Our users are well aware that we’ve been offering reliable rarity rankings for NFT generative art right from the start. Feel free to take a trip down memory lane to understand how we calculate rarity ranks. Nevertheless, in the realm of investments, we’ve come to recognize that this approach isn’t one-size-fits-all for every collection or token, and there are several reasons for that.
For instance, some collections lacked timely rarity ranking tools, which consequently shifted market preferences. Also, the diverse visual attributes that individuals favor, the narratives woven around specific traits, or the unexpectedly scarce visual marvels like the Ringers “Goose” (which has a #276 Artacle rarity rank) all come into play. Investors are prepared to shell out a fortune for certain ones. Of course, the very essence of the art itself is a crucial factor too! BTW interestingly, even many collectors who don’t put much stock into rarity rankings and prioritize the art’s appeal are likely to lean towards acquiring the rarer tokens, assuming all else remains more or less equal.
Still, the correlation between rarity and market desirability doesn’t always hold true.
These issues hinder the applicability of rarity ranking in numerous scenarios. And it creates barriers to investors and collectors, potentially resulting in unfavorable decisions.
Now what
We’ve made the decision to phase out rarity ranking, although we’ll maintain it for the sake of backward compatibility. We’re introducing a vastly improved ranking approach that empowers investors, traders, and collectors to make more informed decisions regarding the value store. It’s important to mention, though, that rarity ranking remains an integral component of this new approach, but at the same time, it comprehensively analyzes a multitude of market and desirability indicators.
We call it desirability ranking or simply A-rank (Artacle rank). Let’s review some examples to evaluate the distinction.
Fidenza:
By the way, let’s go back to Fidenza’s correlation image in the initial chapter, but this time substitute ‘rarity rank’ with ‘A-rank’.
Ringers:
Note: The most recent sale of the Goose on Sotheby’s is yet to be recorded on the blockchain and thus this data is not scored yet.
The calculation method
In essence, it’s derived from A-valuation. For a more comprehensive understanding of Artacle valuation, you might be interested in exploring this A-valuation article. The higher the A-valuation, the higher the A-rank.
A-valuation is computed through a multitude of diverse market indicators whereas rarity rank is one of them.
Important: A-rank is subject to change, particularly for new collections, as it depends on market desirability — often ambiguous at the outset. However, for collections with substantial cost bases, such shifts in A-rank are infrequent or minor unless any major event happens for this collection.
If you have any feedback or new feature request feel free to drop us an e-mail at feedback@artacle.io. Join our Discord and stay tuned!
