{"id":502601,"date":"2022-10-21T15:13:24","date_gmt":"2022-10-21T12:13:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opensea-revises-nft-rarity-ranking-protocol-after-community-feedback\/"},"modified":"2022-10-21T15:13:24","modified_gmt":"2022-10-21T12:13:24","slug":"opensea-revises-nft-rarity-ranking-protocol-after-community-feedback","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opensea-revises-nft-rarity-ranking-protocol-after-community-feedback\/","title":{"rendered":"# OpenSea revises NFT rarity ranking protocol after community feedback"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2fcec736622\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2fcec736622\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/opensea-revises-nft-rarity-ranking-protocol-after-community-feedback\/#%E2%80%9D_OpenSea_revises_NFT_rarity_ranking_protocol_after_community_feedback_%E2%80%9C\" >&#8221; OpenSea revises NFT rarity ranking protocol after community feedback &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_OpenSea_revises_NFT_rarity_ranking_protocol_after_community_feedback_%E2%80%9C\"><\/span>&#8221; OpenSea revises NFT rarity ranking protocol after community feedback &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMjgzYmNhZjMtYjBkZC00YjZlLTliZmQtYjFlZTMzYTgyNjg5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>While giving rarity ranks to nonfungible tokens (NFTs) on a marketplace may help collectors decide on whether to purchase NFTs or not, some argue that ranking NFTs may do more harm than good.\u00a0<\/p>\n<p>In a tweet, an NFT investor <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sgsand1\/status\/1582036363557605376\">pointed<\/a> out several issues surrounding OpenRarity, the new rarity ranking protocol implemented by NFT marketplace OpenSea. According to the community member, putting \u201crank\u201d in the NFT listing with no mention of \u201crarity\u201d anywhere could be misleading. <\/p>\n<p>Taking the Moonbirds NFT collection as an example, the community member argued that since the collection enabled the OpenRarity ranking protocol, it destroyed its own market-driven rarity structure, making every single NFT a \u201cfloor Moonbird.\u201d The NFT collector also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sgsand1\/status\/1582036377155555333\">called<\/a> out Kevin Rose, the CEO of Proof, the creators of Moonbird, to turn off the OpenRarity ranking function for the collection. <\/p>\n<p>Days after the feedback, the NFT marketplace made some revisions to the ranking system. At the moment, NFT listings now show \u201crarity rank\u201d instead of just the rank. In addition to this, the NFT marketplace has also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/opensea\/status\/1582471566335479808\">added<\/a> trait count within the ranking methodology and a way to sort items with unique attributes before <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lying any additional information that elevates its rank. <\/p>\n<p>After making the changes, OpenSea <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/opensea\/status\/1583125930004082689\">announced<\/a> that it will be enabling the rarity ranking feature to eligible collections across all chains. The change will be implemented starting Oct. 25. According to the NFT marketplace, the most consistent feedback that they have received is from people asking how they could get access. To make this access possible to more collections, the marketplace will be implementing the feature to all their supported blockchains. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Prosecutors argue \u2018insider trading\u2019 claim in the OpenSea case is accurate<\/em><\/strong><\/p>\n<p>The NFT marketplace first launched the NFT ranking protocol on Sept. 21 in an attempt to provide a reliable rarity ranking for collectors. The protocol called OpenRarity is a collaboration between NFT entities and aims to standardize the rarity methodology across NFT platforms. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/opensea-revises-nft-rarity-ranking-protocol-after-community-feedback\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; OpenSea revises NFT rarity ranking protocol after community feedback &#8220; While giving rarity ranks to nonfungible tokens (NFTs) on a marketplace may help collectors decide on whether to purchase NFTs or not, some argue that ranking NFTs may do more harm than good.\u00a0 In a tweet, an NFT investor pointed out several issues surrounding&#8230;<\/p>\n","protected":false},"author":1,"featured_media":502602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMjgzYmNhZjMtYjBkZC00YjZlLTliZmQtYjFlZTMzYTgyNjg5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,133792,86389],"class_list":["post-502601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-opensea","tag-marketplace"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=502601"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/502602"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=502601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=502601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=502601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}