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NFT Projects

What is Emblem Vault Legacy? [All You Need to Know 2023]

Recently, we have witnessed a series of migrations, which has involved cryptocurrencies, NFT Projects, and Defi Wallets alike.

DeGods migrated their original DeGods collection from Solana to Ethereum and their y00ts collection from Solana to Polygon.

All these migrations were mainly to improve the state of these products and expand the capacity to withhold such a magnanimous audience.

In this article, we’ll take a look at a similar situation done by Emblem Vault Legacy NFT and what makes the NFT collection stand out.

About Emblem Vault Legacy

Emblem Vault Legacy is a collection of NFTs representing the original Emblem Vault tokens created before the migration to the new Emblem Vault system in July 2023.

Emblem Vault is a tokenized multi-asset wallet on the Ethereum blockchain that allows you to trade portfolios of NFTs and cryptocurrencies, including assets from different chains, as a single token.

The vault is created as a unique ERC-721 token, and each vault contains a series of blockchain addresses generated from a single secret phrase.

Emblem Vault Legacy Roadmap

The Emblem Vault Legacy roadmap is not publicly available, but according to the official Twitter account, the legacy migration began on July 12, 2023, and the completion date is TBD.

According to Emblem Vault’s official X handle;

Legacy Migration begins this week!

🔹July 11th: Emblem Legacy Unlocking is paused.

🔹July 11th: NFT Marketplace Trading Freeze/Delist begins.

🔹July 12th: Emblem Legacy migrations begin.

🔹 Completion date is TBD.

💙 Upon competition Emblem Vault will welcome ~30 new Curated Collections into the ecosystem.

As of the time of writing, December 2nd, 2023, the completion date for the migration has been paused and no news has been shared by the development team.

Emblem Vault Legacy NFT Utility?

The Emblem Vault Legacy NFTs have some utility, such as trading them on NFT marketplaces like OpenSea and NFT Track and accessing the assets stored in the vaults.

However, the legacy NFTs are incompatible with the new Emblem Vault system, which offers more functionality and security.

Therefore, the legacy NFT holders are encouraged to migrate their tokens to the new system as soon as possible.

The Creators of Emblem Vault Legacy NFT

The creators of Emblem Vault Legacy NFT are the same as the creators of Emblem Vault, which are the Emblem team.

The Emblem team is led by Colin Pape, the founder and CEO of Emblem, who is also the founder of a decentralized search engine called Presearch.

DanDarkPill created the Emblem Vault Legacy. Also, Strategy & Marketing at @EmblemVault is led by Adam McBride.

The rest of the team members is unknown at this time.

When to Mint Emblem Vault Legacy?

The Emblem Vault Legacy NFTs are no longer mintable, as they were discontinued after the migration to the new Emblem Vault system.

The only way to obtain them is to buy them from secondary markets, such as OpenSea and NFT Track, where they are listed for sale by other users.

However, the supply and demand of the legacy NFTs are likely to decrease over time, as more users migrate their tokens to the new system.

Where to Buy Emblem Vault Legacy NFT?

The best place to buy Emblem Vault Legacy NFTs is probably OpenSea, which is the world’s largest web3 marketplace for NFTs and crypto collectibles

OpenSea has a dedicated page for the Emblem Vault Legacy collection, where you can browse, create, buy, sell, and auction the legacy NFTs.

gmBlockchain’s Thoughts

Hope this information was helpful and interesting to you. If you have any more questions or opinions about Emblem Vault Legacy NFTs,

You can also find more information concerning Emblem Vault Legacy NFTs on Medium, X, and their Wikidocs.

Victor Chijoke

Passionate about blockchain, and the decentralized internet. A writer in the morning, goalie in the evening. The aim is to keep my readers informed about the ever-evolving world of web3 with a unique blend of expertise and storytelling.

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