rarity nft ranking | BTCC Knowledge

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What are NFT rarity rankings?

NFT rarity rankings measure how rare an NFT is in a particular collection. As we established earlier, all NFTs have a different combination of traits, thus being unique. Well, while the combination of traits is different, one trait can apply to many NFTs. So, NFTs with uncommon traits are likely to have a higher rarity ranking.

How is the rarity of an NFT calculated?

The rarity of an NFT is calculated based on the rarity of different traits that it's compiled of. This may sound simple, but when you're dealing with large collections that contain thousands of individual NFTs, calculating the rarity of each NFT can be difficult.

How does rarity sniper rank NFTS?

With Rarity Sniper enabling NFT Rarity Ranking features in their Discord server, members can chat, shill, grind, or even check gas prices in the Ethereum blockchain and floor prices of NFTs. Regarding the process of ranking NFTs, Rarity Sniper does so through “Traits Normalization”.

Why should you use NFT rarity tools?

NFT rarity tools have made NFT research easier and better. Although they are still infant protocols, we’ll see more strict rarity rankings soon with the current inclusion of paradigm formulas. You should perform due diligence even after using rarity tools because they are all based on assumptions and estimations based on perceived facts.

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