OpenSea revises NFT rarity ranking protocol after community feedback
Cointelegraph
Published Oct 21, 2022 08:13AM ET
Updated Oct 22, 2022 10:20AM ET
While giving rarity ranks to nonfungible tokens (NFTs) on a marketplace may help collectors decide on whether to purchase NFTs, some argue that ranking NFTs may do more harm than good.
In a tweet, an NFT investor pointed out several issues surrounding OpenRarity, the new rarity ranking protocol implemented by NFT marketplace OpenSea. According to the community member, putting “rank” in the NFT listing with no mention of “rarity” anywhere could be misleading.
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Written By: Cointelegraph
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