NFT Scoring – What is NFT Rarity Checker?

An NFT rarity checker allows you to check the relative rarity of an NFT in the context of the NFT collection it belongs to. For example, you can use an NFT rarity checker tool to find out how rare the properties of a specific CryptoPunk are compared to all the other NFTs in the CryptoPunks collection.

NFTs are unique digital assets that can represent unique objects such as digital collectibles, art, video game items, or even real-world objects. These digital assets carry unique metadata and provide a simple technology to prove the authenticity of something. There are tens of thousands of NFT collections that serve different purposes, and users store their NFTs in NFT wallets such as the Enjin wallet. Users can choose from Ethereum NFT, Solana NFT, Polygon NFT and many other blockchain platforms.

In this industry, which is growing and reaching a huge user base, some NFTs are much more valuable than others and can be sold for millions of dollars. Before buying an NFT, investors look for answers to questions such as what determines the value of the NFT and how to check the NFT rarity ranking. In this content, we will provide various suggestions on how to check an NFT’s rarity score and briefly introduce the platforms that serve in this area.

What are NFT Rarity Points?

One of the most important factors to consider when evaluating an NFT is rarity. NFT rarity refers to how unique the NFT is among all NFTs in the collection. Generally speaking, NFTs with higher rarity will command a higher price in the market, but it is important to understand that there must be demand for the NFT collection the NFT belongs to – rarity in itself is not a guarantee that an NFT is desirable.

NFTs with rare features sell for a higher price and can offer their owners benefits not found in other NFTs. Owning a high rarity NFT also comes with some bragging rights, which some people will value more than others.

What are the most popular sites for NFT rarity checks?

Determining the rarity of an NFT is simplified with dedicated online tools, which we’ll explore in a little more detail below. These sites use three basic methods when calculating NFT rarity. Three different calculation methods, Average Trait Rarity, Trait Rarity Ranking and Statistical Rarity, calculate how rare the NFT’s traits are compared to all the NFTs in the collection.

The three most popular NFT scoring and rarity checking service websites are Rarity Sniper, rarity.tools and Rarity Sniffer.

Rarity Sniper

Rarity Sniper is a project that started with a few developers creating a simple tool for NFT sniping. Later, when the Discord servers reached more than 250 thousand users, the tool was further developed and a public NFT rarity tool was released. The site is able to sort NFTs in their collection of over 1000 NFTs by rarity.

There are many features on the website such as upcoming NFT releases, the ability to search collections by property, collection statistics, new NFT collections. Rarity Sniper has also added a Buy Now button for NFTs in OpenSea.

rarity.tools

Rarity.tools is a platform that can sort collectibles by rarity. This platform, which can be used to determine the rarity of any NFT in the collection, allows us to compare NFTs to each other.

A rarity score is given for each feature in NFT in rarity.tools. When the rarity scores for all traits are added together, the NFT reaches a final NFT score, and the rarity scores of all NFTs in the collection are ranked from highest to lowest. Rarity.tools has a custom scoring system for each collection. The flagship of the platform is Top Bottom Matching.

Rarity Sniffer

The Rarity Sniffer is one of the first NFT rarity checkers to be released. Rarity Sniffer supports new collections almost every day, and has added collections to its homepage, making it easier to look for rarity.

More than 10,000 collections are listed on Rarity Sniffer as of November 2022. If you want to check NFT rarity but can’t find a site that supports the collection, you should definitely check out Rarity Sniffer. The trending NFT platform claims to have the largest archive of NFT collections on the web.

How to check NFT rarity?

Rarity checker NFT tools usually calculate rarity according to the Rarity Score approach. Rarity checkers, which calculate the characteristics and density of all NFTs in a collection with an advanced algorithm, give each NFT a reliable rarity score. There can be more than 1000 times price difference between two NFTs in a collection. That’s why before you buy an NFT, it’s a good idea to check how much it should cost with a tool like rarity.tools.

Let’s learn about the rarity of an NFT in CryptoPunk’s NFT collection by visiting the rarity.tools website. This step-by-step guide will give you a better understanding of how the NFT scoring and ranking process works.

When we enter the website, we can see the section All collections by scrolling down a little. Here we can sort the NFT collections according to 10 different filtering methods, and see the statistics of the collection by searching for project name. I choose the CryptoPunks collection.

When we enter the collection page, there are options in the left navigation bar that allow us to create detailed filters. In the middle part, we can change the ranking method and decide for ourselves how to rank the NFTs. We can also adapt applied weightings. The common methods of NFT rarity control are rarity score, trait rarity, statistical rarity, and average rarity.

To measure the rarity score of the albino female CryptoPunk #9876 with hat and pink hair, purple lipstick and eyepatch, I enter the NFT ID in the left navigation bar.

NFT got 178.09 with rarity.tools v2 measurements. This makes the NFT the 818th rarest NFT in the collection. When I do the same measurement with the rarity.tools v1 method, the NFT is the 798th NFT at its rarest. Considering there are 10,000 NFTs in the collection, 818 is not a bad rank.

In the interface we can also see the point type value of the collection and many useful charts.

Final thoughts

There are many different tools that let us know how rare an NFT is before we buy an NFT. All rarity tools and calculation methods are useful and can prevent you from overpaying for an NFT. Rarity.tools has become the most popular NFT scoring tool thanks to its filtering and statistics functions.

You can use these tools to find rare NFTs that can be bought for a good price. Each of these tools is free, which can come in handy on your next gem NFT hunt. Once you find the right analytics tools and know how to use them, you can start making more profitable investments.