What is NFT Rarity and How to Calculate It

Non-fungible tokens (NFTs) are unique digital assets built on blockchain technology, most commonly Ethereum. They have seen a surge in popularity because they allow digital artists, musicians, and creators to monetize their work in previously impossible ways. A rarity in the context of NFTs refers to how uncommon or unique certain traits or attributes of a particular NFT are compared to others in the same collection. The rarity of an NFT can significantly influence its value and desirability. Attributes and…