NFT rarity refers to how unique or scarce a particular non-fungible token (NFT) is compared to others in the same collection
determined by the uncommonness of its traits (like background, clothing, or accessories) and often assigned a numerical rarity score by tools, with rarer NFTs generally commanding higher value.
How NFT Rarity Works
- Traits: Most large NFT collections (like PFP projects) are made up of unique combinations of traits, some common and some extremely rare.
- Scarcity: A trait is rare if it appears in very few NFTs within the collection (e.g., only 1 out of 10,000).
- Combination: Rarity is calculated by combining the scarcity of all an NFT's individual traits, leading to a unique overall rarity score for that specific token.
- Value: The rarer the combination of traits, the more unique the NFT, and the higher its potential market value, as scarcity drives desirability.
Key Factors Influencing Rarity
- Total Collection Size: A smaller collection inherently makes each NFT rarer.
- Trait Frequency: How often specific features (e.g., a certain hat, background color) appear.
- “One-of-Ones”: NFTs with entirely unique traits or features not found in any other piece.
Tools for Checking Rarity
- Specialized websites and tools (like those mentioned by Alchemy, Token Metrics, and NFT Plazas) analyze collections and assign numerical rarity ranks to help users spot the most unique pieces quickly.
