August 2, 2022 1:38 PM UTC
August 2, 2022 at 1:38 PM UTC
Luxury and specialty jewelry retailer Tiffany & Co. said the company is moving forward to sell 250 non-fungible passes known as “Nftiff”. primarily, Cryptopunk holders can acquire one of 250 Nftiffs for 30 ether or around $50,000 using current 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 luxury jewelry company Creative Person & Co. (NYSE: TIF) announced, “The future is here and it’s known as Nftiff. Mainly, Nftiff is perhaps a new product from Tiffany which aims to blend the wonders of digital collectibles and luxury jewelry. The company’s log regarding the Nftiff edition product notes that the goods represent a group of 250 digital passes.
However, Tiffany’s Nftiffs can only be purchased by Cryptopunks NFT holders and a customer is limited to purchasing 3 Nftiffs. Consumers can get a custom-designed pendant and NFT that looks like jewelry. Tiffany’s Nftiff can sell for thirty ethereum (ETH) on August 5, 2022 at 10:00 AM EST, and at the time of writing, 50,481 ETH is approximately $50,481. consumers can get the NFT, pendant and shipping when they pay for Tiffany brand NFTs.
“Tiffany & Co. designers can interpret each Cryptopunk into custom-designed pendants – changing the eighty-seven attributes and 159 colors that appear across the gathering of 10,000 Cryptopunk NFTs to the color of gem or enamel the most similar”, details the newspaper of the company. the luxury jewelry company added:
Depending on whether Cryptopunk house owners buy pendants, each bit can use a minimum of 30 gems and/or diamonds to create custom styles with the highest fidelity to the first NFT art. However, gemstone specimens are not limited to sapphires, amethyst, and spinel.
Announcement of Tiffany’s digital collectibles and thus the price of 30 Ether by NFT Spark Conversations on Social Media
Tiffany’s Nftiffs were topical voice communication on Twitter, and many people commented on how expensive they were. “Tiffany’s is 250 NFTs for 30 ETH each = $11 million. during this market,” one person wrote. “My need to start a web3 strategy business will increase every day,” the person said. A person who placed valuable NFTs on jewelry before Tiffany’s came up with the concept, tweeting about Tiffany’s upcoming NFT launch. Nftjeweler.eth said:
When I placed Cryptopunks on jewelry, everyone laughed at me. currently [Tiffany’s] is set to drop 250 punk chains and sell for 30 ETH every day.
Tiffany’s says people should make sure they are interacting with the official Nftiffs contract and so the company points out that nft.tiffany.com is the only website that will sell Tiffany’s