Why is NFT Rarity Important

May 19

By lourdes


NFTs can represent a wide variety of digital assets, from in-game items and digital artworks to collectibles and even real estate. The key difference between NFTs and other digital assets is that NFTs are unique and cannot be replicated. This makes them perfect for representing scarce or one-of-a-kind items.

The rarity of an NFT is determined by traits. These traits help determine how scarce the traits of a particular NFT is compared to the collection. As a classic example, look at the Bored Ape Yacht Club (BAYC) NFT project. All the artworks feature cartoon-like apes wearing different clothing, having different skin tones, and even expressing different emotions. With these elements combined, you get 10,000 unique NFTs in the same ape family. However, there are special traits in each particular ape that can make it more “rare” than others. These traits determine the value of the NFT and are usually priced higher than the rest of the collection.

So why is the rarity of an NFT is important?

Well, because NFTs with special traits sell for 10x, 20x and even 30x more than what the floor price is. Overall, the rarity of an NFT is important because it helps to ensure that the NFT has value, makes the NFT more collectible, and can make the NFT more exclusive and desirable.

To view the rarity number of your favorite collection click on top sales and select which project you wish to view the rarest NFT.

If you’re interested in learning more about NFTs and what projects best fit your goals and interest, start here:

What Are NFTs 

Do Roadmaps Matter 

How To Buy Your First NFT

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Explore our NFT Beginner’s Guide.