Bored Ape Yacht Club Valuations and Sales Data: Now on MomentRanks
by Christian Hardy
When we launched MomentRanks, we aimed to bring features to the NBA Top Shot community that made collecting accessible, effortless, and fun. Now, we’re excited to bring some of those same features to the Bored Ape Yacht Club, including the most accurate Bored Ape valuations based on trait rarity.
The Bored Ape Yacht Club — a generative NFT project of 10,000 unique cartoon apes — has skyrocketed in popularity since it sold out on April 30. Bored Apes have generated over 25,000 Ethereum in sales on the secondary market (about $60 million as of writing) and have become the social media profile picture of choice for ape owners.
Just two months since its creation, the Bored Ape Yacht Club has built a steadfast community that’s here to stay. Bringing tools to this thriving community was a no-brainer for our team.
Here are the Bored Ape Yacht Club features we support, with some more on the way:
- MomentRanks Bored Ape Valuation based on individual trait rarity, trait premiums, and market trends.
- Bored Ape Yacht Club Market Cap based on the MomentRanks value of every individual ape, rather than the ape floor price.
- Ape Explorer to filter through and find apes based on their traits.
- Real-Time Bored Ape Transactions from OpenSea, sortable by traits.
- Bored Ape Account Rankings by the total value of Bored Apes held by each wallet. Bored Ape owners can also connect their wallet to view the total value of their apes.
To access our Bored Ape Yacht Club tools and data from our homepage, click the NBA Top Shot logo, and when the drop down appears, click Bored Apes. This data is also accessible directly via momentranks.com/bayc.
Let’s dive a little deeper into each of these new features or Bored Ape owners.
Bored Ape Yacht Club Valuations
Every Bored Ape has a unique story and traits; that means every ape also has a unique value. We built our v1 model for valuing Bored Apes to make it easier for users who may be new to Bored Apes to understand the market and social signals that go into ape pricing on OpenSea. This way, anyone can feel comfortable with buying or selling Bored Apes.
Our valuation model looks at three main factors to automatically estimate the Ape’s MomentRanks value.
- Individual trait rarity
- 24-hour market trends, such as Ape floor sale price, designed to be resistant to ladder attacks and short-term volatility
- Premiums placed on high-end traits in each category
Some Bored Ape traits are more rare than others, thus creating a value premium for them. However, there’s no perfect way to weigh ape traits, especially those that may be more aesthetically pleasing than others — such as one ape’s traits that align with one another.
That said, here are the most important Bored Ape traits weighted by v1 of the Bored Ape valuation model:
Background plays little role in pricing. However, Fur and Earrings on the high-end of rarity have a greater premium placed on them compared to other traits. One example is the golden fur, which makes up the most valuable apes in our valuation model, and gets a higher premium compared to other traits of similar rarity.
Community Feedback on the Ape Valuation Model
We understand that this first version of the model isn’t perfect; there are so many nuances that make perfection impossible for projects that are creative and community-driven as BAYC.
We’re receptive to feedback via Twitter or Discord, which will allow us to grow and keep building for Bored Ape collectors. Quite simply: we’re here for you, the Bored Ape community, and we want this product to be a reflection of how this strong community values their apes.
Ape Explorer: Find Bored Ape Valuations
With 170 possible traits, every Bored Ape is unique. And with a one-of-one set of traits, every Bored Ape has a one-of-one valuation. On the Ape Explorer, users can filter through Bored Ape traits and find the MomentRanks value of any Bored Ape based on the traits chosen.
This allows users to find the trait floor for any Bored Ape based on MomentRanks value.
Once users have selected the traits they’re looking for, the Ape Explorer will instantly update to show Bored Apes with the desired traits and their MomentRanks value.
Bored Ape Yacht Club Account Value and Rankings
With a more accurate value for every Bored Ape based on traits and market data, Bored Ape owners can now see their true account valuation. Once you connect your MetaMask wallet to MomentRanks, just click on the “My Collection” tab of the menu to see your Bored Ape account valuation.
Just like our Top Shot Accounts pages, you can also view the largest Bored Apes accounts in the swamp on the Accounts page. In addition to total value, you’ll also be able to see a preview of the apes in their account, as well as total bought and sold Bored Ape value.
What’s on the Bored Apes Account Page?
There’s much more than just the Total Value of your Bored Apes on every account page. Here’s a full list of what you’ll find:
- Bored Ape Total Value: Value of apes you owned based on the MomentRanks Bored Ape Valuation model.
- BAYC Account Rank: Where your collection ranks amongst all Bored Ape owners in MomentRanks value.
- Bored Apes Bought, Sold, and Owned: This gives transparency around which accounts are buying, selling, and still holding from the April 30 drop.
- MomentRanks Average Value: The average value of each Ape in your collection
- Apes Bought and Sold Value: Total price of all Bored Apes the account has sold and bought on OpenSea. This does not include the cost of Bored Apes from the original sale.
Filterable Bored Ape Yacht Club Transactions
Recent sales history of any particular Bored Ape trait can be found on the Bored Ape Yacht Club Transactions page. Here, we’ve made it easy to filter through recent sales by any trait, including by date and price.
Beyond just using MomentRanks Bored Ape valuations as a resource for buying and selling apes, past transactions for any Bored Ape traits can also provide another reference point when making marketplace decisions. After all, these prices are what a collector was actually willing to pay for any particular ape, so it’s these transactions that inform the MomentRanks valuation model.
Help Us Help Bored Ape Owners
Just like you, many on our team own and are interested in the Bored Ape Yacht Club. All of us here at MomentRanks are working to create and iterate on the best possible tools for Bored Apes. This is especially true of our valuation model, where ape owners know best and can help us build the best possible Bored Ape valuation tool.
We’re open to any and all feedback and will improve our model accordingly as we engineer new features. Please, submit any and all feedback here.