Opensea is launching a new NFT rarity protocol called OpenRarity.

Last week, Offshore officially announced Open raritya new scarcity protocol NFT for the community NFT. To develop it, the company joined forces with analytics experts Web3 here.Instruments, Curiosity Instruments, TRIALetc. Indeed, it aims to provide a new standard for classification methods NFT.

An overview on Open rarity

Open rarity is a brand new rarity protocol NFT with its own platform. It was actually designed specifically for the community NFTwith the intention of establishing a new universal standard for the classification of the rarity of NFT in a somewhat chaotic market.

Indeed, the team OpenSea developed it in collaboration with here.Instruments, Curiosity Instruments And TRIAL. This is’a transparent, mathematically valid and objective method for calculating rarity. On the other hand, it should be noted that this is completely open source and can be played by anyone.

The team ofOpen rarityShe said : “We think it’s important to find a way to provide a unified, transparent and consistent set of rarity assessments across all platforms. This is to help build trust in the industry through transparency.

Furthermore, the protocol Open rarity has been verified by a team of designers representing many of the top 100 collections. this for himselfensure it is so valid and easy to understand.

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The characteristics ofOpen rarity

Furthermore, OpenSea wants to create a transparent, consistent, easy to find and simple rarity classification system. To do this, they wanted to solve three problems. Current problems and solutions I am :

  • 1. The filing industry NFT combines the concept of rarity (the mathematical rarity of an attribute) with the connection of the creator and the market value. Yet the value is therefore based on attributes other than rarity. Open rarity will provide them a separate classification.
  • 2. Closed-source code is used to determine the ranking, using “meta-characteristics” that do not exist on the chain. Meta features, such as the number of features and other hidden values, lead to large differences in the market rarity rankings. Open rarity will use a completely open source program for its data and will exclude meta features from its rating system.
  • 3. Many rare instrument providers charge a commission to projects NFT to list the collections on their platforms. Open rarity wants to create a fair environment for all.

Otherwise, Open rarity is voluntary, so favorites and developers NFT can choose to use it or not. Therefore, if consumers choose to participate Open raritydevelopers will have access to the APIs, which will increase user access to this data.

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