NFT rarity is an extremely important factor when evaluating an NFT’s potential to make you a profit. As the NFT wave sweeps the digital world, there is one question that investors ask frequently—how to check the rarity of an NFT? In this guide, we’ll show you how to calculate NFT rarity, compare NFT traits, and use the best NFT rarity tools for finding hidden gems.
But first of all, what determines an NFT’s value? Why do some NFTs sell for millions of dollars while some others—sometimes, even from the same collection—sell for much less? The answer to both questions is rarity.
What is NFT rarity?
Put simply, NFT rarity decides how rare an NFT is and in turn, how valuable it is. Rare NFTs are most highly sought after by collectors, which pushes their prices up. This is why people want to know how rare an NFT in their collection is or whether the one they are planning to buy is a rare piece. Often, the rarest NFTs have the rarest traits, but they can also be rare for other reasons, like a lack of traits altogether.
How is NFT Rarity Calculated?
Now, what exactly makes an NFT rare? Firstly, a 1/1 NFT from an acclaimed crypto artist like Fewocious will always be rare. NFTs from celebrities like Paris Hilton, who don’t often release art, can also be great choices. However, when it comes to NFT collections with hundreds of NFTs, it’s the rarity of each trait within an NFT that decides its overall rarity.
Take hit NFT collectibles, CryptoPunks for example. The collection consists of 10,000 NFTs divided into five different ‘Punk types’. While ‘Alien’, with only nine in supply, is the rarest type, ‘Male’, is the least rare type with 6039 NFTs in all. Then, each type comes with different attributes or traits with varying rarities.
For instance, ‘Beanie’ and ‘Choker’ are extremely rare attributes with only 44 and 48 Punks featuring them, respectively. On the other hand, traits like ‘earring’ and ‘cigarette’ are more common.
If you’re wondering: What combination of rare traits makes an NFT rare? How do you find the overall rarity of a single NFT? How rare is one NFT compared to another? Don’t worry—we have you covered.
How To Check The Rarity Of An NFT
There are several methods to calculate the overall rarity of a single NFT. This includes calculating the rarity based on the rarest trait, taking the average rarity of traits, or statistically assessing rarities. But all these methods focus on the overall traits of an NFT rather than a single trait.
What is a Rarity Score?
Rarity Tools came up with a method called a “rarity score”. They stated in a Medium post that, “The total Rarity Score for an NFT is the sum of the Rarity Score of all of its trait values.”
The formula to calculate the Rarity Score of a trait value is as follows:
Rarity Score for a Trait Value = 1 / ([Number of Items with that Trait Value] / [Total Number of Items in Collection])
Here, the score takes into account the single trait of an NFT as well as the overall trait rarities. Hence, Rarity Score has now become the standard for NFT rarity ranking for many sites.
How To Choose The Best NFT Rarity Service
Obviously, no one would really want to do all that math themselves to find the rarity of every single NFT they want. Plus, you should always do your due diligence.
Here are several great investment tools that will help you find the rarity score in just a few clicks.
Rarity Tools is the most popular tool to find out how rare an NFT is. It ranks NFTs by the rarity of their traits in real time. Here, you can filter NFTs by average price, total sales volume, owner count, and top collections. Moreover, you can use rarity tools to find out about both existing top collections like BAYC and CryptoPunks as well as upcoming projects. Besides, the rarity.tools website has a simple and attractive interface that makes finding NFT rarity a piece of cake!
How to view Rarities on Rarity.Tools
To view the rarities of a collection, simply go to that particular collection’s page on rarity tools. Here, you’ll see each NFT with a corresponding card that details all its attributes as well as its Rarity Score. Alternatively, you can check the Rarity Score of an NFT you own by inserting the ID of your NFT under the “project section”. Then, click “Lookup” and you can see all the properties and Rarity Score of your NFT.
The higher the Rarity Score, the higher will be the NFT rarity. For example, CryptoPunk #8348, which is ranked one on the site, has a Rarity Score of 10342.68. On the other hand, 2329.18 is the score of CryptoPunk #7804, with a Rarity Rank #2. While the tool is free to use, NFT projects have to pay 2 ETH to get listed on the platform.
2. Rarity Sniper
Rarity Sniper is another popular tool to find the rarity of NFTs. It features a total of 774 collections across Ethereum, Solana, and more. It has an extremely attractive and user-friendly interface where you can see rarity rank, score, and all the traits.
