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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

NFT Rank

OpenRarity

OpenSea

Author

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.

Related Posts

• OpenSea New Version Will Be Launched In December

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.

We want to share an update on OpenSea’s rarity ranking:
On Tuesday, Oct 25, we will adopt the @openrarity ranking methodology for eligible collections across all chains. This is a meaningful change and we want to share our rationale & next steps. ????⤵️ pic.twitter.com/eq51Z4w7Gh

— OpenSea (@opensea) October 20, 2022

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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Other Posts

Related Posts

[tptn_list limit="8" title_length="0" heading="0" show_date="0" daily="1"]