Emblem is home to over 9,000 unique owners across all L1 and L2s vaults are deployed on.
Since our first vault was created in September 2020 Emblem Vault has safely exchanged over 40,000 ETH in transactions.
If there's a private key, we can integrate it! Emblem has the ability to deploy on any EVM compatible blockchain, and can store any asset from all Proof-of-Work and Proof-of-Stake chains!
Over 40,000 unique vaults have been created and minted on Ethereum, Polygon, and Binance Smart Chain.
Emblem Vault (EV) is a Web3 tool that enables the storage and exchange of fungible and non-fungible assets across blockchains without the need for a bridge. These vaults are standard ERC-721 or ERC-1155 tokens that can be used as transferable multi-asset wallets capable of storing a wide variety of cryptocurrencies, NFTs, and digital assets from both Proof-of-Work and Proof-of-Stake blockchains.
Since February 2021, Emblem Vault has primarily been used to store historical NFTs from Bitcoin, Dogecoin, and Namecoin and to trade them on modern marketplaces in the Ethereum ecosystem, such as OpenSea. As of December 2022, Emblem Vault NFTs have traded over 40,000 ETH in volume across 9,000 owners, with more than 30,000 vaults created.
Emblem Vault was founded by Shannon Code, who began writing code at the young age of 8. As a young adult, Shannon began farming in-game currencies in massively multiplayer online role-playing games (MMORPGs), honing skills that would later prove valuable in the blockchain industry. He landed his first job in the crypto industry as Head of Security for Mastercoin in 2013. During his tenure at Mastercoin, Shannon became intrigued by the idea of creating a wallet that could be sent to someone without the need for the recipient to know the keys, making it easy to transfer a basket of cryptocurrencies.
During this time, Shannon developed a relationship with Sean Dennis and Gregory Simon, the founders of ribbit.me, a company that had built its Ribbit Rewards (RBR) program based on its native token RBR to encourage Bitcoin adoption. When the program struggled to gain early adoption, Sean and Dennis rebranded ribbit.me to Loyyal, and Shannon rebranded Ribbit Rewards as Circuits of Value (COVAL).
On October 16th, 2016, Shannon shared his vision for Emblem Vault on a BitcoinTalk forum, stating the ability to "Fit an entire crypto portfolio into one #NFT token with Emblem Vault!" He went on to say,
"Emblem Vault is the second dApp that is powered by COVAL, and with this, you are able to combine different blockchain wallets into a single tradable NFT token. It will add a new dimension to the world of crypto. You can even choose if you want to make the contents of your Vault open to the public or private. Boundless new possibilities will emerge with Emblem Vault. Think about selling complete portfolios, S&P 500-style contracts for the top 10 crypto projects. Or even sending Bitcoin in a private way, off-chain. No miner's fee or long wait times required!"
Shannon Code acquires Ribbit Rewards Cryptocurrency from Loyyal and rebrands to Circuits of Value.
RBR migrates to the Bitcoin sidechain Counterparty and airdrops holders 1:1 COVALC on the new platform.
Circuits of Value migrates to Ethereum to pursue additional functionality and integration into Emblem Vault.
The vision of a "Tokenized Wallet" is deployed on Ethereum after four years of development.
Namecoin, Bitcoin, and Dogecoin NFTs utilize Emblem Vault to bring assets on-chain for trading capabilities. Platform sees over 30,000 ETH traded in a single year.