Most people ask what is 1 of 1 NFT art or what is 1/1 NFT art?. So in this post, I will try to answer your all questions about 1 of 1 NFT art that what is 1 of 1 NFT Art? Why these 1 on 1 NFTs are so valuable, and how to find these 1 of 1 NFTs. If you are an NFTs collector this guide. You must know about 1 of 1 NFTs. To understand these all details let’s first discuss what is 1 of 1 NFT art?
What is 1 of 1 NFT art?
1 of 1 NFT art is also called one-in-a-kind NFT art because there is no other non-fungible token that exists other than this in the NFT collection. Due to its limited supply and its rarity, it is very difficult to find.
Every NFT is unique and has its own mint number so when an NFT is already unique why we the mint number required. If you don’t know what is the mint number, the mint number is the number of NFT in the minting que of one NFTs collection which is about to mint.
Let’s suppose an NFT collection has 10 unique NFTs and so which NFT will be minted first. It will have 1 mint number in the collection and which goes second it will have 2 mint number so that’s how it works. Mintnumber shows the edition of NFT in the collection and plays a vital role to compare two similar-looking NFTs. Each collection has multiple NFTs and but they only have one NFT which is 1/10, or 1/100.
What makes 1 on 1 NFT so valuable?
This is the most important question to collectors what makes 1 of 1 NFT so valuable. The value of 1 of 1 NFT art can be determined by its demand and how much someone is willing to pay for it. Most of the collectors think that 1 of 1 NFT has win chances of 50% and also 50% for losing. But our question was what makes these 1 of NFT art so valuable. The answer is “rarity”.
These NFTs are the legendary and top kind of NFTs so the chances of owning these NFTs are very less.
Example: If an NFT collection has 100 NFTs and we all know every NFT is unique. But the rarest NFT will be 1/100 having mint number 1 and 2nd rarest NFT will be the mint number 2 and the list goes on.
So the value can be determined by this information and you can check this information easily. If this 1 of 1 NFT is launched by a celebrity it will have more value.
How many 1 of 1 NFTs exist in a collection?
Each NFT collection has very few 1 of 1 kinds of NFTs like one or two per thousand. Or if an NFTs collection is hand dawn and every NFT doesn’t relate to each other so that collection can have each NFT 1 of 1 because every mint number is different from others.
Most NFTs projects have a tier system for NFTs so users can easily identify rare NFTs. I have listed below some tiers.
- Super Rare
- Ultra Rare
- Limited Edition
1 of 1 is super rare NFTs due to having rare traits and attributes. Companies use these types of NFT to create hype and urgency so people start investing in them.
1 of 1 NFT – Example:
Painting – 1 of 1 NFTs:
As I have discussed above art is subjective and if it comes to painting it is the most appropriate example. So paintings are unique and they 1 of 1 piece that’s why they are so valuable. If you buy this 1 of 1 NFT, I will come with the option to redeem its physical painting.
Photographs – 1 of 1 NFTs:
If you have listened to the name logan paul 99 original NFTs. So these 99 NFTs are original photographs and every photograph is totally different from another. So these are 99 NFTs are 1 of 1 super rare NFTs. logan paul captured these photographs with a polaroid camera on 99 different days. These NFTs are so valuable.
Sports cards – 1 of 1 NFTs:
Like NBA, 30 teams have 30, 1 of 1 exclusive NFT. VIP holders of the NBA All-Star Pass receive an exclusive 1/1 NFT that can be auctioned for as much as $40K.
How to Find 1 of 1 NFTs on Ethereum?
- Open your opensea account
- Find the collection in which you want to find 1 of 1 NFT
- Click on this button to “view on etherscan”.
- After Clicking on this button you will be redirected to etherscan scan screen and click on the project name in the front of “token tracker”. Like I have highlighted.
- Now you will be redirected to this page. Scroll down and you will find this search button. Click on this search button and search “1”.
- After searching for one go to the inventory tab as I did. YOu will find the mint number 1 NFT.
- Click on the NFT. You will see this screen and click on encircled “view on opensea” button to check the price of NFT.
You can also search for “0” by using same method. So this is how you can find the 1 of 1 NFT easily.
How to check the value of 1 of 1 NFTs:
Art is not unique, ugly, or beautiful, art is subjective. While different NFTs project claims that they have 1 of 1 NFT so it’s very hard to determine its rarity and its value. Therefore different rarity factors are considered to an estimated value of 1 of 1 NFT.
We can check these below points to check the price of a 1 of 1 NFT:
- What is the rarity tier?
- Check mint number
- Check rarity score
- Check floor price
- Check supply
The collection size is also very important to check because it helps to determine rarity and value. If some NFTs are not 1 of 1, but they are still valuable because of their small collection size let’s suppose a collection has 100 NFTs and your mint number is 90. So it is still more valuable after the sale.
Final thoughts: Is it worth buying a 1 of 1 NFT?
Yes, you definitely get a plus point when you buy a 1 of 1 NFT. But it requires a lot of research and hard work. Without patience, it is impossible because you must know when a 1 of 1 NFT of a specific collection will get a price hike. It is easy to buy these by NFT packs or most of them you can buy through the auctions. I hope you enjoyed this guide and tutorial about what is 1 of 1 NFTs. If you have any queries or suggestions on this do not hesitate to type a comment. I always love to listen to and reply to our readers.