Table of Contents
Introduction
The world of NFTs is still relatively new, and it can be challenging to predict where the trend will go next. However, some clear trends are emerging in the world of NFTs, particularly in the realm of collecting. NFTs have become a popular asset for collectors, with virtual pets, digital art, and in-game items from popular video games being among the most sought-after items. As the popularity of NFTs continues to grow, it becomes increasingly important to evaluate the rarity of these digital assets. In this blog, we will explore the best NFT rarity tools available for collectors and investors.
Evaluating NFT Rarity
When it comes to assessing the rarity of an NFT, there are several factors to consider. These include the total supply of the NFT, the number of top developers associated with the NFT, and the price of the NFT. By evaluating these factors, collectors and investors can gain insight into an NFT’s rarity and potential value.
Total Supply and Max Supply
The total supply refers to the number of a particular NFT that will ever be created. Unlike traditional assets like stocks or commodities, NFTs have a limited supply. For example, if an NFT has a total supply of 10, it means that there will only ever be 10 of that NFT in existence. This scarcity contributes to the rarity and value of the NFT. It’s important to consider both the total supply and the circulating supply, which refers to the number of NFTs currently in circulation, when evaluating the rarity of an NFT.
Number of Top Developers
The number of top developers associated with an NFT can also indicate its rarity. NFTs created by well-known and respected developers are often more valuable and sought after. By considering the reputation and track record of the developers behind an NFT, collectors and investors can gain insight into its rarity and potential value.
Price
The price of an NFT is another important factor to consider when evaluating its rarity. Demand plays a significant role in determining the price of an NFT. If there is high demand for a particular NFT and limited supply, the price is likely to be higher, indicating its rarity. On the other hand, if there is low demand and a large supply of an NFT, the price may be lower, suggesting a lower rarity.
NFT Rarity Ranking and its Importance
NFT rarity ranking is a system that assigns a score to an NFT based on its rarity. This score is used to determine the NFT’s value. The higher the score, the rarer the NFT, and the more valuable it is. Several factors contribute to calculating an NFT’s rarity ranking, including the number of copies in existence, the age of the NFT, and the demand for the NFT.
NFT rarity ranking is a valuable tool for both collectors and investors. It helps identify rare NFTs that are more likely to appreciate in value over time. Additionally, it helps assess the risk involved in investing in an NFT. NFTs with higher rarity rankings are more likely to maintain their value compared to those with lower rankings. For individuals interested in collecting or investing in NFTs, understanding rarity ranking is crucial for making informed decisions.
Top NFT Rarity Tools
To assist collectors and investors in evaluating the rarity of NFTs, several tools are available. These tools provide valuable insights into an NFT’s rarity, enabling individuals to make informed decisions. Let’s explore some of the best NFT rarity tools currently available:
- OpenSea Rarity Calculator: Best NFT Rarity Tool Overall
OpenSea is a popular marketplace for unique digital assets, including NFTs. In addition to its marketplace listings, OpenSea also offers a comprehensive rarity calculator. This tool allows users to assess the rarity of their NFTs by entering the relevant details. The OpenSea rarity calculator provides a list of results that can be used to compare the rarity of an NFT with others.
- DappRaddar Rarity Calculator
DappRaddar is another well-known NFT marketplace that offers a reliable rarity calculator. Similar to the OpenSea rarity calculator, users can input the total supply, circulating supply, and price of an NFT to determine its rarity.
- Rarity.Tools Rarity Tool
Rarity.Tools is a newer marketplace that may not have as extensive a listing as other platforms. However, it offers a useful rarity calculator. By inputting an NFT’s smart contract address, users can calculate its rarity. It’s important to note that rarity is not the only factor in determining an NFT’s value.
- NonFungible Rarity Calculator
NonFungible.com is a popular NFT marketplace renowned for its extensive collection. The platform also provides a top-notch rarity calculator. Users can select the NFT type, enter the total supply, and calculate its rarity.
- NFT Stats Rarity Tool
NFT Stats is a website that aggregates data from various NFT marketplaces. Alongside its marketplace listings, it offers a rarity calculator. This tool calculates the rarity of each token based on data from different NFT marketplaces.
- Rarity Sniper Rarity Calculator
Rarity Sniper is a rarity calculator offered by NFTX, an NFT marketplace specializing in multi-NFT trading in a single transaction. The Rarity Sniper calculator estimates the rarity of an NFT by allowing users to input the type of NFT they possess.
- NFTGO Rarity Calculator
NFTGO is a website that allows users to track the prices of individual NFTs. Additionally, it offers a reliable NFT rarity calculator. Although still in beta, NFTGO is a valuable resource for individuals interested in buying or selling NFTs.
- LOOKSRARE Rarity Calculator
LOOKSRARE is a website that enables users to search for NFTs based on various criteria, including rarity. It offers a user-friendly search feature and a helpful rarity calculator. For those looking to find NFTs by rarity, LOOKSRARE is a great resource.
- Etherscan Rarity Calculator
Etherscan is a website that allows users to browse NFTs by category. It also offers a rarity calculator that estimates the rarity of an NFT. Etherscan provides a comprehensive list of major NFTs and their respective categories, making it easier for users to search for specific NFTs.
- HowRare Rarity Calculator
HowRare is a website that provides data visualizations and insights into the NFT market. It offers a rarity calculator that estimates the rarity of an NFT based on user input. This tool is beneficial for investors seeking to make informed decisions based on an NFT’s rarity.
These tools mentioned above are among the best options available for evaluating the rarity of NFTs. By utilizing these tools and considering the factors discussed earlier, collectors and investors can gain a better understanding of an NFT’s rarity and potential value.
Conclusion
NFTs have gained significant popularity as a unique asset class. Evaluating the rarity of NFTs is crucial for collectors and investors alike. By considering factors such as total supply, number of top developers, and price, individuals can gain insights into an NFT’s rarity and potential value. NFT rarity ranking is an essential tool for assessing an NFT’s rarity and making informed investment decisions. The top NFT rarity tools, such as those offered by OpenSea, DappRaddar, Rarity.Tools, NonFungible, NFT Stats, Rarity Sniper, NFTGO, LOOKSRARE, Etherscan, and HowRare, provide valuable insights into an NFT’s rarity. By utilizing these tools and conducting thorough research, collectors and investors can identify rare and valuable NFTs for their collections or investments.
So, if you’re interested in exploring the world of NFTs and their rarity, make sure to utilize these tools to make informed decisions and discover valuable assets.
