We get common questions ‘what is 1 of 1 NFT art?’ and ‘what are 1/1 NFTs?’. Our guide goes in-depth on the proper definition for 1 of 1 NFT artwork, and all you need to know is how to find 1/1 NFT in secondary marketplaces like OpenSea.
We share the different types of 1/1 NFTs, what rarity factors to consider when pricing one of one NFTs, and 1 of 1 NFT project examples.
Let’s dive in with the basics:
What is a 1 of 1 NFT?
1/1 NFT art is a unique, one-of-a-kind digital collectible where no other exists other than the piece itself. It’s difficult to find other comparable items because of how special it is and how rare it becomes due to the limited supply.
1 of 1 NFTs, also known as ‘one of one NFTs,’ is when a single non-fungible token is available for a unique asset based on its mint number.
A mint number represents its edition and plays a role in differentiating between two or more non-fungible tokens with the same content or design.
While non-fungible tokens all remain unique, each has a mint number to show which edition within the collection it is and how different they can be. Multiple NFTs become a collection, and a collection can have multiple editions; however, there can only be 1/1 or 1/10 or 1/100.
Why 1 of 1 NFTs Are Valuable
Understanding how much a 1 of 1 NFT is worth comes down to knowing what someone is willing to pay for it and how much demand there is in the market.
These NFTs are typically among the ‘Legendary’ or ‘Top’ rarity tier when nft projects launch, making the chances of owning them less than 0.01% in most cases.
However, some collectors feel 1/1 means having a 50% chance of winning or a 50% chance of losing based on probability. Either way, a 1 of 1 non-fungible token remains highly desirable similar to other collectibles.
Every non-fungible token comes with a mint number which makes it unique, and depending on how close that number is to the number 1, the rarer the non-fungible becomes over time.
For example, if an NFT collection has 100 pieces and you have mint number 2, that’s far more valuable than mint number 10. However, if you have mint number 1, it’s the rarest NFT available out of the 100 pieces.
Lastly, this technology allows you to have background data on who previously owned an nft allows you to compare who owns the actual image and who screenshotted it.
It instantly makes tracking these digital assets’ lifelong price and value easier.
Also, if these assets were held by a celebrity or someone well-known, it could increase the value of the 1/1 NFT even more.
How Many Non-fungible 1/1 Tokens Exist?
Each collection has a different amount of 1/1 tokens available. Sometimes, every collection piece is a 1/1 because its mint number is different and hand-drawn.
However, the majority of nft projects have only a few.
Per nft project, it’s common for there to be one or two super rare 1/1 NFTs for every thousand. However, it’s up to the nft project owner to decide how many ones of one NFTs they’d like to create in the collection.
Most nft collections have a tier system that allows users to identify when an nft is special.
Here are a few names of what the tiers can:
- Super Rare
- Ultra Rare
- Limited Edition
1 of 1 NFTs are limited edition art pieces and stand out from the rest due to having rare different traits or attributes.
NFT sellers use limited-edition marketing as a strategy to create immediacy, exclusivity, and urgency since it’s only available for a short time or in a limited amount.
Because these non-fungible tokens are scarce, they are in high demand! Therefore, they are deemed rare and likely to hold more value when buying a limited-edition token.
Different Types of 1 of 1 Piece
While most NFT collections will claim their non-fungible tokens are one of a kind or 1 of 1s, it’s important to remember that art is subjective and difficult to value.
Therefore, we use different rarity factors to determine the price.
NFT mfs: “our art is so unique, each one feels like a 1/1 😍”
The art: pic.twitter.com/2QrQ2Vt9UX
— alexjm.eth (@alexjmingolla) April 29, 2022
When understanding what 1/1 rarity is, most think of sports trading cards and physical collectibles.
One of One NFT Types (Examples):
- Sports Collectibles (1/1 NFT)
- Digital Art/Paintings (1/1 NFT)
- Photography (1/1 NFT)
What Are Rarity Factors Used For 1/1s?
There are so many different rarity factors when it comes to pricing NFTs. It’s also the same case when pricing 1/1 NFTs.
The best way to illustrate this is to use sports trading card collectibles and then compare them to non-fungible tokens.
Sporting Trading Cards
We can ask ourselves these questions to get a sense of how valuable it could be
- Who’s the player?
- Is it a rookie card?
- Is it authenticated?
- Is it autographed?
We can ask ourselves these questions to get a sense of how valuable it could be
- What rarity tier?
- What’s the mint number?
- What’s the floor price?
The size of the total available collection plays a role in determining value and rarity.
While some NFTs aren’t exactly 1/1s, they can be among a small collection like 732/777, which will become immensely valuable once sold out.
For example, Vaulted CNN allows people to buy archived images, press releases, and articles as NFTs to own a part of history.
If this collection was 10,000 and you owned mint number 9,955, you wouldn’t feel as excited. However, owning number 732 out of 10,000 now makes you far more excited.
1 of 1 NFT Project Examples
1. Sports Card 1/1 NFTs
30 Teams each get 1/1 exclusive NFTs as digital collectibles.
NBA All-Star VIP Pass gets you an exclusive 1/1 NFT which is auctioned and has the potential to earn holders over $40K.
10 Most Expensive NBA Top Shop Digital Cards have all the famous players like LeBron James worth $450K.
2. Photography 1/1 NFTs
Daniel Angeli – (https://daniel-angeli.com/)
The First 1/1 Celebrity NFT Photography Collection, by the King of Paparazzi, Daniel Angeli.
The project is 60 Years of Celebrity Photographs From The King of Paparazzi.
Logan Paul’s 99 Originals – (https://originals.com/)
Represents ’99 original photos’ by Logan Paul using a polaroid camera over 99 days. Each photo is 1/1 NFTs.
Suppose you are a holder of 99 original NFTs. In that case, you become a member of the DOA (Decentralized autonomous organization), giving you access to a community treasury where actions related to the funds.
Learn more about the Logan Paul Celebrity NFT Project called 99 Originals.
3. Paintings or Abstract 1/1 NFTs
HENI: Damien Hirst – The Empresses (https://empresses.heni.com/)
Each painting is unique and one of a kind.
Each non-fungible token is unique, and when you buy the digital token, it comes with the option to redeem it for a physical painting.
You’ll burn the non-fungible token and get a new styled painting at random.
How to Find 1 of 1 NFTS on Ethereum
- Go to OpenSea
- Find a collection you like and want to look up at any time.
- Go to Contract Address and click on the string of characters. It will take you to etherscan.io, where intelligent contracts exist.
- Find the info block called ‘Token Tracker,’ which has the project’s logo, and click to view the ‘Token Tracker Page.’
- Click on ‘Inventory’ and then use the search bar to search for ‘1’, which looks up the token id number among the project tokens on the blockchain.
- You’ll see the non-fungible token with the id, and you can click ‘view on OpenSea’ to see how much it’s worth. For example, you can do this searching for ‘0’ in the search bar and find any nfts with mint number 0.
Why Buying One of One NFTs Is Worth It
Due to the scarcity and how limited these non-fungible tokens are when they exist within a project, it makes sense for them to be highly sought after and in high demand.
However, buying a one-of-one NFT requires patience and knowing when these types of items go up on auction.
Most 1 of 1 NFTs are available through an auctioning blockchain platform or buying via an nft pack.
If you’ve enjoyed reading our guide about one of one NFTs, you may like one of these:
- What Are NFT Packs and How Do They Work
- Where to Find Free NFT Drops to Sell for Millions
- Why Are NFTs So Ugly?