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After community feedback, OpenSea revises NFT rarity rank protocol By Cointelegraph


After community feedback, OpenSea revises its NFT rarity ranking protocol

While a marketplace may give rarity ranks to nonfungible tokens (NFTs), some argue that this may make it easier for collectors to decide whether to buy NFTs.

A tweet from an NFT investor Pointed OpenRarity, a new protocol for ranking rarity on NFT marketplace OpenSea, has several issues. According to the community member, putting “rank” in the NFT listing with no mention of “rarity” anywhere could be misleading.