Luxury Retailer Tiffany & Co. Announces Jeweled Cryptopunk Pendants Tied to NFTs
The luxury jewelry and specialty retailer Tiffany & Co. announced the firm is planning to sell 250 non-fungible token passes called “Nftiff.” Essentially, Cryptopunk holders will be able to acquire one of the 250 Nftiffs for 30 ether or roughly $50K using today’s ethereum exchange rates. Tiffany & Co. Reveals Limited Edition Jeweled Cryptopunk Pendants Backed by 250 Non-Fungible Tokens 30 ETH was trending on Twitter on Sunday afternoon after the luxury jewelry firm Tiffany & Co. (NYSE: TIF) announced: “The future is here and it’s called Nftiff.”....
Related News
The customized pendants are set to cost 30 ETH a pop and will go on sale on August 5. Luxury jewelry brand Tiffany & Co has announced the sale of 250 diamond and gemstone encrusted pendants for CryptoPunk non-fungible token (NFT) holders. The handcrafted CryptoPunk pendants were announced by the jewelry brand on July 31 on Twitter, and are priced at 30 ETH, equivalent to $50,600 each at the time of writing. We’re taking NFTs to the next level. Exclusive to CryptoPunks holders, NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany & Co. artisans. You’ll also receive an....
On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’s have to be redeemed by August 12 and so far 94 Nftiffs have been redeemed.
Tiffany & Co. NFT Sale Sells Out Gathering $12.5 Million in Ether
Six days ago, Bitcoin.com News reported on Tiffany & Co. revealing an NFT mint called “Nftiff,” a new....
Are diamonds an NFT holder’s best friend? The answer might be yes for a few hundred CryptoPunks holders, and it could soon be the same for thousands of others. Tiffany & Co., the well-known luxury jeweler and specialty retailer, made a lavish entrance into the NFT space this month, raking in more than $12.5 million from its first NFT collection that sold out less than 30 minutes after launch. Limited to a supply of 250, the exclusive collection is the fruit of a partnership between Tiffany and Chain, a blockchain software development company. Tiffany first announced its unique NFT....
Anyone can buy the newly launched NFTiff, but Punk holders who own an NFTiff can also redeem it for a custom pendant. On Monday, the trading volume of CryptoPunks, one of the sector's most popular nonfungible token (NFT) collections, surged by 1,847% over 24 hours. Over $1,226.68 Ether (ETH) worth of Punk NFTs was traded during that time. The surge in interest appears to be tied to luxury jewelry retailer Tiffany & Co. launch of its own NFT collection, which has a special perk for Punk holders.Dubbed "NFTiffs," the collection consists of 250 digital passes. Anyone can purchase NFTiffs,....
Is Tiffany & Co.’s foray into the NFT space genius or ridiculous? They might be on to something, considering there are 10,000 CryptoPunks out there, and Tiffany & Co. is only trying to sell 250 digital passes. For 30 ETH, CryptoPunks holders will get a “custom designed pendant and a NFT digital artwork that resembles […]