The market for NFT collections is growing more and more every day. As a result, every NFT has its popularity, demand, and price. The price of each NFT is made up of several factors. One of the essentials is - Rarity.
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NFT Rarity differs in how it looks compared to all NFT collections.
This topic will be discussed in this article. What is NFT Rarity, what is it for, how is it calculated, how to use it, and where can you get actual rarity info?
We have answered those questions and prepared a whole list of helpful Rarity Tools below. So add this to your bookmarks to have a useful list at hand.
What is NFT Rarity Rank?
NFT Rarity Rank is an indicator that shows the rarity of a particular NFT within its collection. It does not show rarity among all NFTs globally, but it only works within its cohort.
Most NFT collections consist of different versions of the same picture. Each image can be decomposed into the traits and calculated amount on how often they are repeated within the collection. This is precisely what NFT Rarity Rank is.
Why do you need to know NFT Rarity?
You must know the Rarity of NFTs to not overestimate or underestimate the specific NFT you are interested in. Thanks to the information about rarity, one can understand the potential of NFTs for investment.
This way, you can discover NFTs that are undervalued and purchase it. And in the same way, find NFTs that are overpriced and don't buy them. So the short answer - is to make smart investments.
What is NFT Rarity Calculation Methods?
Methods by which you can calculate the Rarity of a particular NFT. Since there are several opinions on what to consider a rarity, practices are more than one. So, the main methods for calculating NFT Rarity are:
Trait NFT Rarity Ranking
This is the most basic method. Its essence is to see how each trait of an individual NFT is rarely used in the collection. Since this is the most accurate indicator, it is a minor complex, and this is its weak point.
Indeed, to measure the Rarity of an NFT, it is not enough to know the rarity of only one trait since an NFT consists of a set of traits.
Average Trait Rarity
The following method solves the problem of the previous method but gets a new one. As the name suggests, it calculates the average Rarity of a trait within the whole NFT.
For example, let's take an NFT with three traits. The first trait can have a 20% rarity, the second can have a 50% rarity, and the third only 5%. So the average percentage will be 25%. It'll calculated like this (20 + 50 + 5 ./ 3 = 25).
This helps determine the overall rarity but loses the rarity of individual traits. But particular features can also affect the price.
This method is similar to the previous one. It also takes into account the total amount of uniqueness. The only thing they differ is - Statistical Rarity is calculated by multiplying the features by each other.
For instance, there are two traits, 10%, and 30%, so the statistical Rarity will be 10% * 30% = 3%.
As you can see, there are some problems. The overall counting methods will not show the unique trait value if there is one. Instead, it will be the total number of all traits. The single method will not be able to offer the most valuable NFT with the rarest traits, it will show NFT with the rarest trait, and that's it.
What is the best way to Calculate NFT?
IMHO - the best way to calculate NFT is to know the Rarity of NFT is to summing all single rarities scores of every threat.
The coefficient formula looks like this:
1 / ( [Number of NFT with that trait] / [Total Number of NFT in the collection] ).
After summing all coefficient of traits that a specific NFT has, multiply it by 100 and get an appropriate rarity percentage.
Top 20 NFT Rarity Tools
So, how to check the Rarity of my NFT asset?
To check the Rarity of NFTs, you may do two things:
1. You can calculate it by yourself using different methods. This is best the way to understand the value of upcoming NFTs. And this is some ninja-level stuff.
2. Use special tools for NFT Rarity calculations.
We made a list of the most helpful Rarity Tools, so you can bookmark this article to keep them in one place.
Rarity.tools is the most famous tool to check NFT Rarity.
How does Rarity.tools rating work? Everything is pretty simple.
Each trait of an individual NFT is assigned a Rarity score. Then the Rarity scores are added up, and the overall NFT Rarity is obtained, according to which the NFTs are ranked.
Furthermore, Rarity.tools keeps track of updates and adds new features, and rearranges old NFT objects from one collection.
There is also a nice part of the functionality - you can sort by categories of traits, which gives a new overview of the situation.
But one way or another, some NFTs can have unique aesthetics and combinations of traits that cannot be accounted for. So don't rely solely on unique traits for investment decisions.
RankNFT is a paid tool where a free subscription is possible. They rank NFT traits based on their internal algorithms and formulas, and various filters for NFT sorting make life easier.
They also have a browser extension for more convenient use.
An important thing to mention is that they are on a small list of companies that show the situation on the Polygon blockchain.
Rarity Sniper is a booming service.
Rarity Sniper currently ranks over 1000 generative NFT collections by Rarity. On it, you can filter collections by features, view the statistics of these collections, and monitor the calendar of upcoming NFT drops.
