![]() But the supply value is not the only factor that determines the rarity of an NFT. So, one can say that less supply creates more demand and drives the prices of those NFTs very high. This is why their prices are moderately low. They are considered to be the least rare in their entire collection. On the contrary, there are 6,039 ‘Male’ CryptoPunks. This is the rarest NFT in their collection, and their least quantity is the reason behind their high prices. Now, if you look at the supply of every type, there are only 9 ‘Alien’ CryptoPunks available. The entire collection of CryptoPunks consists of 10,000 NFTs divided into five ‘Punk’ types. The best example of this is the CryptoPunks collection. Calculation of NFT RarityĮven if there are thousands of NFTs in a single collection, the rarity and value are not the same. Let us understand the calculation of NFT rarity in detail. ![]() The rarity of an NFT pushes its prices high. This is why people try to know if an NFT they are planning to buy is rare or not. If an NFT is extremely rare, it turns out to be extremely valuable. The answer to these queries is the rarity of an NFT. So, what might be determining the value of these NFTs? You would have seen some NFTs like Nyan Cat being sold for millions of dollars, while some are not even making a few hundred dollars even if they are from the same collection. There are thousands or even more NFTs hitting the market every single day. Now, who determines the rarity of an NFT? Before we get to it, let us first understand about NFT rarity. And if you are looking forward to making profits, you need to collect some rare ones. This is where NFT analysis tools come into play.Īs there is no stop visible in the NFTs market, it is highly recommended to check it out. Well, if you wish to earn something from the NFT market, you need to track the trending NFTs. Now, you might be wondering why to keep track of top trending NFTs or follow the most famous ones. ![]()
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