Chainalysis, a blockchain analytics firm, reported that the greatest portion of crypto service adoption in the Central, Southern Asia and Oceania (CSAO) region is due to NFTs. According to the report, 58% of web traffic to crypto services is NFT-related.
Nonfungible tokens (NFTs) are minted every day in thousands, making finding rare NFTs difficult. However, as the industry continues to develop, the problems of finding NFTs may soon become a thing of the past.
In a tweet, NFT marketplace OpenSea has announced the implementation of OpenRarity, a verifiable rarity protocol for NFTs, within its platform. OpenRarity uses a transparent mathematical method to calculate rarity.
OpenSea said that rare NFTs would be awarded numbers like 1 or 2, whereas NFTs with similar attribute would be awarded higher numbers. The marketplace thinks that this would enable buyers to get a reliable “rarity ranking” when considering NFT purchases.
The OpenRarity feature will not be automatically applied to all NFT collections. According to the NFT marketplace, creators will still have control if they want to choose to apply the feature to their collections or not.
The OpenRarity project was conceived by Curio, icy.tools, OpenSea and Proof as a collaboration to standardize rarity methodology and produce consistent rarity rankings across all NFT platforms.
How to start using NFTs.
Besides, NFT creators might now make their own NFT drop pages that they can modify with images, videos, and highlights. There’s a gallery of NFTs, including their mintage schedules and images. In addition to these, collectors may receive email alerts to remind them of the mint if you include a countdown timer and a gallery.
According to Chainalysis, NFTs are responsible for 58% of crypto services’ web traffic in the Central, Southern Asia and Oceania (CSAO) region. In addition, a report published by blockchain analytics firm Chainalysis found that NFTs are the largest driver in crypto adoption.