Unvault: We’re adding another chain…guess which one!
The Spaces focused on Unvault’s decision to add Polygon, extending its multichain NFT framework beyond Ethereum mainnet to ApeChain, Base, Abstract, BNB Chain, Polygon, and Solana. Aaron Haber and Ernest Lee outlined Unvault’s model: an Origin NFT is escrowed in a secure, audited collection contract on the origin chain, while “Echo” NFT instances exist across supported chains. Only one Echo can be active at a time, preserving a single-asset canonical state without bridging, burning, wrapping, or migrating. They introduced an internal terminology “Bible,” a self-serve legal contract flow going live, and USDC payments across supported chains. The team clarified royalty enforcement via ERC-721C (or equivalents), costs limited to gas plus a $0.69 unvault fee, and no re-mint fees for holders. Q&A covered royalty switching and first-time unvaulting, as well as structuring multi-collection game assets and sharing mint proceeds with Genesis holders via the Divot holder rewards system. Case studies included Skid City’s ~700% volume spike on initial Divot distribution and practical marketing benefits of multichain liquidity. The platform targets launch this quarter, with early-client perks and forthcoming dashboards to automate Divot distributions. Community topics and light banter rounded out the session.
Unvault Spaces Recap: Polygon Integration, Cross-Chain NFT Architecture, Royalties (ERC-721C), Divet Rewards, Client Onboarding, and Community Q&A
Participants and Roles
- Aaron Haber (co-host, Board Council/Unvault)
- Ernest Lee (co-host, partner, Board Council/Unvault; also tax professional)
- Dwayne (community member; exploring Unvault for a project)
- Kyle (Board Ape Gazette; media/community)
- Ty/Tye (Good/Skid/Skin City co-founder; Divet early partner)
- PBC (project founder planning a Genesis collection + in-game assets)
Headline Announcements
- Polygon integration: Unvault is adding Polygon as a supported chain. Rationale: mature EVM ecosystem, enterprise partnerships, and Unvault already has EVM logic in place.
- Launch timing: Unvault platform goes live this quarter. Public site is not live yet for holders, but client onboarding begins now.
- Client legal onboarding: A new self-serve legal contract flow goes live today. Collection owners can submit core details (e.g., contract address) and receive a populated client agreement, pay setup fees, and begin integration.
- Payments: Unvault will accept USDC for client payments across supported chains, not just Ethereum. The team is coordinating with ecosystem contacts (e.g., ApeCoin DeFi lead) to ensure coverage on chains like ApeChain.
Unvault Architecture and Terminology
Aaron and Ernest emphasized that Unvault rethinks cross-chain NFT access without the legacy complexity of migration, burn/replace, or wrapping. Key concepts:
Origin Chain and Origin NFT
- The original contract and minted token live on the origin chain (e.g., a BAYC ERC-721 minted on Ethereum mainnet). This is the provenance anchor.
- Origin NFT is escrowed in an origin collection contract (purpose-built, independently audited). Only the owner can withdraw; neither Unvault nor the collection can move it.
Echo NFT Instances ("Echoes")
- For each supported target chain, Unvault deploys a collection contract that can create an "Echo NFT instance" of the origin token (same token ID, same metadata, same image). Echoes are separate NFTs on their respective chains, tied to the one origin asset.
- Contract owners may pre-mint echoes or allow holders to mint upon first unvault.
Vaulting and Unvaulting (State Switching)
- Vault: lock an NFT instance into the appropriate escrow/collection contract on its chain (origin or echo). Only the owner can unlock.
- Unvault: activate one Echo on a chosen chain; exactly one instance (origin or any echo) can be active at any time. All others remain vaulted/inactive in escrow.
- Result: holders can “move” utility and market access for their asset across supported chains by switching which instance is active, without burns, bridges, or migrations.
What Unvault Is Not
- Not a bridge in the legacy sense (no wrapping/burning/migrating). The team prefers “single-asset, state-switching via contract escrow.” Aaron also used: “canonical state switching escrow system.”
Messaging the Value
- “Your asset everywhere” more precisely captures the behavior than “your NFT everywhere,” because technically echoes are distinct NFTs bound to the origin asset, and only one can be active.
- Benefits: chain-agnostic access to perks/utilities, liquidity across ecosystems, and simpler, safer UX versus legacy migrations.
Non-EVM support
- While EVMs are straightforward for Unvault, the team highlighted Solana to demonstrate non-EVM capability.
Supported Chains (initial wave)
- Ethereum mainnet (origin for many collections)
- ApeChain
- Base
- Abstract
- BNB Chain (a.k.a. Binance Smart Chain)
- Polygon (newly added)
- Solana
Note: Additional chains may be considered over time so long as they are safe and secure.
Royalties, ERC-721C, and Holder Choice
- Royalty-enforced echoes: Echo collections on target chains can be deployed using ERC-721C or similar royalty-enforced standards. This allows blacklisting of non-compliant marketplaces and ensures creator royalties are honored on those chains.
- Optional for holders: No one is forced to switch. If holders do not want to vault/unvault into a 721C echo, they may remain on the legacy origin contract. Provenance and ownership remain intact either way.
- Utility gating: Projects can tie certain utilities (e.g., Unvault’s Divet rewards) to the 721C echo instances. Aaron noted for their own collection (Bulls on the Block), Divet requires moving into the 721C echo and following rules (e.g., no approvals, don’t list during a qualifying window).
- Costs to holders:
- No re-mint fee for echoes. Collections should not charge a new mint; holders already own the asset.
- Holder pays gas and a flat Unvault fee of $0.69 per unvault action.
