So you bought an NFT but have no idea how uncommon it is? Rarity tools, Icy tools, How rare is, and others are some of the best rarity tools for NFTs. But don’t worry if you get a little lost! We’ll teach you how to calculate NFT rarity ranking, compare NFT features, and uncover hidden gems using the greatest NFT rarity tools in this tutorial.
When determining whether or not an NFT has the potential to make you money, rarity is critical. As the NFT tsunami sweeps the digital world, investors have a common question: how can you determine the rarity of an NFT? So, what factors go into determining the worth of an NFT? Why do certain NFTs get millions of dollars while others, even from the same collection, only a fraction of that?
Rarity is the solution to all of these questions.
What is NFT rarity?
Simply said, NFT rarity determines how valuable an NFT is by determining how uncommon it is. Collectors are especially interested in rare NFTs, which drive up their costs. This is why collectors want to know if an NFT in their collection is uncommon, or if the one they wish to acquire is unusual. The rarest NFTs often have the rarest qualities, although they can also be unusual for other reasons, such as a complete lack of traits.
How is NFT Rarity Calculated?
So, what makes an NFT so uncommon? To begin with, a 1/1 NFT by a well-known crypto artist like Fewocious will always be uncommon. NFTs by celebrities that don’t typically release art, such as Paris Hilton, might also be excellent selections. When it comes to NFT collections containing hundreds of NFTs, however, the total rarity of an NFT is determined by the rarity of each character inside it.
Take, for example, hit NFT collectibles like CryptoPunks. There are 10,000 NFTs in the collection, which is classified into five main ‘Punk kinds.’ While ‘Alien’ is the rarest kind, with just nine in stock, ‘Male’ is the least rare, having 6039 NFTs in total. Then there are distinct features or traits for each category, with varying rarity.
For example, the qualities ‘Beanie’ and ‘Choker’ are exceptionally unusual, with just 44 and 48 Punks, respectively, having them. Characteristics such as ‘earring’ and ‘cigarette’, on the other hand, are more prevalent.
The NFT rarity rank of various Punk kinds varies. Larva Labs is responsible for this image.
If you’re wondering what makes an NFT uncommon, it’s a mix of unique qualities. How do you determine a single NFT’s total rarity? How uncommon is one NFT in comparison to another? Don’t be concerned; we’ve got you covered.
How To Check NFT Rarity
The total rarity of a single NFT may be calculated using a variety of ways. Calculating rarity based on the rarest attribute, calculating the average rarity of traits, or statistically measuring rarities are all examples of this. However, rather than focusing on a particular property, all of these strategies look at an NFT’s overall characteristics.
What is an NFT Rarity Score?
Rarity Tools devised a mechanism known as a “rarity score.” “The overall Rarity Score for an NFT is the sum of the Rarity Score of all of its characteristic values,” they said on Medium.
The following is the formula for calculating the Rarity Score of a trait value:
Rarity Score for a Trait Value = 1 / ([Number of Items with that Trait Value] / [Total Number of Items in Collection])
The score here considers both the single characteristic of an NFT and the overall trait rarity. As a result, for many sites, Rarity Score has become the de facto standard for NFT rarity rating.
How To Find My NFT Rarity Rank
No one wants to perform all the arithmetic to figure out the rarity of every NFT they desire. Furthermore, you should constantly conduct due diligence.
Here are a few excellent investing tools that will assist you in determining the rarity score in a matter of seconds.
Rarity.Tools is the most often used tool for determining the rarity of an NFT. It rates NFTs in real-time based on the rarity of their qualities. NFTs may be sorted by average price, total sales volume, number of owners, and top collections. Furthermore, rare tools may be used to learn about both present and forthcoming projects, such as Bored Ape Yacht Club and CryptoPunks. Furthermore, the rarity. tools website offers a user-friendly layout that makes finding NFT rarity a breeze!
How to view Rarities on Rarity.Tools
To see a collection’s rarities, simply go to the rarity tools page for that collection. Each NFT has a related card that lists all of its characteristics as well as its Rarity Score. You may also check nft rarity score of an NFT you possess by entering the ID of the NFT in the “project section.” Then select “Lookup” to examine all of your NFT’s attributes and Rarity Score.
The NFT rarity will increase as the Rarity Score rises. The Rarity Score of CryptoPunk #8348, which is now rated #1 on the site, is 10342.68. CryptoPunk #7804, on the other hand, has a score of 2329.18 and a Rarity Rank of #2. Although the tool is free to use, NFT projects must pay 2 ETH to be featured on the site.
