OpenRarity Changes to Be Discussed Thursday

OpenRarity, the standardized rarity calculation used on OpenSea, is getting a few changes in response to community feedback, OpenSea announced Tuesday.

OpenRarity is adding trait count and a "double-sort" to its calculation methodology. There will be a Twitter Spaces Oct. 20 at 12:30 p.m. ET to let users hear more in-depth about the changes.

Announced last month, OpenRarity was intended to be a "single source of truth" for creators and collectors, according to the project's website.

In a Mirror article announcing the standard, OpenRarity said it was creating "a fully transparent, open-source, mathematically grounded rarity ranking algorithm."

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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