So you bought your first NFT and are probably wondering what traits it should have. Do you want glasses or a fancy suit? What is more valuable? I understand it can be overwhelming. But don’t worry. In this article, I will be explaining what NFT traits are and how to check them. So without further ado, let’s jump right in.
What are NFT traits?
NFT traits are randomly generated characteristics. Considering traits are algorithmically generated they output varying degrees of rarity and therefore price. For example, for profile picture NFTs the human is the base, then attributes such as clothing, color and facial features are implemented on top. The more variations of these attributes the rarer the NFT.
How do you check NFT traits?
NFT traits can be checked in NFT marketplaces as shown below. A sidebar displays the trait group and the sub-group, these can all be filtered. You can then combine this with a rarity tool to check the rank of an NFT. The rarity rank specifies how common an NFT is within the collection based on the combination of traits and sub-traits.
Best rarity trackers
rarity.tools – as shown by the image above this is a very comprehensive tool. This is by far the most popular rarity tool on the market and for good reason. Users can filter by rarity, price, and trait count. You can also search for the rarity of your NFT by entering your ID in the search bar. Not to mention, it contains all the major projects from Bored Ape Yacht Club to Crypto Punks. If you want the best rarity tool on the market then rarity.tools is your bet.
Rarity sniper – this is the second-best rarity tool. It features a slick user interface with the ability to analyze specific traits and rankings. Moreover, Rarity Sniper features news and an NFT drop calendar so you will know exactly what hot new NFTs are coming up. All in all, this is a great one-stop shop platform for anyalyzing your favorite NFT collections.
How many traits should an NFT have?
The more traits the NFT has the more valuable it will be. In essence, you want to use a rarity tool to see the ranking of the NFT and then compare it with listed NFTs in the collection. If a rare NFT is selling for considerably less than similar ones on the marketplace then it might be a good buy.
Ultimately, there is not a set number of traits an NFT should have, but it’s important to understand rarity to determine the correct market value of an NFT.
As you can see NFT traits are a way to distinguish your NFTs from each other. They contribute to the rarity and ultimately the price. That is why it is important to analyze the different traits to get an idea of their fair value. Hopefully, you found this article useful, and thanks for reading.
Want to learn about NFT auctions? Click Here to read my previous article.