In this article, you will learn how to check the rarity of NFT. As people are becoming part of the NFT community and trying to own many valuable NFTs in their portfolio, the value of an NFT depends on many factors and rarity is one of them.
How to Check the Rarity of NFT
What makes these digital assets valuable is a combination of historical significance, technological innovation, art, cultural relevance, and rarity.
When you own an NFT from a collection which has similar characters as yours, you can check the rank of your NFT. The higher the rank, the possibility of your NFT's value gets higher.
NFT's value is decided by factors like Rarity, Utility, Tangibility, Interoperability, Social proof, Ownership history, Speculation, Liquidity premium and Continual change in the NFT ecosystem.
There's also a significant value difference between assets in certain projects, which is largely attributed to the rarity of those assets.
Tools to Check the Rarity of NFT
Rarity Tools
Rarity Tools is the most well-known website for checking an NFT's rarity. Not all projects are on the website, but many are. Simply search for the project and the NFT's ID number (ex: CryptoPunk #5522). You'll be able to check the NFT's rarity rank and details of its traits, as well as other information about the project such as total sales volume and average prices.
Rarity Sniper
Rarity Sniper also has a large list of NFT collections across a few blockchains. In addition to using the website, you can also use their Discord channel to check the rarity of your NFT. To check an NFT's rarity on Discord, you'll need to use the bot command, which you can find in the channel. After entering the NFT's details in the bot command, you'll get an instant reply in the channel showing the NFT and its rarity ranking and other details.
NFT Stats
NFT Stats is a great platform for getting an overview of the NFT market. It shows which NFTs are selling, which are not, trading volume in the last 24 hours, the latest record NFT sales, and more. There's also an NFT Rarity Explorer tool for filtering NFT collections and discovering rare NFTs. It shows a rarity score based on the rarity of the NFT's traits.
Traitsniper
Traitsniper works a bit differently from the other NFT rarity tools, as it only shows NFT collections that have just been revealed or are about to be revealed. However, it is a great tool for checking details such as the floor price, royalties, and where to find the project (such as Discord, OpenSea, etc). There are both paid and free versions, with the paid one offering extra perks and more information.
How Rare.is
HowRare.is is an exclusive platform for Solana NFT collections. It works like the other rarity checking platforms; simply search the NFT collection you're interested in and then enter the ID of the NFT you want to buy to find out how rare it is . The website also lists other details such as upcoming drops and details of the latest sales.
Bottom Line
Rarity checking is important because if you know the rarity of your NFT or the NFT you are going to buy, you will be able to bid the appropriate price for both buying and selling. So, how to check the rarity of NFT is a must to know.