Rarity Sniper Discord Bot
Rarity Sniper also has a 400,000-strong Discord channel. Here, you can use their simple bot commands to get rarity info on a specific NFT’s rarity, or even just gas and floor prices.
Rarity Sniper Bot will instantly reply as shown in the picture below! Clearly, this is a simple means to find the rarity of NFTs. However, you’ll only be able to find the rarity of collections supported by Rarity Sniper.
If you are looking to compare NFT rarity via traits try Traitsniper. The tool focuses on current and upcoming projects. Every time a project is revealed, the Traitsniper bot takes under 2 minutes to analyse the rarity of the NFTs. There are both free and paid versions, where the latter offers benefits such as real-time notifications of new reveals and their score.
Unlike the websites we discussed above, Traitsniper’s site is a bit cluttered and can be difficult to navigate for a first-time user. Nonetheless, once you get a hang of it, you can select a specific NFT to see its Rarity Score, Rarity Rank, OpenSea Price, and OpenSea Highest Offer. You can also see the individual traits with their corresponding rarity score.
4. Rarity Sniffer
Just like Traitsniper, if you want to know the rarity of the latest NFT drops, then Rarity Sniffer is your answer. The website claims to provide “the fastest and most proven results seconds after reveal”. As a result, you can only find the details of the most recently dropped NFT projects. In addition, you can know all about upcoming NFT drops. So far, Rarity Sniffer has listed over 10,000 NFT collections on its page.
Besides, Rarity Sniffer has set up a Discord server where you can get additional analysis on rare NFTs. In other words, you may sometimes get access to the rarity status of a new NFT before the details have been made public. The server can also notify you of upcoming reveals.
5. Solana NFT Rarity On ‘How Rare is’
If you want to know the rarity of just Solana NFTs, then HowRare.is is the best option. The website has listed 255 Solana NFT collections on the basis of the floor price, the number of items and holders, whether the NFTs are on sale, and more. As with Rarity Tools, within each collection, you can find NFTs based on their rarity. Under each NFT, you can find their rarity rank, rarity score, and attribute details. There is also a sales history section where you can find the details of recent sales.
Additionally, you can find the rarity of the NFT you own using the asset ID. If you are looking for details on upcoming Solana collections, that’s also available here. However, these are not verified by HowRare.is, so make sure to do your own research before taking any investment decisions.
6. Etherscan Token Tracker
Etherscan has established itself as the go-to analytics platform for the Ethereum Blockchain. That said, Etherscan also works as a great token tracker, including for ERC-721 tokens—the token standard for NFTs.
Here’s how it works—simply click “ERC721 Top Tokens” under the “Tokens” tab. This will open up the “Non-Fungible Token Tracker”, where you can find the details of all the top NFT collections. Within each collection, you can find details on minting, transfers, prices, and more. In fact, several existing rarity tools use Etherscan’s data analysis to offer further breakdown.
7. Use DappRadar to Monitor NFT performance
A data acquisition and analysis company, DappRadar tracks thousands of dApps across blockchains. For the past several years, DappRadar has been the go-to place to monitor the performance of NFT collections. Their ranking tables, which rank NFTs based on a number of factors, such as total sales, traders, and volume, are a great means to keep up with the latest market trends.
Further, in 2020, the site added an NFT portfolio tracker to easily track Ethereum wallets. Here, you can simply enter your Ethereum wallet address or the ENS name to know the details of all your ETH and NFTs in real time. You can also know what your NFTs are worth at all times. Using the same method, you can also track the wallet activity of NFT whales.
8. NFTGo – An All-in-one NFT Analytics Platform
NFTGo is another useful NFT analytics platform. Here, you can find NFT alpha based on ranking, rarity, whale tracking, drops, and much more. At the time of writing, NFTGo has listed 2,387 NFT collections and aggregated data from over 15 NFT marketplaces.
For finding NFT rarity specifically, NFTGo has a dedicated rarity section. You simply have to search for the required collection to learn each NFT’s rarity score, rarity rank, top rarity, and last price, among others. Besides, the site offers detailed, real-time market analytics.
In addition, you can track 1493 whale wallets to see what they are up to and find the details of upcoming NFT drops. You can also connect your wallet to the site to track your portfolio. In short, NFTGo is a one-stop solution for all NFT related analysis and rankings. The site is easy to navigate and has a pleasing user interface.
