Luxury jewelry and specialty retailer Tiffany& Co. has announced that the company plans to sell 250 non-fiat token passes called “Nftiff.” Essentially, Cryptopunk holders will be able to get one of the 250 Nftiffs for 30 ether, or roughly $50K using today’s Ethereum exchange rate.
Tiffany Co. unveils cryptopunk limited edition pendant with 250 Nftiff tokens
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30 ETHon Twitter Sunday afternoon after luxury jewelry company Tiffany&trended on Twitter Sunday afternoon after luxury jewelry company Tiffany & Co. Co. (NYSE: TIF) announced: “The future is here and it’s called Nftiff.” Essentially, Nftiff is a new Tiffany product that aims to combine the beauty of fine jewelry with digital collectibles; a company blog post about the limited edition Nftiffstates that the product represents a collection of 250 digital paths
However, Tiffany Nftiffs can only be purchased by Cryptopunks NFT holders, and customers are limited to purchasing three Nftiffs. Buyers will get a custom-designed pendant and NFT that mimics a piece of jewelry. Each Tiffany Nftiff will sell for 30 ETH (ETH ETHis approximately $50,481. Buyers will get the NFT, the pendant, and shipping after paying for the Tiffany-branded NFT.
“Tiffany 87 Co. designers interpret each cryptopunk into a custom-designed pendant, translating the 87 attributes and 159 colors that appear throughout the 10,000 cryptopunk NFT collection into the most similar gemstone or enamel color,” the company’s blog post detailed. The luxury jewelry company added
Depending on which pendant the Cryptopunk owner purchases, each piece will feature at least 30 gemstones and/or diamonds to create a custom design that is most faithful to the original NFT art. Examples of gemstones include, but are not limited to, sapphires, amethysts, spinels, etc.
Tiffany’s digital collectibles announcement and 30 Ether price per NFT will be the talk of social media
Tiffany’s Nftiffs became a hot topic on Twitter, with many people commenting on how high they were.” Tiffany “is releasing 250 NFTs at 30per ETH= 11 million yen. In this market,” one individualwrote.” The person added, “My desire to start a web3strategy consulting company is growing by the day. One individual, who said he had blue-chip NFT on his jewelry before Tiffany came up with it, tweeted about the upcoming Tiffany NFT launch. nftjeweler.eth said:
When I put Cryptopunks on Jewelry, people made fun of me. Now [Tiffany’s] is about to drop 250 Punk chains and sell out at 30 ETH each
Tiffany says people need to make sure they are interacting with official Nftiffs contractsand the company stresses that nft.tiffany.com is the only site selling Tiffany Nftiffs. Tiffany worked with Web3 and blockchain cloud infrastructure company. Working with the chain, nft.tiffany.com only displays a countdown clock and a link to the FAQ page.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial credit: Claudio Stocco / Shutterstock.com, Nftjeweler.eth via Twitter, Tiffany & & Co.