Divet: Rewards Engine and Case Study
- What Divet does: An automated distribution system that pays participating holders (e.g., from royalties) when they meet policy rules (e.g., hold, do not list, no approvals) during the distribution window.
- Operational upgrade: This quarter, Divet will get a dashboard enabling founders to configure schedules (weekly/monthly/quarterly), rules, and automated disbursements.
- Case study (Good/Skid/Skin City):
- After the first Divet payout, the collection saw a one-day volume spike of ~700%. The community reinvested proceeds by sweeping the floor.
- They hit a second milestone and are preparing the next Divet distribution. Ty confirmed the program has strengthened community engagement and market activity.
- Combined with Unvault: Founders can design “focus days” per chain (e.g., require assets be active on Solana during a distribution) to climb leaderboards, gain discovery with native traders, and funnel new buyers back into the broader ecosystem (e.g., to play on ApeChain).
Client Onboarding, Contracts, and Operations
- Team “Bible”: Janel compiled a comprehensive internal spec (terms, flows, definitions). This is being used to align team, devs, and messaging; informed by stakeholder misconceptions (even experts equate this to bridges). An 85-page patent application underscores novelty.
- Legal contract portal: A front-end experience now populates and delivers the client legal agreement for signature and payment. This streamlines intake for founders and internal processing for Unvault.
- Marketing support: Early clients receive preferential fees and inclusion in Unvault’s launch marketing. Unvault also aims to partner with media/outlets to feature new “Unvault-native” mints and cross-chain activations.
- Payments: Accepting USDC across all supported chains is a design goal; some chains (e.g., ApeChain) may require additional integration work (the team is engaged with ecosystem leads).
Community Q&A and Guidance
Dwayne: How does ERC-721C and royalties interplay, and what’s the cost?
- Answer (Aaron/Ernest): Echo collections can leverage 721C (or similar) for on-chain royalty enforcement. Holders are not forced to vault/unvault into 721C echoes; however, certain utilities (like Divet) can be tied to echo participation. Costs are gas plus a $0.69 unvault fee—no echo re-mint fee.
PBC (project with a Genesis collection and in-game minted assets): Can Genesis holders share proceeds from in-game mints (secondary collection)? Can Unvault handle cross-chain for in-game assets minted on a single chain (e.g., ApeChain)?
- Technical feasibility: Yes. Divet can distribute proceeds to Genesis holders (e.g., via CSV) under a licensing or revenue-sharing structure defined by the project.
- Legal framing: Position the flow as a licensing arrangement from the Genesis IP to the secondary (in-game) collection with an agreed share going back to Genesis holders.
- Strategic suggestion: Even if in-game mints occur on ApeChain, consider Unvaulting those assets across chains to allow broader liquidity, potential arbitrage (e.g., Solana), and user acquisition. New buyers on other chains can later unvault back to ApeChain to use the assets in-game, growing the player base.
- Early signup: If PBC signs now, Unvault will honor first-wave client terms even if the mint is months out.
Kyle (Board Ape Gazette): Confirmed Polygon announcement; shared ecosystem experience with Slab (ApeChain-native card ripping—fun UX, strong engagement). Aaron contrasted with McFarlane Toys RWA drops via “Drip” as a parallel to the broader digital-physical collector trend Unvault tracks.
Taxes (Ernest): If you claim trading activity as a business (to deduct “research” and related spend), gains can be treated as ordinary income instead of capital gains; evaluate trade-offs and consult a professional. Ernest’s firm handles digital asset tax filings.
Practical Examples to Illustrate Unvault
Example (BAYC # 2960):
- Vault the origin ERC-721 on Ethereum mainnet into Unvault’s origin collection contract. Owner retains sole withdrawal rights.
- Unvault an Echo on Polygon to claim Polygon-specific perks. Later vault Polygon, then unvault on ApeChain to claim different perks. Only one instance is active at a time; others remain securely escrowed on their respective chains.
- Token ID, metadata, and rights stay consistent; club utilities recognize the active echo as the same asset.
Founder’s view:
- Deploy echoes on Ethereum, ApeChain, Base, Abstract, BNB Chain, Polygon, and Solana. Liquidity and discovery expand without forcing legacy migrations.
- Choose to pre-mint echoes or let holders mint on first unvault.
- Use 721C (or similar) on echoes for royalty enforcement and optionally tie benefits (e.g., Divet) to participation.
Why This Matters
- For holders: Chain-agnostic access to utility, markets, and perks without technical risk or permanent migrations. Clear, user-controlled custody—no third party can move your token.
- For founders: Bigger surface area for discovery and liquidity; enforceable royalties on echoes; configurable rewards (Divet) that drive volume and retention; no holder backlash from forced migrations.
- For ecosystems: Cross-pollination of users across chains. Non-EVM support (e.g., Solana) demonstrates Unvault’s broader interoperability ambitions.
Next Steps and Calls to Action
- Collections/founders: DM Aaron, Ernest, or @Unvault to access the client onboarding link, review the legal agreement, and secure first-wave terms (preferential fees + launch marketing).
- Projects already using Divet (e.g., Good/Skid/Skin City): Coordinate with the team to unvault across chains and time Divet distributions to maximize cross-chain visibility and growth.
- Community advocates: If you want to pitch Unvault to a collection you support, Aaron and Ernest will provide briefing materials and can join founder calls.
- Timeline: Platform launch this quarter; USDC acceptance expanding across supported chains; Divet dashboard coming online to automate distributions.
Closing
The session clarified Unvault’s core innovation—single-asset, cross-chain state-switching via secure escrow, not bridging—and how it pairs with Divet rewards and 721C echoes to realign incentives for holders and founders. Polygon joins an initial multi-chain lineup spanning both EVM and non-EVM ecosystems, with onboarding now open for early partners.
