Choise.ai

<p><img src="https://choise.com/_next/image?url&#61;https%3A%2F%2Fcms.choise.com%2Fassets%2F487837d6-e688-4043-a9c2-8d6587090fbf.png&amp;w&#61;3840&amp;q&#61;75" /></p><p>You might have seen a special word “rarity” near every Choby in your profile on <a href="https://nto.choise.com/?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-nto_chobies_rarity_text-%7Cnto%7Cperf_002&amp;utm_content&#61;article&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">nto.choise.com</a>. Have you ever wondered what it means? Today we will explain this word in relation to Chobies.</p><p><img src="https://cms.choise.com/assets/dd5bfd62-cca7-4fdf-a69c-20e79bacc894?width&#61;1440&amp;height&#61;720" /></p><h2 id="header-0">What is the NFT rarity and why is it so important?</h2><p>“Rarity” is the unique characteristic of every <a href="https://choise.com/news/crypto-world/what-is-nft-and-how-does-it-work-2023" rel="noopener noreferrer nofollow">NFT</a>, and the <a href="https://choise.com/news/cho-token/discover-nto-whats-chobies-universe-about" rel="noopener noreferrer nofollow">Chobies</a> are no exception.</p><p>The  overall NFT rarity is usually determined by the rarity of each feature.  When it comes to the Chobies, the collection consists of NFTs with  different features randomly assigned during minting: 5 types of Chobies,  8 types and 12 colors of masks, 12 types of eyes, 8 types of smiles, 12  zodiac signs and 3,000 names. For example, if a green Choby is quite  common and not rare, a multicolor is, on the opposite, the most rare  one. In addition, each type comes with different attributes or traits  which also have different rarity. E.g., if “T-shirts”  are extremely  rare attributes, “Hats” are more common.</p><p>All this gives rise to 10^14 different variants of Choby NFTs.</p><p><img src="https://cms.choise.com/assets/1444de39-be4d-4825-b82b-0603fc5d7270?width&#61;1210&amp;height&#61;910" /></p><p>Check the Gallery to discover more <a href="https://nto.choise.com/choby?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-nto_chobies_rarity_text-%7Cnto%7Cperf_002&amp;utm_content&#61;article&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">https://nto.choise.com/choby</a></p><h2 id="header-1">How to calculate the rarity?</h2><p>There  are several methods for calculating the total rarity of a single NFT.  They include calculations based on the rarest trait, on the average  rarity of features, or statistical evaluation of rarity. At the same  time all these methods focus on general features of NFTs.</p><p>To fix this flaw, <a href="https://rarity.tools/" rel="noopener noreferrer nofollow">Rarity Tools</a> came  up with the method called “rarity estimation&#34;. According to it, “The  total Rarity score for the NFT is the sum of the rarity scores of all  values of its attributes.”</p><p>The formula for calculating the rarity score of the attribute value is as follows:</p><h3 id="rarity-score-for-the-attribute-value-61-1-number-of-items-with-this-attribute-value-total-number-of-items-in-the-collection">Rarity  score for the attribute value &#61; 1 / ([number of items with this  attribute value] / [total number of items in the collection]).</h3><p>In  this formula, both single NFT traits and general rarities of the trait  are considered. Thus, it has become the standard for NFT rarity ranking.</p><h2 id="header-2">How to check the NFT rarity?</h2><p>Obviously,  no one really wants to calculate the rarity of each individual NFT on  their own. For this purpose, there are several investment tools:</p><ul><li><a href="https://rarity.tools/" rel="noopener noreferrer nofollow">Rarity Tools</a></li><li><a href="https://howrare.is/" rel="noopener noreferrer nofollow">HowRare.is</a></li><li><a href="https://raritysniper.com/" rel="noopener noreferrer nofollow">Rarity Sniper</a></li><li><a href="https://www.traitsniper.com/" rel="noopener noreferrer nofollow">Traitsniper</a></li><li><a href="https://opensea.io/" rel="noopener noreferrer nofollow">OpenSea</a></li></ul><p><a href="https://choise.com/news/tutorials/opensea-chobies-protect-yourself-from-scammers" rel="noopener noreferrer nofollow">OpenSea</a> is the largest and the most popular NFT marketplace. Along with  facilitating sales, it shows NFT ratings based on volume, minimum price  and other statistics providing information on the best collections for  the last 24 hours, 7 days, 30 days or all the time. The best option is  to use the OpenSea ranking together with any of the above mentioned  tools.</p><p>Ultimately,  investing in NFT involves risks. Therefore, the rarity should not be the  only criteria when buying NFTs. It is very important to conduct your  own research and understand the market before making any investment  decision. <img src="https://cms.choise.com/assets/5ad73594-5cba-4f47-a57d-e654f239e8d9?width&#61;5760&amp;height&#61;2364" /></p>

Discover NTO. What is “rarity”?

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