Checking a Solana NFT’s rarity is a very straightforward process – you can use one of several rarity tools for Solana NFTs that are designed to determine how rare, or common, a certain 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 connected to a particular digital or physical asset. Each token is distinct because it possesses special metadata that cannot be copied or altered, making it unique in all aspects.
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 house a huge selection 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 since smart contracts are used to trade and mint NFTs, assign ownership, grant users access to digital assets stored within the NFT, and perform other functions.
NFT rarity refers to how rare a particular collectible or NFT is based on specific criteria and qualities. Physical characteristics of the NFT, such as design, shape/structure, costume, etc., as well as arbitrary factors, like the artist’s or project’s reputation or profile, are examples of these qualities.
A particular design may set an NFT apart from the others, but this does not totally determine the rarity of such an NFT. For this reason, it can be challenging to properly understand what makes an NFT really distinctive (rare), given the wide variety and many possible combinations found within a collection.
An extremely rare quality that is present in a small number of unique pieces is simple to identify, but determining an NFT’s genuine uniqueness when considering all its rare and common traits can be very difficult.
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.
When it comes to decentralized finance and non-fungible tokens (NFTs), Solana is already among the most widely used blockchains in the world of DeFi. Interest in Solana NFTs has risen quickly 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:
The DeGods Solana NFT is one of the most successful non-fungible tokens on the Solana blockchain project. DeGods is a collection of misfits, punks, and degenerates who are Gods of their own universe and metaverse, which is integrated with the Dust protocol.
This NFT was minted on 8th October 2021. Users can buy the DeGods NFT on these platforms: Magic Eden, Alpha Art, Solanart, and OpenSea. Also, users can stake their DeGods NFT on a dedicated staking platform.
The Okay Bears collection consists of 10,000 algorithmically created bears and is a profile picture (PFP) NFT established on the Solana blockchain.
Okay Bears NFTs offer benefits like access to exclusive products and live events like most NFT initiatives in the industry.
One of the first high-profile NFT projects on Solana is the Okay Bears. The project is the first and only one to date to surpass 1,880,000 SOL in trading volume. Additionally, 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 biggest and simplest NFT marketplace; therefore, as a beginner, it is advisable to use this platform.
Blocksmith Labs aims to provide holders with utility while resolving actual issues on Solana. With its group of experienced engineers, the project aims to build a community of builders.
NFT holders of Blocksmith Labs can generate the FORGE token. The token will serve as the ecosystem’s currency and be used to purchase whitelist positions from the projects that have joined Mercury.
The pro edition of Solfolio will also be accessible through NFTs. Owners of three NFTs will receive free access to the sales/listing bots service, enabling projects to set up sales and listing bots for their community easily.
There are a variety of factors that are used to evaluate the rarity of NFTs on the Solana blockchain. The amount of identical NFTs produced in a collection may impact the rarity of an NFT. An NFT could be regarded as rare if it is only available from a single creator, developer, or organization and is also in limited supply.
Also, an NFT with unique applications, such as benefits for its owners, may be worth more than one that merely serves as a representation of a work of digital art.
Knowing an NFT’s rarity score and rarity rank 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 traits, and hundreds of possibilities can be created using just those traits. An NFT’s rarity within a collection is based on the characteristics and attributes it holds and how common or unusual they are.
Each trait receives a score based on how rare it is. The higher the score, signifies the higher the rarity of the NFT. Then a rarity score is calculated using that sum. To calculate the NFT’s rarity ranking, the final rarity score is compared to those of the other items in that particular NFT collection.
Various NFT rarity tools can be used to calculate an NFTs rarity score to determine how rare a Solana NFT is compared to others.
Some of these include:
Here’s how you can check the rarity of a Solana NFT using the HowRare service. We’ve used the DeGods collection for the purposes of the step-by-step guide.
Select “Solana” from the drop-down list of supported networks on HowRare. After that, select the NFT collection you want to check. For the purposes of this guide, we’ll be using the DeGods collection.
After opening the NFT collection, search for a particular item to check its rarity. HowRare, or any other NFT rarity checking tool for that matter, shows different 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 no matter which collection or blockchain is used.
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, acquiring rare NFTs for one’s collection is of utmost importance to NFT collectors and fans.
Learning how to use rarity-checking tools is essential if you’re thinking about investing in Solana NFTs. Keeping up with NFT news is crucial, as is learning as much as you can about Solana rarity and NFTs.
If you are looking for a blockchain wallet to safely tuck away your precious collectibles, take a look at our list of best NFT wallets in 2022.
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