04.11.2022 Views

SHILL Issue 81

Solana ecosystem magazine.

Solana ecosystem magazine.

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

So now let’s take a look at DeGods NFTs #5313 and #6076 again.<br />

• DeGods #5313 average trait rarity = (2.6 + 11 + 4.7 + 4.3 + 55 + 3 + + 54 + 7.3 + 91 + 89)/10<br />

= 32.19%<br />

• DeGods #6076 average trait rarity = (2 + 2.5 + 54 + 1.2 + 5.7 + 3.4 + 2.1 + 4.2 + 91 + 89)<br />

= 25.51%<br />

By using this method, we can see that overall, DeGods #6070 would be considered rarer. And while<br />

comparing these two NFTs, we got the same result of which NFTs of this collection are the rarest, it’s<br />

not always the case.<br />

The weakness of this method is that it ignores the value of an individual rarest trait and only shows the<br />

overall average rarity.<br />

Statistical Rarity<br />

Statistical rarity method multiples all the trait rarities to get the overall rarity of an NFT. Often<br />

communities put these statistics into a spreadsheet to get a good overview of what the collection has to<br />

offer.<br />

To calculate the statistical rarity for an NFT that would have two attributes, one at 50% rarity and other<br />

at 15% rarity the calculation would be as follows.<br />

Statistical rarity = 50% (0.5) x 15%(0.15) = 0.075%<br />

So once again, let’s take a look at the DeGods NFTs discussed above.<br />

• Statistical rarity of DeGods #5313 = 2.6% x 11% x 4.7% x 4.3% x 55% x 3% x 54% x 7.3% x<br />

91% x 89% = 0.000000003044838832%<br />

• Statistical rarity of DeGods #6076 = 2% x 2.5% x 54% x 1.2% x 5.7% x 3.4% x 2.1% x 4.2% x<br />

91% x 89% = 0.0000000000042717858%<br />

By using the statistical rarity method, once again we can consider DeGods #6076 rarer.<br />

This method is rather simple and straightforward, and many believe it to be more reliable than other<br />

traditional rarity calculation methods.<br />

However, each community has its own preferences on which aspects to prioritize when ranking NFTs as<br />

the rarest.<br />

If using traditional rarity calculation methods seems too much work, the easier way to check the rarity of<br />

your NFTs on the Solana blockchain is simply using rarity rolls that collect data of all NFTs in collection<br />

and give them rarity rankings.<br />

Here are some of the rarity tools that can help you determine your Solana NFT’s rarity.<br />

Hyperspace NFT<br />

Hyperspace NFT (formerly known as Solanalysis) is one of the largest and most popular rarity tools<br />

on the Solana blockchain. Their platform collects data from every Solana NFT from all the Solana<br />

NFT Marketplaces helping users understand how rare their (desired) NFT is.<br />

Moreover, their Solana NFT analysis dashboard includes a calendar with upcoming SOL mints, which<br />

easily allows users to keep an eye on new projects and potentially be part of something exciting.<br />

HowRare<br />

HowRare allows users to discover the data behind the NFT market that runs on Solana blockchain.<br />

Besides data visualization, they also offer a Rarity Calculator, which gives an estimate of a specific<br />

NFT’s rarity.<br />

Rarity Sniper<br />

Rarity Sniper lets users explore data on Solana NFTs as well as NFTs on other blockchains like<br />

Ethereum.<br />

To find the collection you are interested in, you can browse their database and select your desired<br />

blockchain to filter the results, or simply type in the collection you are looking for information on.<br />

112<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>81</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!