This announcement comes alongside a surging interest in Bitcoin NFTs. Bitcoin ordinals have recently captured the interest of Web3 builders, with more than 350K inscriptions created to date. The Stacks ecosystem is leading the charge to support that interest, with ordinals support in the Hiro wallet and Xverse wallet, inscription tools from Gamma and OrdinalsBot, last week’s launch of the Hiro Ordinal Explorer, and more.
As is clear from our last two developer surveys, NFTs are one of the most popular categories for builders, and this latest announcement from Emblem Vault pushes NFTs on Stacks to more multi-chain marketplaces and brings Bitcoin NFTs to a wider audience.
What is Emblem Vault?
Emblem Vault began in September 2020 as a way to trade historical NFTs and digital assets from other blockchains on Ethereum. Historical NFTs refer to early attempts to store art and images on blockchains like CounterParty, Namecoin, Bitcoin and Ethereum, generally from the timeframe of 2011 to 2019. In fact, over $121M in trading volume has come from Emblem Vault to date.
Emblem Vault essentially takes other NFTs and wraps them as an ERC-721 token (the NFT standard on Ethereum), making them compatible with Ethereum marketplaces. Since its launch, Emblem Vault has become the tool of choice for collectors who want to buy and sell historical NFTs on larger multichain marketplaces like OpenSea. Now, Emblem Vault can also be used to bring some of the most popular NFTs on Stacks to a broader audience.
Why Now? NFTs on the Moon
Yesterday, LunarCrush announced Nakamoto_1, an interplanetary treasure hunt. Hiro is partnering with LunarCrush, Lunar Outpost, and Golden Wolf to launch a treasure chest filled with crypto and NFTs into space and put it on the moon.
To do this, we are etching the private key to a wallet onto a lunar rover (taking steps to ensure that no one can access the private key in advance), which will travel to the moon later this year.
The only way to get access to the wallet (and what it contains) is to travel to the moon too. Inside the wallet will be BTC, ETH, DOGE, historical Counterparty NFTs, Ordinals, and more to be announced soon!
The treasure chest will be funded with proceeds from an initial NFT mint (beginning March 28th) as well as secondary sales. Proceeds will also go towards funding Bitcoin core development and STEM education related causes. You can follow along and participate in the mint here.
We partnered with Emblem Vault to bring this NFT collection to a wider Ethereum-native audience, and hopefully attract more interest and liquidity to the project. We can’t wait for this treasure hunt to begin; we hope it helps inspire a new wave of interplanetary exploration.
We hope this new integration helps bring Stacks NFTs to a new audience, and we’re excited to see what developers do with it. To learn more about how to wrap a Stacks NFT via Emblem Vault, view this tutorial.