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Rarity Sniper is one of the most popular tools for checking the rarity of NFTs, and it can help users get good deals by potentially finding rare NFTs in popular collections that are selling at similar prices as less rare NFTs from those collections.
But how exactly does checking NFTs work in practice, and what are some of the other features Rarity Sniper provides?
We will examine these questions in detail in the following sections, but first, let’s explain what NFT rarity actually is and why it is important.
What is NFT rarity?
NFT rarity refers to the relative rarity of traits that non-fungible tokens (NFTs) have within a single collection. As the name implies, it is the result of an NFT scoring calculation that takes into consideration the various traits present among the NFTs of a collection. An NFT rarity score is however gained by the number assigned to each collection that reflects its relative rarity. It is based on the quantity and quality of the traits found in each NFT within the collection.
For example, in the CryptoPunks NFT collection, only 44 NFTs have the “Beanie” trait. This means that “Crypto Punks” that have a “Beanie” trait are quite rare and will probably fetch a higher price. A “Crypto Punk” that has multiple rare traits will probably be valued even higher.
Why is rarity important for NFTs?
Rarity is important for NFTs because it helps to determine the value of a particular piece. The rarer an NFT is, the higher its value will generally be. Case in point, one of the most expensive NFTs ever sold is CryptoPunk #5822, which features an exceedingly rare combination of traits. It sold for $23.7 million in February 2022.
This means that buyers should always check the rarity of an NFT before making a purchase, as it could potentially be a substantial investment. Rarity sniper allows users to check the rarity of NFTs quickly and easily, allowing them to make better-informed investment decisions.
How to check NFT rarity on Rarity Sniper?
Rarity Sniper is relatively straightforward to use, making it perfect for both experienced collectors and those just starting. Follow the steps below to check the rarity of NFTs on Ethereum, Solana, Polygon, and more than 15 other blockchains.
Step 1: Open Rarity Sniper and search for an NFT collection
On the Rarity Sniper homepage, search for an NFT collection that features the NFT you want to check the rarity of. In addition, Rarity Sniper allows you to check rarity attributes of an entire collection so you can quickly identify rare traits. For the purposes of this guide, we’ll be examining the CryptoPunks NFT collection.
Step 2: Use filters to explore the NFT collection
Once you have found the NFT collection you were looking for, you can proceed to use the filters on the left side of the page to organize and filter NFT items. As a default, collectibles are sorted from those with the highest rarity scores to those that are the most common.
Step 3: Check traits that determine the NFT’s rarity
Each NFT features different attributes that end up determining what its rarity score is. A combination of rare traits results in very high rarity scores. For example, CryptoPunk #5822 in the image above is the 17th most rare NFT out of 10,000 CryptoPunks, with a rarity score of about 581.
Step 4: Explore NFT collections by trait categories
Conversely, you can check NFT collections directly by trait categories. This can give you a high-level overview of an NFT collection and informs you about which traits are worth paying for extra.
Rarity Sniper features
Rarity Sniper has several core features that make it a great NFT rarity tool. These features include:
NFT Collections
The core feature in Rarity Sniper’s suite of tools is the NFT Collection explorer. It allows users to use advanced filters and search through NFT collections on 19 different blockchains, including Ethereum, Solana, Polygon, Cronos, BNB Chain, and Flare, to name just a few.
NFT Drops Calendar
NFT Drops Calendar enables collectors to follow upcoming drops and explore various data pertaining to each collection, including the date and time of the drop, the blockchain a project is launching on, and more.
NFT News
A news section focused on the latest NFT-related stories and developments. The news section is regularly updated and features all the most important news, as well as updates that might go unnoticed at non-NFT specialized publications.
NFT Stats
Various data on NFT collection, such as trading volume by day, week, and month, as well as floor price, total market cap, and more. A welcome addition is a filtering tool that allows users to search for specific criteria. This can come in handy when trying to find lucrative NFT deals.
Rarity Sniper’s partnerships and integrations
Rarity Sniper has formed several notable partnerships in the NFT space to receive data from as many on-chain and marketplace sources as possible. The list of partnerships includes some of the biggest names in crypto, including Rarible, OKX, LooksRare, and Nifty.
These partnerships allow various NFT platforms to leverage the vast database of NFT data curated by Rarity Sniper and give their users streamlined access to rarity information.
Rarity Sniper alternatives
Apart from the Rarity Sniper tool, they are alternatives that individuals can use to check the rarity of NFTs. Examples of some of these tools include Rarity Tools and Rarity Sniffer, which are both open-source tools that allow users to check the rarity of NFTs.
Rarity Tools work by analyzing the entire NFT collection and providing a rarity score for each asset. Rarity Sniffer also allows users to check the rarity of NFTs, but it is a more detailed tool than Rarity Tools. It provides users with a breakdown of the rarity score, allowing them to make better decisions when buying or selling NFTs.
The bottom line — Rarity Sniper is a valuable tool for NFT fans
Rarity sniper is a great tool for those looking to invest in NFTs. With the ability to check the rarity of NFTs, users can make informed decisions about which NFTs to buy and sell. These can come especially in handy when exploring Solana marketplaces, or any other blockchain platform for that matter, on which NFTs to invest in.
Even if you received some NFTs for free, this doesn’t mean that you should ignore their rarity. Some of the most expensive NFTs ever, like CryptoPunks, were initially free as well. Rarity Sniper can help you find out whether your NFT is rare and has the potential to become a collectors item sometime down the line.
