How to Value Your Emblem Vault NFTs
The Emblem Vault project entered top charts in a very short period of time. It has already generated over $120.72 million or about 29.1k ETH in total sales volume. While the most expensive NFT went for 200 ETH.
The Emblem Vault may appear to be very complex at first sight, especially for those who aren’t familiar with NFTs. In fact, EmblemVault is a custom Non-Fungible Token that is used to transfer multiple different cryptocurrencies on different networks. It can be viewed in a similar way as a “container” that can contain one or more tokens, or NFTs. Sounds tricky? Let's take a closer look at what this is all about.
Table of contents
What is Emblem Vault?
Emblem Vault integral to Circuits of Value
Valuing Emblem Vault NFTs
Closing thoughts
What is Emblem Vault?
As mentioned above, EmblemVault is a custom Non Fungible Token. Indeed, each Emblem functions as a multi-asset wallet allowing anybody to trade portfolios of NFTs and fungible cryptocurrencies, including those from different chains, as a single token. That’s why it can be viewed as a “container” for digital assets.
Precisely, every Emblem Vault NFT contains a series of blockchain addresses generated from a single seed phrase. So, it allows you to store different digital assets in each of the addresses. When you own an Emblem Vault, you are able to claim the assets inside of it. Basically, “the claim process exposes the private keys to the claimer, allowing them to import the contents into any popular wallet using either a mnemonic phrase or the private keys for that blockchain”. After being claimed, the NFT Vault can never again be transferred to another address. Also, once the ownership has changed the previous owner has no access to the Emblem Vault.
At launch time, Emblem Vault supported both the BTC blockchain and the ETH blockchain. Currently, it is working on Ethereum, Polygon, Binance Smart Chain, xDai & Fantom Opera Network’s, with plans to expand to most of the Ethereum Virtual Machine Chains.
Emblem Vault integral to Circuits of Value
Emblem Vault is part of the Emblem platform. Indeed, Emblem Vault is owned by Circuits of Value. It has a dual token economy: Emblem Vault relies on FUEL as a fee token that can only be used within the Emblem platform and $COVAL which is a utility token to be used within and outside of the Emblem platform, for example when purchasing FUEL to get a discount.
The Emblem platform and Circuits of Value ecosystem were built to allow everyone to participate in DeFi (decentralized finance). Therefore, the ecosystem features Circular Economics, and also $FUEL can be used as a source of passive income through liquidity pools. $FUEL liquidity will be provided by anyone wishing to sell fuel. Liquidity providers will earn ETH and $COVAL with every sale of Fuel.
Valuing Emblem Vault NFTs
Emblem.Finance allows you to create and trade Counterparty or XCP Non Fungible Tokens (NFTs) on Ethereum, Polygon, BSC, xDai & Fantom, and others networks which enables you to use those networks to trade on NFT marketplaces such as Opensea.io or Rarible.com
Several vintage rare NFTs have popped up in Emblem Vaults, including the RarePepe series. Pepe the Frog is among the classic NFTs that have resurfaced in Emblem Vaults. For instance, a vintage RarePepe NFT, featuring a cartoon ‘Pepe’ of Bitcoin creator Satoshi Nakomoto was sold for 200 ETH. As well, EthPepe, a pepe portraying Ethereum co-founder Vitalik Buterin, was traded for 100 WETH.
Here are a few more EV projects: Spells of Genesis; Bitcorns; Ether Rocks; Etheria (0xb21f8); Force of Will; Age of Chains.
For instance, The SatoshiCard NFT within the Spells of Genesis Emblem Vault was sold for 140 ETH. It represents the mysterious figure behind the creation of the Bitcoin blockchain.
Closing thoughts
The real potential of Emblem Vault is its capacity of holding all cryptocurrencies. In addition, every blockchain will get added to the app. Emblem Vault has brought together vintage-style NFTs and DeFi, as it wraps crypto portfolios into a single NFT token and implements Cross Blockchain Minting.