Understanding Rarity

NFTs are ranked according to rarity on Sweet.

Lalyn S avatar
Written by Lalyn S
Updated over a week ago

NFT rarity rankings measure how rare an NFT is in a particular collection. Within Sweet you will find Tokens that are ranked from common to rare.

The rarity of an NFT is determined by the supply and demand for the Token, as well as its utility. For example, a Token that is one of one thousand will have higher supply and lower demand than a Token that is only one of one hundred. Similarly, if the utility of an NFT changes then its rarity may change as well.

Within Sweet you will find Tokens that are ranked from Tier 1, the most common, to Tier 5, the rarest.

Tier 1: Common

Tier 2: Uncommon

Tier 3: Rare

Tier 4: Very Rare ​

Tier 5: Ultra Rare

Did this answer your question?