Male Beauty Forum Lifestyle
Token assets NFTs
This rarity is determined by its scarcity level, which means it's a limited edition or one of a kind.
The rarity of an NFT is a critical value in the valuation process because if there's only one copy, demand will go up, and so will the price. NFTs that have been minted several times are less valuable due to supply constraints. At the same time, NFTs with only one copy available on Earth can fetch a higher premium than anything else because it is unique and one-of-a-kind.
For example, if an NFT is only available in a set amount of 100 pieces, it would be considered rare because only a few people will have access to it. The fewer NFTs are available the more valuable they become. This is often seen with NFT artworks which might sell for thousands of dollars due to their unique nature.