Analysing Non Fungible Tokens (NFTs) and their Rarity

Abstract

This article provides a comprehensive analysis of the emerging market for non-fungible tokens (NFTs), focusing on the role of rarity in the valuation of these digital assets. It is well known that rarity has an impact on the price of non-fungible tokens (NFTs). Investors often make purchasing decisions based on NFT lows. In this paper we used the trait rarity method to calculate the rarity of NFTs and identified rare NFT. Since the rarity plays vital role in pricing and value of NFT, we have utilized rarity in NFT price calculation. Through a rigorous analysis of rarity scores and other methods of measuring rarity, we came to understand their impact on NFT value. This research contributes to the digital asset valuation debate and provides insight into the development of the NFT market.