When we sort all of the rarity scores in the collection in increasing order, the resulting curve looks like this: This is the case for collections like the Bored Ape Yacht Club. Most of the assets are at or slightly above the floor rarity score. So how do rarity scores look after they’ve all been calculated for a collection? Usually, each collection has just a handful of “super rare” assets that are far rarer than the rest. This allows each trait rarity score to be weighted properly when summed up in the overall rarity score. To calculate trait rarity, we take the total number of assets in the collection and divide by the number of assets with that specific trait - the fewer the assets that have the trait, the higher the trait rarity.Īfter, there is an additional normalization step for each trait. To calculate the rarity score of an asset, we first assign a score to each trait – which we’ll call the “trait rarity score.” The asset’s overall rarity score is simply the sum of all its trait rarity scores. We use a streamlined approach of the “rarity score” calculation, which has quickly become the industry standard used by tools such as Rarity.tools and Rarity Sniper. Another massive benefit of this approach is speed - our site starts showing rarity scores as soon as a collection is revealed ! We minimize the number of knob turns so that rarity is as objective and consistent as possible. This is why the Lucky Trader rarity rankings may differ slightly from other sites producing rarity rankings.Īt Lucky Trader, we prefer a consistent approach across all NFT projects whenever feasible. Rarity may seem 100% objective, but there is actually some wiggle room during calculation and there are some subjective decisions when selecting an approach for quantifying rarity. How Does Lucky Trader Calculate Rarity Scores? The Asset page on Lucky Trader sorts all assets in descending order of rarity score.Īs you can see for Bored Ape Yacht Club (BAYC), the rarity rank is on the top-left corner of each asset card. Rarity scores serve as a useful barometer for NFT collectors, as they can quickly see how an asset stacks up against others in the collection in terms of rarity undefined. Our goal at Lucky Trader is to quantify the rarity of a given asset by assigning it a rarity score. The above image indicates example properties for a Bored Ape Yacht Club NFT as displayed on OpenSea. As a result, rarity is closely tied with value in the NFT space. These assets are harder to come by and, as is often the case with artwork, scarcity increases their value. Some NFTs win the lottery during the initial minting process and are composed of rarer traits, or traits that are present in fewer total assets.
These NFT collections typically have a limited number of NFTs where each one is randomly assembled from a fixed set of properties or traits.
What do these numbers mean and why should you care? In this post, I’ll dive into explanations for each and how they’re useful while you’re shopping for NFTs - which should be especially useful for anyone just getting started! For the data-oriented NFT collectors out there, we’ll also explore how these figures are calculated.Ī popular type of NFT project is the “avatar” or “profile picture” project. If you’ve been browsing the Lucky Trader asset pages or using the Lucky Trader Chrome extension, you may have noticed two types of numbers stand out: rarity scores and estimated prices.
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