9. Nansen AI Blockchain Analytics Platform
NFTs, obviously, are an investment. Therefore, the more up to date you are with market trends, the better will be the decisions you make. This is where Nansen AI, a blockchain analytics platform can help. The platform is a good choice to discover new investment opportunities, perform due diligence, and protecting your portfolios with real-time dashboards and alerts.
Firstly, it offers an NFT wallet analysis tool using which you can see real-time data on some of the most profitable NFT wallets in the market. By setting up custom alerts, you will easily know when and where a wallet has been moving its funds.
You can also use the platform to discover new tokens and the hottest NFT collections in the space. Actually, the platform offers an in-depth analysis of over 25,000 projects. Besides, you can see who is investing where, and track all the transactions. All this research can help you in managing your portfolio better.
10. About Icy.Tools
Icy.Tools is another useful tool to track the information of some of the most trending NFT collections. The platform ranks the collections based on their floor price, sales volume, average price, volume, market cap, and seven-day volume. Premium users can even get the rankings for the last 1, 5, 15, and 30 minutes.
Icy Tools is an easy-to-use platform that gives in-depth detail on each collection. Under each NFT, you can find information such as the rarity of each trait, recent transactions, and current price. However, to enjoy most of the features, you need to authenticate your account by connecting your wallet. Additionally, premium users get added features such as NFT history and price charts.
11. Keep it real, Using OpenSea Rankings
OpenSea is the largest and most popular NFT marketplace. Along with facilitating NFT sales, it also shows some NFT rarity stats. While you can see the traits and their rarity for each NFT, you can’t see its overall rarity rank or rarity score. However, it can be handy to use OpenSea ranking and activity data along with any of the aforementioned NFT Rarity Tools.
NFT marketplace OpenSea also shows NFT rankings based on volume, floor price, and more. Credits: OpenSea
12. LooksRare Rankings
Like OpenSea, LooksRare too has a section dedicated to NFT rankings based on floor price, volume, and other statistics. You can also filter the results based on either the highest 24-hour volume change or the highest total volume. Besides, you can choose to see all the collections on the platform or only the verified collections.
Another extremely useful feature is that it shows the rarity rank of each NFT in its corresponding collection. Recently, the marketplace also introduced a new feature showing the floor price of any NFT trait. With this feature, you no longer have to individually analyze different traits within an NFT collection.
In short, LooksRare is an extremely convenient platform for you to find NFT rarity, look at the market trends, and buy the NFTs you want—all in a single place. These added features are also driving NFT enthusiasts to LooksRare instead of OpenSea.
MomentRanks is a popular NFT analytics platform among NFT collectors especially due to its user-friendly features. On the site, you can find NFT collection rankings based on three categories—PFP, Sports, and Gaming. The site even has a marketplace and its own method to calculate the NFT rarity score. In other words, its rarity score is often slightly different from its counterparts.
The platform also has a content page and an NFT podcast that keeps you up-to-date with the latest developments in the NFT space. That said, users have often flagged data inaccuracy issues on the platform. If MomentRanks can solve this, it can easily become one of the top NFT rarity tool and analytics platforms in the market.
RarityMon claims to be the “most accurate NFT rarity tracker available”. Founded by a collective of individuals who love data, cryptocurrency, and NFTs, RarityMon offers both a Discord bot and a website to check NFT rarity. It not only shows the rarity of each attribute but also where the NFT is ranked in the collection.
While RarityMon may not exactly be the “most accurate” NFT rarity tool, one of the main advantages of using the platform is that it supports a range of networks. This includes Ethereum, Solana, Binance, Polygon, and Cardano.
NFTSniff calls itself a “Rarity Sniffer”. Like your typical rarity tools, NFTSniff showcases the rarity of the latest NFT collections. You can also join its Discord to get alerts when a project has high mints or when a project reveals.
This NFT rarity tool is also pretty straightforward and easy to navigate. While currently its features are limited compared to other popular rarity tools, the platform claims it will add more features soon.
In conclusion, there are many tools to check an NFT’s rarity—it just depends on what you prefer! Whether you want to compare traits or find your perfect rare item, these important investment tools are paramount in getting an edge over the competition. If you want to guarantee your success in trading, learn from the experts and get stuck into these great NFT Rarity tools!