Tiffany's Announces New Collection of Cryptopunk Pendants

Tiffany's Announces New Collection of Cryptopunk Pendants

The luxury jewellery retailer Tiffany & Co. has announced the firm is planning to sell 250 non-fungible token passes called "Nftiff." Cryptopunk holders will be able to get one of the 250 Nftiffs for 30 ether, or roughly 50K USD as per exchange rates.

Limited Edition Cryptopunk Pendants for NFT Holders 

30 ETH was trending on Twitter on Sunday afternoon after the luxury jewellery firm Tiffany & Co. announced: "The future is here and it’s called Nftiff." Nftiff is a new Tiffany’s product that aims to combine the beauty of digital collectibles with luxury jewellery. The company’s blog post about the limited edition Nftiff products notes the collection of 250 digital passes.

However, Tiffany’s Nftiffs can only be purchased by Cryptopunks NFT holders and each customer is limited to buying three Nftiffs. The buyers will get a custom-designed pendant and an NFT that resembles the jewellery. Each Tiffany’s Nftiff will sell for 30 Ethereum (ETH) on August 5, 2022, at 10:00 a.m. (EST). Buyers will get the NFT, pendant, and shipping after paying for the Tiffany’s-brand NFTs.

"Tiffany & Co. designers will interpret each Cryptopunk into custom-designed pendants – converting the 87 attributes and 159 colors that appear across the collection of 10,000 Cryptopunk NFTs to the most similar gemstone or enamel color, " the company’s blog post details. The luxury jewellery company added:

"Depending on which Cryptopunk owners purchase pendants, each piece will use at least 30 gemstones and/or diamonds to create the custom designs with the highest fidelity to the original NFT art. Examples of gemstones include but are not limited to sapphires, amethyst, and spinel. "

Digital Collectibles Spark Conversations on Social Media

Tiffany’s Nftiffs were a topical conversation on Twitter, and many people commented on the exorbitant pricing. "Tiffany’s is releasing 250 NFTs for 30 ETH each, equaling USD 11 million."

Tiffany says that people need to make sure that they are interacting with the official Nftiffs contract, and the firm stresses that nft.tiffany.com is the only site that will sell Tiffany’s Nftiffs. Tiffany’s collaborated with the Web3 and blockchain cloud infrastructure companies Chain and nft.tiffany.com and simply features a countdown clock and a link to the FAQ page.