFT deficit. However, you will only be able to detect the rarity of Rarity Sniper collections.
If you’re looking for information about new NFT projects, Sniper is a good place to start. The tool is fully focused on current and upcoming projects. When a project is announced, it takes less than two minutes for the Traits Sniper bot to analyze the rarity of NFTs. There are both free and premium versions, with the latter providing features such as real-time notifications of new disclosures and their scores.
The largest and best-known NFT market is the High Seas . It tracks volume, floor price, and other metrics to provide NFT ranks. You can see the most popular collections from the previous 24 hours, 7 days, 30 days, or all time. This is a great way to figure out which collections are trending so you can make an informed financial decision.
You won’t be able to determine the overall NFT rarity rating or NFT rarity score while you can see the traits and their frequency for each NFT. Regardless, having a marketplace and real-time ranking makes it very easy to choose which NFT is right for you.
Finally, investing in NFTs comes with a number of risks. While investment vehicles are quite useful in determining the rarity of an NFT, rarity should not be the only consideration when buying an NFT. Before buying, it is extremely important to do your own research and have a complete understanding of the market.