Tradeable Emblem Vault tokens are hosted on several different blockchains, including Ethereum. The NFT collection is an addition to the main idea: a fully decentralized token that allows trading between any EVM-enabled blockchains. It is possible to conduct transactions not only with tokens, but also with files, create joint storages.
What is an Emblem Vault NFT? Emblem Finance launched the project on Bitcoin and Ethereum in September 2020. Each Emblem Vault is an Ethereum-based NFT that functions as a multi-asset wallet. They let you trade portfolios of NFTs and fungible cryptocurrencies, including those from different chains, as a single token.
Every Emblem Vault NFT contains a series of blockchain addresses generated from a single seed phrase. You can store different digital assets in each of the addresses at any time, and only those with private keys can send tokens to other wallets.
Since Emblem wraps up tokens as modern ERC-721 NFTs, the same type of tokens that trade 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 vintage RarePepe NFT, depicting a cartoon ‘Pepe’ of Bitcoin creator Satoshi Nakomoto, sold for 147 ETH, or around $500,000 at the time.
