How to Unlock Bitcoin/Counterparty NFTs in an Emblem Vault

What is Counterparty?

Counterparty is an open-source token creation platform that launched on top of Bitcoin in January 2014. For the first time in Bitcoin history users had the ability to create their own tokens that were secured by the PoW coin. This allowed early participants the ability to partake in early token innovation and experimentation.

The native currency of Counterparty is XCP, which was created by sending Bitcoin to a “burn address” and in return would receive XCP. This is relevant because XCP is required to be spent in order to mint a new token on the platform. There are a variety of ways to acquire this currency including small exchanges, the native DEX, and dispensers.

The first token created on the platform is known as TEST, which was used just as it sounds, to test if the platform was functional. Since that day popular collection Spells of Genesis, Rare Pepes, Sarutobi Island, and Fake Rares have all gone on to find Historical and Cultural success while being native to Counterparty.

What you Need to Buy a Counterparty NFT

Accessing the Counterparty ecosystem is quite simple. You will need a handful of tools that are required to purchase and dispense tokens natively, which then can be Vaulted and sold on OpenSea or other EVM NFT Marketplaces.

To purchase Counterparty NFTs you will need:
FreeWallet (Mobile & Desktop Wallet)
Xchain (Block Explorer & Marketplace)
XCP (Native currency)

Now that you have all the tools, follow one of these step-by-step instructions to purchase your first Counterparty NFT.
How to Buy Rare Pepes
How to Buy Spells of Genesis

Cracking the Vault

Now it’s time to crack the vault. There are a handful of reasons one may want to bring their Counterparty assets back to their native chain. Reasonings may include transactional, collateral, or security purposes. The process is quite simple, just follow these quick steps!

1) First check to ensure your Counterparty asset(s) are in the vault.

2) Check to see if any Bitcoin sent to your vault is there.

3) Click on “Claim (Crack Open Vault)” to receive your private keys.

Once that vault has been cracked there will be a few steps between you and your asset’s Mnemoic Phrase and Private Keys.

1) Check to see a displayed green “CLAIMED” at the bottom of the vault. This verifies that the vault has been cracked and you are the owner of the keys.

2) Click on “Get Keys” to view the Vault’s Private Keys and Mnemonic Phrase.

3) This is your Mnemonic Phrase that can be imported into any Counterparty wallet. (Freewallet, Counterwallet, etc)

4) This is your Private Key tthat can be imported into any Counterparty wallet. (Freewallet, Counterwallet, etc)

Once the vault is cracked it will no longer display on your OpenSea account. In order to access the keys you will need open the Dapp Emblem.Finace.

1) Click on “Claimed” to display all cracked vaults.

2) Click on the vault that you wish to attain the private keys for.

If you’d like to import you private keys into your FreeWallet (or any other Counterparty Wallet) then you’ll need “Import Private Key” in the wallet of your choice.

1) Open up FreeWallet, click on “Address Actions”, and then click “Change Address”.

2) Click on “Import Private Key”.

3) Paste the Bitcoin Private Key you copied from your Emblem Vault.

4) Now your assets have been brought back to its native chain, giving you more accessibility and control of your NFTs. From here you can send these assets to a different location or keep them stored in their native wallet.

If you’d like to learn more about Emblem Vault checkout the links below:

Twitter: https://twitter.com/CircuitsOfValue

Youtube: https://www.youtube.com/channel/UCHYE_QLk12tdG0eJFE-z4Ew

Website: https://circuitsofvalue.com/

Telegram: https://t.me/Coval_Chat