NFT Grade is a service that provides a standardized, objective grading system for non-fungible tokens (NFTs), aiming to bring greater transparency and trust to the digital collectibles market. The company's mission is to create a reliable method for assessing the value and rarity of NFTs, similar to how physical collectibles like trading cards are professionally graded.
The core of NFT Grade's service is its proprietary algorithm, which analyzes the metadata of an NFT to determine its rarity and overall grade. This process takes into account various factors, including the individual traits of the NFT and their prevalence within the entire collection. The platform provides a detailed "Grade Card" for each assessed NFT, which includes an overall score, a breakdown of its trait rarities, and a unique serial number. This allows collectors and investors to make more informed decisions by providing a clear and objective measure of an NFT's value.
NFT Grade utilizes Hedera's high-throughput and low-cost infrastructure to create a secure and transparent record of its grading process. Each Grade Card is minted as an NFT on the Hedera Token Service (HTS), creating an immutable and auditable record of the grade.
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