OpenSea to Rank NFTs Basis Their Rarity Aiming to Assist Collectors

OpenSea NFT marketplace has enabled a new feature on its site, that will rank NFTs on the basis of their rarity. Named OpenRarity, this feature will enable collectors to find legitimitely rare digital collectibles, that have been drowining in the sea of NFTs out there. OpenRarity will provide verifiable rarity calculations for NFTs using a mathamatical approach for calculations. Rare NFTs will be awarded lower numbers. OpenSea claims to be the world's biggest NFT marketplace that touched the market cap of over $13 billion earier this year.

OpenSea announced the implementation of this protocol to its 1.8 million followers on Twitter.

“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,”the platform wrote in its tweet.

NFT creators will have the control to choose to apply the OpenRarity feature to their pieces.

“OpenRarity is an open collaboration between OpenSea, icy.tools, Curio, and PROOF. On OpenSea, creators have the choice of whether to opt-in to show OpenRarity rarity rankings for their collection,” the platform scris. 

Piața NFT va fi un uriaș de 231 de miliarde de dolari (aproximativ 18,41,300 de milioane de lei) până în 2030 și este o afacere prea mare pentru a fi ignorată, consideră Tarusha Mittal, COO și co-fondatorul UniFarm, într-o conversație cu Gadgets 360. UniFarm este un program de miză cu recompense multi-token.

Owning NFTs has off-late, become a trend. NFTs have been proving to be a lucrative business tool for several big brands also.

Un total de 260 de milioane de dolari (aproximativ 2,074 de milioane de lei) au fost colectate în mod colectiv de mărci de lux de ultimă generație, inclusiv Nike, Gucci, Dolce & Gabbana, cu vânzările pieselor lor NFT.