Solana Rarity – How to check the rarity of Solana NFT?

Checking the rarity of a Solana NFT is a very simple process – you can use one of several Solana NFT rarity tools designed to determine how rare, or common, a particular digital collectible is.

The NFT industry has become one of the most lucrative industries since the introduction of blockchain and Web3 to the digital space. NFTs refer to non-fungible tokens – these are blockchain-based digital tokens linked to a specific digital or physical asset. Each token is distinct because it has special metadata that cannot be copied or changed, making it unique in every aspect.

What is an NFT and how does it work? Non-fungible tokens explained

Solana (SOL) is a public open source blockchain. It is designed to host a large variety of scalable decentralized apps (dApps). Solana supports smart contracts just like the majority of other widely used blockchains in the world. This is very useful as smart contracts are used to trade and mint NFTs, assign ownership, give users access to digital assets stored in NFTs, and perform other functions.

What does NFT rarity mean?

NFT rarity refers to how rare a particular collectible or NFT is based on specific criteria and qualities. Physical characteristics of NFT, such as design, shape/structure, costume, etc., as well as arbitrary factors, such as the reputation or profile of the artist or project, are examples of these characteristics.

A certain design can distinguish an NFT from the others, but this does not completely determine the rarity of such an NFT. For this reason, it can be challenging to understand what makes an NFT truly distinctive (rare), given the large variety and many possible combinations found in a collection.

An extremely rare quality found in a small number of unique pieces is easy to identify, but determining an NFT’s genuine uniqueness can be very difficult when considering all of its rare and common characteristics.

Each item in a collection of NFTs can be given a numerical rarity score, which establishes the relative scarcity of each NFT according to how rare and uncommon its component features are when combined.

What are the most popular Solana NFT collections?

When it comes to decentralized finance and non-fungible tokens (NFT), Solana is already among the most widely used blockchains in the DeFi world. Interest in Solana NFTs has increased rapidly in 2022, and its native token, SOL, is currently the ninth most valuable cryptocurrency by market cap.

Here are the top three Solana NFTs by trading volume:

• DeGods
• Okay Bears
• Blocksmith Labs

DeGods

DeGod’s Solana NFT is one of the most successful non-fungible tokens on the Solana blockchain project. The DeGods are a collection of misfits, punks and degenerates who are gods of their own universe and metaverse, integrated with the Dust protocol.

This NFT was minted on October 8, 2021. Users can purchase DeGod’s NFT on these platforms: Magic Eden, Alpha Art, Solanart and OpenSea. Users can also stake their DeGods NFT on a dedicated betting platform.

Okay Bears

The Okay Bears collection consists of 10,000 algorithmically created bears and is a profile picture (PFP) NFT established on the Solana blockchain.

Ok Bear’s NFTs offer benefits such as access to exclusive products and live events like most NFT initiatives in the industry.

One of the first high-profile NFT projects at Solana is Okay Bears. The project is the first and only one to date to exceed SOL 1,880,000 in trade volume. In addition, Okay Bears is the first and only Solana NFT collection to be ranked highest on OpenSea.

Right now the two primary platforms for trading Okay Bears NFTs are OpenSea and Magic Eden. OpenSea has the advantage of being the largest and simplest NFT marketplace; therefore, as a beginner, it is advisable to use this platform.

Blocksmith Labs

Blocksmith Labs aims to benefit holders while solving actual problems on Solana. With its group of experienced engineers, the project aims to build a community of builders.

Blocksmith Labs NFT holders can generate the FORGE token. The token will serve as the ecosystem’s currency and is used to purchase whitelist positions from the projects that have joined Mercury.

The Pro edition of Solfolio will also be available through NFTs. Owners of three NFTs will get free access to the Selling/Listing Bots service, allowing projects to easily set up selling and listing bots for the community.

How to check the rarity of Solana NFT?

There are a number of factors used to evaluate the rarity of NFTs on the Solana blockchain. The amount of identical NFTs produced in a collection can affect the rarity of an NFT. An NFT can be considered rare if it is only available from a single creator, developer or organization and is also limited in availability.

Also, an NFT with unique applications, such as benefits to its owners, may be worth more than one that merely serves as a representation of a digital artwork.

Knowing an NFT’s rarity score and rarity ranking is crucial for all NFT investors, as rarity is one of the most crucial components of any generative NFT collection.

NFT Collections typically have 6-8 properties, and hundreds of possibilities can be created using just these properties. An NFT’s rarity in a collection is based on the traits and characteristics it has and how common or uncommon they are.

Each trait is given a score based on how rare it is. The higher the score, the higher the rarity of the NFT. A rarity score is then calculated using that sum. To calculate the NFT’s rarity rank, the final rarity score is compared to the other items in the current NFT collection.

NFT rarity tool

Various NFT rarity tools can be used to calculate an NFT’s rarity score to determine how rare a Solana NFT is compared to others.

Some of these include:

A step-by-step guide: How to check the rarity of a Solana NFT using HowRare?

Here’s how to check the rarity of a Solana NFT using the HowRare service. We have used the DeGods collection in the step by step guide.

Step 1 – Select Solana from the list of available networks and search for DeGods

Select “Solana” from the drop-down list of supported networks on HowRare. Next, select the NFT collection you want to check. In this guide, we use the DeGods collection.

Step 2 – Find out what makes a particular NFT rare

After opening the NFT collection, search for a specific item to check its rarity. HowRare, or any other NFT rarity checking tool for that matter, lists various attributes that determine the rarity of a particular NFT item.

It is worth noting that the process of determining the rarity of a single NFT is very similar regardless of which pool or blockchain is used.

Conclusion

Due to the rarity of certain NFTs, some NFTs from the Solana Collection can cost hundreds of thousands of dollars, while others from the same collection can cost much less. Moreover, it is of utmost importance for NFT collectors and fans to acquire rare NFTs for their collection.

Learning how to use rarity checking tools is important if you are thinking about investing in Solana NFTs. Keeping up with NFT news is essential, as is learning as much as you can about Solana rarity and NFTs.

If you’re looking for a blockchain wallet to safely stash away your precious collectibles, check out our list of the best NFT wallets in 2022.