OpenSea, the largest NFT marketplace, has integrated a scarcity ranking tool into its platform, enabling buyers to evaluate the rarity of specific non-fungible tokens (NFTs).
In light of the daily influx of new NFTs, NFT collectors may have a difficult time spotting rare NFTs. This outlines the action taken by OpenSea. The newly created tool, OpenRarity, would assign rarity rankings based on NFT attributes by using the OpenRarity standard—an open, transparent, and reproducible standard for rarity rankings across the NFT industry.
The OpenRarity technology will not be applied to every collection automatically; instead, creators will be given the choice of whether to show OpenRarity rarity rankings for their collection.
Cool Cats, Pudgy Penguins, and Moonbirds are some of the first creators to move to OpenRarity, as indicated in one of OpenSea’s tweets.
1/ Today we are launching @OpenRarity on OpenSea! We’re starting with the wonderful @coolcatsnft @pudgypenguins and @moonbirds teams, who have opted their collections into OpenRarity – go check them out! 💙👇 pic.twitter.com/BzXK0PeQHZ— OpenSea (@opensea) September 21, 2022
NFT collectors will be able to set up filters while researching and choose the rarity rank, from 1 to 100, as well as sort by Most rare using the menu at the top of the page.