What’s NFT rarity, and the right way to calculate it?

An NFT’s rarity performs a job in its perceived cultural and inventive significance. For instance, an nonfungible token (NFT) that’s the solely one among its sort and possesses vital cultural or historic worth could also be thought of a uncommon and must-have artifact. However why is NFT rarity vital?

NFT rarity is vital as a result of the market price and enchantment of an NFT may be considerably influenced by the nonfungible token’s rarity, which may additionally affect its resale worth. Furthermore, NFT collectors incessantly search for uncommon and distinctive nonfungible tokens so as to add to their collections.

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