How to Use Rarity.Tools to Find the Rarest NFTs

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Non-fungible tokens (NFTs) are extremely valuable; however, it can be difficult to determine which ones have the most potential. Rarity.tools is one of the best NFT rarity discovery tools, arguably the most popular which is also free. It features an easy to understand user interface and has all the data you need to make smart decisions about your NFT assets.


With that in mind, here’s everything you need to know about NFT rarity and how to use Rarity.tools to find an NFT’s rarity and set up alerts for the rarest NFTs.


What is NFT rarity?

NFT rarity measures the number of rare and unique NFTs in a particular collection, their supply and demand at any given time. The rarest NFTs are those that are both rare and in high demand. In most cases, these rare NFTs will increase in value as more people want them.

This is why it is essential to know the rarity of an NFT before selling or investing in an NFT.

Rarity.tools is one of the most popular tools that categorize generative art and collectible NFTs based on their rarity. It offers a clear and logical assessment of the rarity of specific collectible NFTs and can be used to determine how rare NFTs are. Using this information, NFT collectors can assess and compare the relative value of individual NFTs.

You can filter NFTs on Rarity.tools based on top collections, total sales volume, average price, and number of owners. Plus, you can use it to learn about top collections, like Flyfish Club and Bored Ape Yacht Club, and upcoming projects. Rarity.tools features a clean and attractive interface that makes it easy to determine NFT rarity.

There are several methods to calculate the rarity of an NFT, and each gives a different score.

Some methods use the average rarity of each trait expressed by an NFT to calculate the overall rarity. Other methods ignore the rarity of all other traits and consider the rarest trait. Some people multiply all the rarity values ​​of the traits listed in a combined NFT.

Ultimately, different methods produce different results and incomplete assessments. For example, some methods overestimate the rarity of each item in the collection while neglecting the extraordinary rarity of certain outlier traits. Others give the inaccurate impression by focusing on an NFT’s rarest trait and downplaying the importance of other rare traits.

Rarity.tools Rarity score of a trait value

This calculation is obtained using this formula:

1 ÷ ([Number of Items with That Trait Value]/[Total Number of Items in Collection])

The best NFT markets use this basic equation as a gold standard because it consistently delivers the same results.

Trait Rarity Ranking

This method does not compare the overall rarity of the item but the rarest trait of each NFT to the entire collection. NFT traits are features or characteristics that make the NFT unique, such as props, backgrounds, properties, etc.

Average Trait Rarity

This method considers the overall rarity of NFT traits but does not consider any rare NFT traits. For this reason, a single trait of the NFT could be diminished by other traits.

For example, consider an NFT with three traits with probabilities of 5%, 15%, and 25%. This NFT will have an average trait rarity of (5+15+25)/3=15%.

This example shows how the relative prevalence of the other two traits dwarfs the first trait, which has a rarity of 5%.

Statistical rarity

It determines the overall rarity by multiplying all the rarities of the traits together. Therefore, based on the previous example, the overall NFT scarcity would be (5% × 15% × 25%) = 18.75%.

You may have received an NFT Mint in a Generative Collectibles drop and are curious to see how rare it is.

Let’s say you’ve crafted a Chimpers #2565 collectible and you’d like to see how rare it is. Here’s how you can check:

  1. Navigate to Rarity.tools. Hover over All Collections, then use the search box to find Chimpers project.
  2. You can search for your Chimpers using the IDENTIFIER, Listing type (buy it now or auction), Price (Min. to Max ETH)and Rarity Ranks (Min to Max Rank Numbers) in the left sidebar of the resulting data dashboard.
  3. If you want to know what your character is made of in this hypothetical scenario, enter 2565 in the ID search box and click Look for. Then a pop-up window will appear, similar to the one below.
  4. As shown in the picture above, Chimpers 2565 has a rarity rank of #18. Of the 5555 chimpanzees, the site currently ranks this NFT as the 18th rarest in its series. With additional data, expect these numbers to change.
  5. You can see how the NFT rarity score, now +2208 for Chimpers #2565, was calculated in the image above. Rarity.tools also displays, via OpenSea, the highest price floors available for a specific period for a given NFT trait.

Besides Rarity.tools, there are other tools you can use to calculate NFT rarity. These rarity tools each have their own method of calculating an NFT’s rarity score.

1.OpenSea

OpenSea is a great tool for determining the rarity of your NFTs based on the number of copies in circulation. It is also easy to use; type in the name or ID of an NFT, and it will return how many copies exist, how many are sold, what percentage of all transactions they represent, etc.

All of this information helps you better understand whether you should buy a certain item at its current price, whether you should wait until after it peaks, or whether it would be better to sell certain items before they lose value. value.

2. Sniper

With features like mass bidding, advanced auto-sniping, and instant leaderboards, Trait Sniper is openly aimed at “expert traders”. NFT pinball machines rush to get the best deals, which they immediately re-list at a higher price in hopes of making a quick profit after Trait Sniper scans a collection and displays the coins in ranked order.

The free and premium versions of Trait Sniper offer different levels of monitoring access. For example, purchasing an Alpha Sniper Pass gives you access to an instant notice of newly unveiled NFT collections and their rarity scores, compared to an hour wait for free users. It’s only worth using Trait Sniper if you’re willing to pay, among other reasons.

3. Icy Tools

Icy.tools is a service with several excellent analysis tools launched amidst the boom in the NFT industry. You can easily find trending projects on the platform and keep an eye on price floors, volume and other information.

On the Icy.tools platform, many tools are free, and you can unlock premium features for a fairly low monthly fee. NFT maximalists prefer the company because it has a voice that aligns strongly with the values ​​of the NFT community.

4. RaritySniffer

Similar to Traitsniper, RaritySniffer offers the most recent rankings of new NFT projects based on their rarity. Moreover, the platform only displays sniffed projects for free users and provides information about the newest NFT collections.

Users should subscribe to the Discord channel to get more analysis on potentially rare NFTs. This provides unique access to the rarity status of freshly minted NFTs that have been flavored before being released to the general public.

Why Scarcity Matters for NFTs

Rarity is an important factor when determining the value of any NFT. NFT rarity tools allow you to get the most accurate rarity estimate possible. Plus, they make it easier to get the best price on a given NFT if it turns out to have a lower rarity than you originally thought.

So if you like collecting rare items or want to make sure your NFTs have the best value before you put them up for sale, you should consider using one of these tools. They’ll take the guesswork out of how rare NFTs are so you can buy or sell digital assets with confidence.

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