2. Rarity Sniper- NFT Rarity Ranking
Another popular tool for determining the rarity of NFTs is Rarity Sniper. There are 774 collections overall, including Ethereum, Solana, and others. It features a very appealing and user-friendly layout that shows the rarity rating, score, and all of the qualities.
Rarity Sniper Discord Bot
Rarity Sniper also has a Discord channel with over 400,000 members. You may use their easy bot instructions to retrieve rarity information on a certain NFT, as well as gas and floor pricing.
Rarity Sniper Bot will respond as soon as possible, as illustrated in the image below! This is a straightforward method for determining the rarity of NFTs. However, you’ll only be able to locate the Rarity Sniper-supported rarity of collections.
3. Rarity Sniffer – NFT Rarity Rankings
If you want to know the rarity of the most recent NFT drops, Rarity Sniffer is your solution, just like Traitsniper. “The fastest and most confirmed outcomes seconds after revelation,” according to the website. As a result, you’ll only be able to access information about the most recently abandoned NFT projects. You may also find out about impending NFT drops. Rarity Sniffer has almost 10,000 NFT collections listed on its page thus far.
Rarity Sniffer has also set up a Discord server where you can gather more information about rare NFTs. In other words, you might be able to learn about a new NFT’s rare nft rarity status before the facts are made public. The server can also send you notifications about impending revelations.
Traitsniper is a useful tool for comparing NFT rarity based on attributes. The tool is designed to help with existing and forthcoming tasks. Every time a project is announced, the Traitsniper bot analyses the rarity of the NFTs in about 2 minutes. There are free and premium versions, with the latter including features like real-time alerts of fresh reveals and their scores.
Unlike the other websites we’ve reviewed, Traitsniper’s website is a little busy and can be tough to browse for newcomers. You may choose a specific NFT to examine its Rarity Score, Rarity Rank, OpenSea Price, and OpenSea Highest Offer after you get the hang of it. Individual qualities are also displayed, along with their respective rarity score.
5. Etherscan Token Tracker
Etherscan has established itself as the Ethereum Blockchain’s go-to analytics tool. Etherscan, on the other hand, is an excellent token tracker, including ERC-721 tokens, which are the standard for NFTs.
Simply click “ERC721 Top Tokens” under the “Tokens” option to get started. This will launch the “Non-Fungible Token Tracker,” which has information on all of the top NFT collectors. Details on minting, transfers, pricing, and more may be found inside each series. In reality, various current rarity tools use Etherscan’s data analysis to provide a further breakdown.
6. Solana NFT Rarity On ‘How Rare is’
HowRare.is is the ideal choice if you only want to know the rarity of Solana NFTs. The website includes 255 Solana NFT collections listed by floor price, number of pieces and holders, whether the NFTs are on sale, and other factors. You may discover NFTs depending on their rarity inside each collection, much like with Rarity Tools. The rarity rank, rarity score, and attribute data for each NFT may be found beneath it. There’s also a section on sales history where you may look up information on recent transactions.
The asset ID may also be used to determine the rarity of the NFT you hold. If you’re seeking information about forthcoming Solana collections, you can find it here as well. However, HowRare.is has not confirmed these, so conduct your research before making any financial decisions.
7. NFTGo – An All-in-one NFT Analytics Platform
Another important NFT analytics platform is NFTGo. NFT alpha based on ranking, rarity, whale tracking, drops, and more can be found here. NFTGo has 2,387 NFT collections catalogued and collected data from over 15 NFT markets as of this writing.
NFTGo includes a special rare area for finding NFT rarity in particular. To learn each NFT’s rarity score, rarity rank, top rarity, and last price, among other things, simply search for the needed collection. In addition, the site provides in-depth, real-time market statistics.
You may now follow 1493 whale wallets to see what they’re up to and learn about potential NFT drops. You may also use the service to track your portfolio by connecting your wallet. NFTGo is, in a nutshell, a one-stop-shop for everything NFT-related analyses and rankings. The site is simple to use and has a nice user experience.
8. Use DappRadar to Monitor NFT performance
DappRadar is a data collection and analysis startup that follows hundreds of dApps across many blockchains. DappRadar has been the go-to site to track the performance of NFT collections for some years. Their ranking tables, which rank NFTs based on a variety of characteristics such as total sales, traders, and volume, are an excellent way to stay current with market developments.
