OpenRarity is a new rarity protocol built by the NFT community for the NFT community.
Joined August 2022
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We did not have as much time for questions as we would like in our recent twitter space. Any burning questions on your mind that you want to ask that we can address async?
Sign-up for the Spaces via the link below! We'll have
@seandadashi from @curiotools, @icy_tools and @impresooo + @amamujee from @opensea. Hope to see many of you then!
xitter.cf/i/spaces/1yoJMZQOgaYxQ
gm frens! We are planning a twitter space at 930am PST/1230pm EST on Thurs 20 Oct.
Please join us to hear about the latest methodology improvements as well as some of the next steps for the team. Folks from @curiotools @icy_tools @opensea will be there :)
1/ Since launching OpenRarity a few weeks ago, we’ve received a lot of feedback on (not) including Trait Count in our rarity calculation methodology. Here is our proposal to add it to OpenRarity -mirror.xyz/openrarity.eth/oN….
4/ We’d love to hear your thoughts and feedback as we try and improve OpenRarity for the entire community.
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5/ After reviewing the feedback and internal discussions, we decided to add Trait Count to the OpenRarity methodology. github.com/OpenRarity/open-r….
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We do believe in open-source and we will align with standards when we will see value in that. 🔥
We are delighted to announce that Moonflow NFT Marketplace will be using @openrarity, an open-source project rarity system led by @icy_tools @opensea @rarible @LooksRare and more.
Welcome frens!
Another day, another @gemxyz update 💎
1. You can now refresh metadata + price + ranks for any collection or any specific item on Gem on your own using the "refresh" button 🔃
2. @openrarity support enabled. Gem now supports 4 ranking providers! 🔥
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So after I tweeted about the change of rankings with @openrarity their dev joined the @SVSNFT discord with a proposed solution. Huge respect for the team.
1/ 1 of 1s are items in a collection that have at least one unique trait value. The current algorithm, information content, can hide 1 of 1s which results in a lower rank and that does not match community expectations.
2/ We created a “double sort” that first sorts by unique traits and then sorts by information content to solve this issue. We plan to merge this change soon, pending no gotchas.
For those who want to see more detailed information, here is the PR - github.com/OpenRarity/open-r…
1/ Trait Count represents the number of unique traits for an NFT. We know it’s important for some creators to include Trait Count in their rarity ranks and we want to have a solution for creators in OpenRarity. But, we also wanted this choice to be visible to the community.
2/ Creators can “opt in” to Trait Count in rarity rank calculations by including it in their metadata and OpenRarity will use it in rank calculations. Guide here:
openrarity.gitbook.io/develo…
We are following up from last week with proposed solutions to Trait Count and Unique Items. Two threads coming up...
1/ We’ve been thrilled to see so many collections adopting OpenRarity over the past few days! During that time, we’ve received great feedback both from teams who have opted-in and those who have not. We want to share this feedback openly and communicate our next steps.
4/ However, we hear what the community is saying and are working with the entire team (@curiotools, @icy_tools, @opensea, @proof_xyz) + others who are joining the effort to identify the best path forward to respond to these points of feedback.