They recently added a "buy now" feature that allows visitors to check not only the Rarity but also the price of NFTs on the OpenSea secondary market. Thanks to this, you can see the NFT Rarity and its price in one instrument. They have also added Solana NFT collections, so more analysis is in one handy tool.
Moreover, Rarity Sniper talks about current NFT news, cryptocurrencies, Web 3.0, and the meta-universe, which makes them a comprehensively valuable tool for all users.
OpenSea, as you know, is the largest and most popular platform for all NFT users. You can see the price of any NFT, find out who bought it and when, the history behind it, and so on. Every investor uses it.
Further, it also has its own algorithm that calculates the uniqueness of NFT. And for the initial inspection - this is quite a suitable tool.
But we suggest you use the other tools from this list for even more detailed analysis, as the overall NFT Rarity rating or Rarity score is not available here.
As the name NFTSniff suggests, here you will sniff the newest NFTs. And those NFTs have not yet become very famous, which is an absolute advantage for investing.
NFTSniff is a handy NFT Rarity tracker that mainly works closely with the community on a discord server. It catches the newest NFTs very quickly and shows detailed statistics on their rarity.
They also have functionality that notifies you of the latest market launches on the OpenSea marketplace. So, the rare NFT can be purchased before anyone else, and the fast loading time allows you to compete with one of the best NFT Rarity Tools in the entire NFT market.
Due to its speed, features, and potential, we can put it right behind Rarity.tools.
NFT Bank is a great portfolio management tool for users who want to manage NFT ownership.
With this useful app, you can keep track of the NFT price in your portfolio. The primary purpose of the tool is to simplify the issue of taxes, but despite this, it also allows you to rank NFTs by Rarity. You select the hottest NFT deals and see their potential market price.
With a vital tool like this, you can quickly get an investment insight that will be a big hit with NFT investors. In the data provided by NFBank, among other things, you will find info about ROI, activity, and expenses.
There is also a helpful tool, "Analysis and signals," in which you can easily and quickly find new opportunities for investing in NFT. Indicators of market indicators and portfolio data of other users allow you to create a complete picture of the NFT market situation.
MomentRanks provides a comprehensive analysis of the NFT market. Here you can find out the price, popularity, and NFT Rarity and track the required NFT collection.
The main reason why NFT investors love MomentRanks is that it has a very user-friendly interface that allows newcomers to participate in the NFT market.
MomentRanks has its own Rarity Rating, which is slightly different from the market standard. They've developed a very convenient tool that decomposes NFT into components (head, body, eyes, etc.), after which these components are decomposed into different traits, and you can use them to determine how often they are used in the collection.
When selecting the desired trait through the filter, you can get a list of the necessary NFTs with a price and a general Rarity Rank. Filters can be customized based on any trait.
But a disadvantage is that, despite the constant availability of data, their integrality suffers.
Moby is another tool for insiders, new drops, and monitoring situations on the upcoming NFTs. The main value is the selection of NFTs for primary investment. Access to this resource is carried out only by connecting your crypto wallet. This is done to reduce unnecessary users amount.
They also have a tool to measure NFT Rarity, but it's more of a general picture for a specific NFT collection.
With this platform, you can get real-time NFT statistics and feeds. For a clearer picture, investors can switch the time window to 10 minutes, 60 minutes, 24 hours, etc. This will enable faster action in the NFT investment decisions.
"Everything you need to decide on your next buy, sell, or mint" is their motto. Due to their specifics, they resemble the previous ones on the list. The connection is only through a crypto wallet, but the NFT Rarity meter itself is worked out more strongly here.
With a connected wallet, you can filter the NFT rating even for the last 30 minutes. You can also find all information about NFTs on the leaderboard, such as the lowest price, sales volume, and average price.
Thanks to the user-friendly interface, this Icy.tools is suitable even for beginners, so take a closer look.
Let's move on again to tools that directly focus on the NFTs Rarity. HowRare, as its name says, is a such tool. It can help you to check the Rarity of each NFT for all possible attributes. All of these attributes are chosen according to the specific NFT collection.
These attributes are shown as a percentage of a particular trait relative to all other NFTs for that trait. As a result, there is a general score, the number of unique features in this specific NFT, and a place in the rank of the uniqueness of the collection.
The important thing to consider!
While NFTs are mostly minted on Ethereum, HowRare is focused on Solana. Everything is there - name, rarity score, asset value, release date, transactions, but it's all about NFT on Solana's blockchain.
So HowRare is a completely Solana-based rarity tool.
Great tool with rich analytics. Suitable for all investors, as the resource tracks the movements of all products based on smart contract technology. That is, not only NFT and tokens but also decentralized applications - Dapp, hence the name.
