NFTGo officially launched the NFT rarity model, GoRarity, and opened up core algorithms

On March 30, according to official news, NFTGo recently announced that it has fully opened source and developed its own rarity algorithm, GoRarity, on Github, to provide Web3 developers and users with a transparent and reasonable rarity model and enrich NFT valuation logic.

NFTGo officially launched the NFT rarity model, GoRarity, and opened up core algorithms

I. Introduction
A. Explanation of NFTGo’s announcement
B. Importance of GoRarity for NFT valuation
II. What is NFTGo?
A. Definition of NFT
B. Explanation of NFTGo’s services
C. Importance of transparency
III. GoRarity: The Rarity Algorithm
A. Definition of rarity in NFT
B. How GoRarity works
C. Features of GoRarity
D. Advantages of GoRarity
IV. GoRarity in Github
A. Explanation of Github
B. How GoRarity will benefit Web3 developers and users
C. Advantages of opening GoRarity in Github
V. Enriching NFT Valuation Logic
A. Problem with current NFT valuation methods
B. How GoRarity addresses this problem
C. Integration with NFT ecosystem
D. Contributions to NFT market growth
VI. Conclusion
A. Summary of the article
B. Importance of transparency and reasonableness in NFT valuation
C. Potential of GoRarity for the future of NFT

On March 30, according to official news, NFTGo recently announced that it has fully opened source and developed its own rarity algorithm, GoRarity, on Github, to provide Web3 developers and users with a transparent and reasonable rarity model and enrich NFT valuation logic.

The announcement of NFTGo’s GoRarity algorithm is a significant development in the rapidly growing world of non-fungible tokens (NFT). As the NFT market continues to expand, it is becoming increasingly important to have reliable methods for accurately valuing NFTs. GoRarity is designed to provide a transparent and reasonable rarity model that is accessible to Web3 developers and users.
NFTGo is a platform that provides a range of services for NFT enthusiasts, including marketplace, token issuance, and management. A non-fungible token is a unique digital asset that is represented on the blockchain. NFTGo aims to bring transparency and security to NFT transactions by providing a platform for users to easily create, sell, and trade NFTs.
GoRarity is an algorithm that is designed to calculate the rarity of NFTs based on various factors such as scarcity, quality, popularity, and uniqueness. Rarity is a crucial factor in determining the value of an NFT, as rare items generally command higher prices in the market. GoRarity is designed to provide a transparent and fair rarity model that can be applied across different NFT projects.
One of the key features of GoRarity is its ability to calculate the rarity of an NFT in real-time. This means that when a new NFT is added to the NFTGo platform, GoRarity can immediately calculate its rarity and update its value accordingly. This feature ensures that NFTs are valued fairly and are not subject to manipulation by market forces.
GoRarity is now available on Github, which is a platform used by developers to share and collaborate on open-source projects. By making GoRarity open-source, NFTGo is providing Web3 developers and users with a transparent and reasonable rarity model that can be used across different NFT projects. This move is also expected to foster innovation in the NFT space, as developers can now access the algorithm and use it to build new applications and projects.
The integration of GoRarity is expected to enrich the NFT valuation logic by providing a reliable and objective method for calculating the rarity of NFTs. Currently, NFT valuation methods are largely based on subjective factors such as popularity and aesthetics. GoRarity addresses this problem by providing a more objective and transparent method for valuing NFTs. With the adoption of GoRarity, the NFT market can become more mature and reliable, providing opportunities for NFT collectors, investors, and enthusiasts.
In conclusion, the announcement of GoRarity by NFTGo is a significant development in the NFT space. By providing Web3 developers and users with a transparent and reasonable rarity model on Github, GoRarity has the potential to enrich the NFT ecosystem by providing a reliable method for valuing NFTs. The move is expected to foster innovation and growth in the NFT market, benefiting NFT enthusiasts and investors alike.

FAQs

1. What is NFTGo?
NFTGo is a platform that provides various services for non-fungible token (NFT) users, including a marketplace, token issuance, and management.
2. What is GoRarity?
GoRarity is an algorithm developed by NFTGo that calculates the rarity of NFTs based on various factors such as scarcity, quality, popularity, and uniqueness.
3. Why is GoRarity important for the NFT market?
GoRarity is important for the NFT market because it provides a transparent and reasonable rarity model that can be used across different NFT projects, enriching the NFT valuation logic and fostering growth and innovation in the NFT ecosystem.