Rarity

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Rarity

Definition:

The value of an NFT is often judged in its rarity. And it matters. Whether that is based on the amount in the collection, or the rarity of properties it possesses, NFT degens pay overs for rarity.

Degen Chat

“@Abigthingbadly always advocates paying over the odds for rarity in the @guttercatgang”

Related Terms:
  • Dictionary: Looks Rare
    Rarity is important within an NFT collection. However, if someone comments on your newly minted PFP that it “looks rare”, it could be ironically. This may create a flipping desire. It’s also the name of an NFT marketplace competing with OpenSea.
  • Dictionary: Open Edition
    An open edition NFT collection has no limit to the amount of NFTs that can be minted. Rather than utilising rarity that 1:1 NFTs or limited edition collections have, this could be a limited time offer or end after a goal is reached. This style of collection was popularised by @Nifty Gateway and is also ideal for P2E games and games like @axieinfinity where breeding is a key aspect of the game theory.


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