Emblem Vault has reconnected NFT collectors fans with some of the rarest and oldest NFTs.
NFT project Emblem Vault has blown up over the last month to become the second-largest NFT project by sales volume, according to NFT data aggregator CryptoSlam.
In the last twenty-four hours, Emblem Vault NFTs generated over $5 million in sales, in 607 transactions from 300 buyers.
In terms of sales volume, Emblem Vault is still $9.5 million short of the biggest NFT project right now, the Pokémon-esque blockchain game Axie Infinity, but Emblem Vault sits more than $4 million ahead of popular NFT projects like NBA Top Shot and Bored Ape Yacht Club.
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.