In addition, the site implemented an NFT portfolio tracker in 2020 to make it easier to keep track of Ethereum wallets. Simply input your Ethereum wallet address or ENS name to get real-time information on all of your ETH and NFTs. You may also keep track of the value of your NFTs at all times. You can also follow the wallet activity of NFT whales using a similar way.
9. Nansen AI Blockchain Analytics Platform
NFTs are a long-term investment. As a result, the more current you are with market trends, the better your judgments will be. Nansen AI, a blockchain analytics platform, can aid with this. The tool is ideal for finding new investment possibilities, doing due diligence, and safeguarding your portfolios with real-time dashboards and notifications.
To begin, it provides an NFT wallet analysis tool that allows you to access real-time statistics on some of the most profitable NFT wallets available. You can simply track when and where a wallet’s money has been moved by setting up custom notifications.
You may also utilise the site to learn about new tokens and the most popular NFT collections. The portal provides in-depth research of over 25,000 projects. You can also check who is investing where and keep track of all transactions. All of this research can assist you in better managing your portfolio.
10. About Icy.Tools
Another handy tool for tracking the details of some of the most popular NFT collections is Icy Tools. The collections are ranked by their floor price, sales volume, average price, volume, market cap, and seven-day volume on the platform. Premium subscribers get access to rankings for the previous 1, 5, 15, and 30 minutes.
Icy Tools is a user-friendly platform that provides extensive information on each collection. You may discover information on the rarity of each characteristic, recent transactions, and the current price under each NFT. Most of the services, however, require you to confirm your account by linking your wallet. Premium customers also get access to other tools such as NFT history and price charts.
11. Using OpenSea’s Rarity Section
The largest and most popular NFT marketplace is OpenSea. It not only facilitates NFT sales but also displays NFT rarity statistics. While you can view each NFT’s qualities and its rarity, you can’t see its total rarity rank or score. However, using OpenSea ranking and activity data in conjunction with any of the aforementioned NFT Rarity Tools can be beneficial.
12. LooksRare Rankings
LooksRare, like OpenSea, offers a section dedicated to NFT rankings, which are based on floor price, volume, and other metrics. You can also sort the results by the largest overall volume or the highest 24-hour volume change. Furthermore, you have the option of seeing all of the platform’s collections or simply the verified collections.
It also displays the rarity rating of each NFT in its respective collection, which is a very helpful feature. The marketplace just included a new tool that displays the floor price of any NFT attribute. You no longer need to independently examine distinct attributes inside an NFT collection using this functionality.
In brief, LooksRare is a very easy platform for you to search up NFT rarity and market trends, and buy the NFTs you desire all in one location. NFT fans are flocking to LooksRare instead of OpenSea because of these new features.
The “best accurate NFT rarity tracker available,” according to RarityMon. RarityMon is a Discord bot and a website that checks NFT rarity. It was founded by a group of people that love data, cryptocurrencies, and NFTs. It not only displays the rarity of each attribute, but also the position of the NFT in the collection.
While RarityMon may not be the “most accurate” NFT rarity tool, it does support a variety of networks, which is one of the platform’s key benefits. Ethereum, Solana, Binance, Polygon, and Cardano are among them.
Because of its user-friendly features, MomentRanks is a popular NFT analytics tool among NFT collectors. NFT collection rankings are available on the site in three categories: PFP, Sports, and Gaming. There’s also a marketplace on the site, as well as a technique for calculating the NFT rarity score. In other words, its rarity score differs little from that of its peers.
A content page and an NFT podcast are also available on the platform to keep you up to speed on the latest developments in the NFT area. Users have, however, frequently raised concerns about data inaccuracies on the network. MomentRanks has the potential to become one of the most popular NFT rarity tools and analytics systems on the market if it can address this.
NFTSniff prides itself on being a “Rarity Sniffer.” NFTSniff, like other rarity tools, displays the rarity of the most recent NFT collections. You may also join its Discord to receive notifications when a project achieves high mints or reveals.
This NFT rarity tool is likewise rather simple to use and browse. While its features are currently restricted in comparison to other popular rarity tools, the platform says that more features will be added shortly.
Finally, there are a variety of ways for determining the rarity of an NFT—it all depends on your preferences! Whether you’re looking to compare features or discover the right uncommon item, these essential investing tools will help you gain a leg up on the competition. Learn from the professionals and dive into these fantastic NFT Rarity tools if you want to ensure your trading success!