Coinbase Puts Support Behind New Rarity Standard

Coinbase announced its support of standardized rarity in a tweet Thursday.

The company said it plans to "opt into" the new rarity standard called OpenRarity that OpenSea built with Icy Tools, Curio and PROOF Collective.

"With the recent explosion of new NFT marketplaces and tools, there's been a divergence of rarity rankings across platforms, which can be confusing for collectors. OpenRarity aims to standardize rarity rankings with a “best effort” protocol," the account CoinbaseNFT tweeted.

On Wednesday, OpenRarity announced that Pudgy Penguins, Cool Cats and PROOF opted in to have their collections rated by the new standard, which will be integrated into OpenSea.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

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