NFTs News

OpenSea To Adopt OpenRarity Ranking For All Eligible Collections

OpenSea announced that it would adopt the OpenRarity ranking methodology for eligible collections across all chains on October 25. Creators will still be able to choose to turn off OpenRarity so that their NFT collections don’t show a rarity ranking.

According to the announcement, the NFT marketplace will enable a consistent, free-to-use, open source, and multi-chain compatible rarity ranking system that includes all of its EVM chains and Solana.

As a result, some collectors will see rarity rankings appear for their collections.

Previously, OpenSea launched NFT rarity protocol OpenRarity in September. Creators can choose to join in to have their NFT collections ranked.

According to the OpenSea Help Centre, the OpenRarity Standard will be an open, transparent, and repeatable standard for rarity rankings within the NFT sector.

The OpenRarity protocol is a community-driven NFT movement that brings together markets, NFT producers, and rarity tools to standardize the industry. Curio, Icy.tools, OpenSea, and Proof are among the companies that contributed to the protocol.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.