Mathematicians, quantitative finance, risk management and machine learning specialists uniting to standardize NFT rarity analytics
Joined August 2022
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We have created open source library (Python, Rust) which can be used to access the correct technique for calculations.
This can be seen here: github.com/OutRankNFT/OutRan…
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Additional we have created a fully On chain hosted Rarity Calculator where users can input ICP canister addresses or raw data to obtain analytics on their Rarity distributions.
This can be accessed here: w4ulz-kiaaa-aaaap-qbsma-cai.…
Measuring the Rarity of Non-Fungible Tokens youtu.be/N8ap_FPNQv8?si=IME0…
All methods one of three types of statistical average of trait frequencies, even those supposedly better and different (like Jaccard Distance, or Shannon Entropy). None of them are correct.
#NFT #NFTs #Rarity
Check out our article on Understanding NFT Rarity Calculations.
Users beware! platforms maybe calculating NFTs rarity wrongly!
#NFT #NFTs #Rarity
app.gitbook.com/o/zO3kQF5uRp…
Which Pythagorean mean are you using to calculate the Rarity of your NFT?
See the disparity in an example collection below:
Rarity is a key variable used by users to aid them in understanding their NFT's value.
However, the providers of rarity metrics don't understand rarity.
This causes users to get misled about the worth of what they are buying, selling, and holding.
NFT rarity is massively misunderstood by the industry.
Key players are still getting it wrong.
Our research highlights the issues and a solution to the problem.
outrank.io/nft-rarity
OutRank retweeted
Some great insights into Punks and Apes with Carol Alexander, Professor, University of Sussex at QuantMinds International!
Carols presentation not only identifies but also resolves issues with the PFP ranking methods currently used by the industry.
Watch this space, more to come...
There is no consensus on even the proper definition of the `rarity’ of a personal profile (PFP) non-fungible token (NFT) like a CryptoPunk or a Bored Ape let alone on how it should be measured. Has @openrarity provided the answer?
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