Of course, there is also some info on NFT Rarity, but rather as one of the indicators for the big picture. So, in general, DappRadar is a valuable tool for investors.
In 2020, DappRadar developed an NFT portfolio tracker. With it, you can track Ethereum wallets in real-time. You enter your Ethereum wallet address or ENS address and get detailed information about your Ethereum tokens and NFT account balance.
This is a brilliant solution if you need to keep track of NFT Rarity. After all, this tool can help you to monitor your portfolio individually.
Etherscan is an old but reliable tool that appeared even before the first growth of bitcoin. It is a convenient place to study the statistics of cryptocurrencies and NFT markets.
There are a lot of handy tools to work with, for example, a token minting calculator, where you can see how much the minting cost will be today.
Recently, they added an NFT tracker. And you can see quite detailed information about all NFTs. Both those who were just sold and those who were just minted.
Also, Etherscan uses special APIs that allow you to analyze the data further to provide the user with more valuable information.
CryptoSlam is the leading NFT aggregator. They collect and analyze data for millions of NFTs across 15+ blockchain technologies. Here you will find everything you may be interested in about NFT. Their Rarity Score, price, popularity, recent purchases, daily price changes, and others.
Their NFT ranking tool helps you interact effectively with NFTs. This is possible thanks to such indicators as NFT sales, minimum price, transaction volume, number of owners, and of course, a complete overview of the rarity of each NFT. You can also list your NFT collection using their functionality.
"Real-Time Crypto And NFT Insights"
This heading exhaustively characterizes this service. A professional tool for tracking new NFTs, as well as signals on which they can be traded. Extensive summary analysis in the form of easy-to-read graphs and statistical analysis.
Nansen Rarity Tool is suitable for those who are ready not only to engage in NFT investments but to trade them constantly. Mega useful is the ability to see and analyze the NFT in real-time. Check the owner of each project, making it easy to identify and verify them.
Analysis tools allow users to see a table of the most profitable NFT wallets. So all of this can lead to better asset management and future planning for your NFT portfolio.
NFT Stats is a giant list of NFT collections, their floor prices, purchase prices, and popularity.
The main thing you can do with rarity explorer is filter and refine NFT collections and find rare NFTs. It shows a Rarity Score based on the Rarity of the NFT traits.
But anyway, the tool is not indispensable, and you can find better alternatives in this list.
Rarity Mon is a discord bot and website that allows you to check the NFT Rarity in an NFT collection. Using unique exact static formulas, they show how rare a trait is in a particular asset and what place this NFT occupies in its collection.
They support blockchain technologies such as Ethereum, Solana, Binance, Polygon, and Cardano.
It is also a great tool for checking your NFT collection. Within a few hours, they can check any number of NFTs to highlight unique features and rank them.
Trait Sniper is a tool whose main feature is NFT revaluation.
How does it work?
There is information on the market about the NFT value and its rarity, but often the price is unfairly low, and it can be increased due to its rarity. Trait Sniper finds such NFTs and shows their actual Rarity Score, and shows a potential to re-evaluate it.
So the principal value for investors is to earn money on undervalued NFT assets.
Trait Sniper's interface is a bit awkward, but you can get used to it quickly. There is also a browser extension, but it is paid.
SolSea is not quite a tool in the usual sense, and it is a marketplace. They specialize in Solana and Solana blockchain only. They create NFTs with built-in licenses (NFT-PRO) and can calculate the rarity rank for Solana NFT collections. Also, they support wallet top-ups with FTX-Pay and Moonpay and keep updating their stack with new features.
Crypto is an extensive database of information relating to the whole blockchain tech. They show the latest drops, move through marketplaces, and track popular NFT collections across multiple blockchain systems.
The central part of their work is aimed at promoting their crypto wallet.
You can check rarity here, but it is better to pick other options for that purpose.
This is the most popular service for checking the latest information on the cryptocurrency market. Here you will find all popular crypto exchanges, trades, price changes, cryptocurrency volatility, upcoming forks, etc.
Of course, such a resource already has an NFT section, which also shows the foremost transactions, price movements, and so on, which are of interest to people in general.
CoinMarketCap monitors the situation on three leading blockchain technologies and shows basic information about them. The only thing is that there are no rarity statistics. And the only reason we've included CoinMarketCap here is that it might have one for the foreseeable future.
Now you know what NFT Rarity is, why it is essential, and how to count it. Also, you discovered an extensive list of handy tools for NFT investment.
Of course, there are other ways to estimate the value of NFTs. Maybe you like the art of one more than the other since the ultimate rarity can be attributed to aesthetic feelings. Some people prefer blue, and some red.
It's important to consider when you plan to make an NFT investment.
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