Emblem Vault NFT collectors followers with a number of the rarest and oldest NFTs. Emblem Vault is a tokenized multi-asset wallet. It wraps crypto portfolios into a single NFT token. A number of rare early NFTs have resurfaced in Emblem Vaults, together with the RarePepe sequence.
NFT project Emblem Vault has blown up during the last month to change into the second-largest NFT project by sales quantity, based on NFT data aggregator CryptoSlam.
Within the last twenty-four hours, Emblem Vault NFTs generated over $5 million in sales, in 607 transactions from 300 buyers.
By way of sales volume, Emblem Vault remains to be $9.5 million wanting the most important NFT undertaking proper now, the Pokémon-esque blockchain game Axie Infinity, however Emblem Vault sits greater than $4 million forward of fashionable NFT tasks like NBA Top Shot and Bored Ape Yacht Club.
What is an Emblem Vault NFT?
Emblem Finance launched the project on Bitcoin and Ethereum in September 2020.
Every Emblem Vault is an Ethereum-based NFT that features as a multi-asset wallet. They allow you to commerce portfolios of NFTs and fungible cryptocurrencies, together with these from completely different chains, as a single token.
Each Emblem Vault NFT contains a sequence of blockchain addresses generated from a single seed phrase. You can retailer completely different digital assets in every of the addresses at any time, and only those with personal keys can ship tokens to other wallets.
Since Emblem wraps up tokens as modern ERC-721 NFTs, the same type of tokens that commerce on popular NFT marketplaces like OpenSea, the project lets collectors trade NFTs that predate the ERC-721 NFT standard.
Pepe the Frog is among the classic NFTs that have resurfaced in Emblem Vaults. Earlier this month, a classic RarePepe NFT, depicting a cartoon ‘Pepe’ of Bitcoin creator Satoshi Nakomoto, sold for 147 ETH, or around $500,000 at the time.
Similarly, EthPepe—a pepe depicting Ethereum co-founder Vitalik Buterin—changed hands for 100 WETH, or around $330,000 on the time of sale.
Within the last 24 hours, the sales volume of Emblem Vaults dropped from $6 million to $2 million, mirroring the rapid ascent on Thursday, when sales volumes grew to $6 million from $1.7 million.
However the sudden lack of activity hasn’t dented Emblem Vaults’ standing as the second largest NFT project on the market right now.