rarity calculator nft | BTCC Knowledge

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How do you calculate NFT rarity?

Average trait rarity Another method used to calculate NFT rarity is averaging the rarity of traits that exist on the NFT. For example, if an NFT had 2 traits, one with 50% rarity and another with 10% rarity, it’s average trait rarity is (50+10)/2 = 30%. The method seems good since at least it considers the overall rarity of the traits.

What is the'statistical rarity' of an NFT?

Imagine an NFT has 2 traits with 1 trait at 10% and the other trait at 50%. The ‘statistical rarity’ for that NFT would be (10% * 50%) = 5%. If you try to compare the rarity of some NFTs using these three methods, the results will suggest different rankings.

How do you compare NFTS?

It refers to comparing NFTs through simply contrasting the rarest trait of each non-fungible token. Although it is a simple straightforward method, it suffers from the weakness that it only considers the rarest trait of each NFT: it doesn’t look at the overall rarity of the NFTs at all, just the rarest trait. 2. Average trait rarity

How to calculate rarity score?

The simple way to calculate Rarity Score which was also described on that site is: The total Rarity Score for an NFT is the sum of the Rarity Score of all of it’s trait values. This simple calculation gives very good results and today is also used as the basis of rarity ranking in other NFT sites including an NFT marketplace.

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