OpenSea Implements NFT Rarity Tool

The new tool is called OpenRarity. It will allow users of the trading platform to learn about the rarity of a particular NFT.

The first projects on OpenRarity were the popular Pudgy Penguins, Cool Cats, and Moonbirds collections. These projects have less than 1% of rare features, such as a head pillow case for the Pudgy Penguins or a robot face for the Cool Cats. 

By introducing a new tool, OpenSea removes the uncertainty about how rare some NFTs are. Now site users do not need to leave OpenSea to use third-party tools to determine the rarity of NFTs. 

The rarity of an NFT is now one of the first pieces of information a potential buyer sees when viewing an NFT – even before the NFT’s purchase history or who currently owns it. 

Previously, the marketplace displayed some characteristics of NFT rarity before the introduction of OpenRarity. For example, in the case of Moonbirds #520, users can see that 3% of the owls in the 10,000 NFT collection also have Lincoln hats. 

In addition to adding rarity data, OpenSea has made changes to its platform, such as improving the way it handles airdrops, adding a more prominent description of the creator reward after the NFT royalty debate, and sharing a message that it plans to support proof-of-stake exclusively. NFT is based on Ethereum. 

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