We did not have as much time for questions as we would like in our recent twitter space. Any burning questions on your mind that you want to ask that we can address async?
@SunnyNFTz Dynamic NFTs are complicated because metadata and rarity will likely change frequently. We need better standards for this across the nft ecosystem.
gm frens! We are planning a twitter space at 930am PST/1230pm EST on Thurs 20 Oct.
Please join us to hear about the latest methodology improvements as well as some of the next steps for the team. Folks from @curiotools@icy_tools@opensea will be there :)
1/ Since launching OpenRarity a few weeks ago, we’ve received a lot of feedback on (not) including Trait Count in our rarity calculation methodology. Here is our proposal to add it to OpenRarity -https://t.co/dPCPmGDbmM.
We do believe in open-source and we will align with standards when we will see value in that. 🔥
We are delighted to announce that Moonflow NFT Marketplace will be using @openrarity, an open-source project rarity system led by @icy_tools@opensea@rarible@LooksRare and more.
@hackerdreamer https://t.co/Y0TqHYr3gf - we're suggesting that creators to add in trait count to metadata if they want it included in rarity (because it's more transparent and open). Do you think this is sufficient?
Another day, another @gemxyz update 💎
1. You can now refresh metadata + price + ranks for any collection or any specific item on Gem on your own using the "refresh" button 🔃
2. @openrarity support enabled. Gem now supports 4 ranking providers! 🔥
So after I tweeted about the change of rankings with @openrarity their dev joined the @SVSNFT discord with a proposed solution. Huge respect for the team.
2/ We created a “double sort” that first sorts by unique traits and then sorts by information content to solve this issue. We plan to merge this change soon, pending no gotchas.
For those who want to see more detailed information, here is the PR - https://t.co/xVPFclWQxS
1/ 1 of 1s are items in a collection that have at least one unique trait value. The current algorithm, information content, can hide 1 of 1s which results in a lower rank and that does not match community expectations.
2/ Creators can “opt in” to Trait Count in rarity rank calculations by including it in their metadata and OpenRarity will use it in rank calculations. Guide here:
https://t.co/sd7rVYaAT7
1/ Trait Count represents the number of unique traits for an NFT. We know it’s important for some creators to include Trait Count in their rarity ranks and we want to have a solution for creators in OpenRarity. But, we also wanted this choice to be visible to the community.