Luxury jewelry and specialty retailer Tiffany & Co has announced that the company plans to sell 250 non-fungible token cards called “Nftiff.” Basically, Cryptopunk holders will be able to get one of the 250 Nftiffs for 30 Ether or roughly $50,000 using the current Ethereum exchange rates.
Tiffany & Co. reveals. About a limited edition Cryptopunk bejeweled necklace backed by 250 non-fungible tokens
30 ETH It was trending on Twitter on Sunday afternoon after luxury jewelry company Tiffany & Co. (NYSE: TIF) announce: “The future is here and it’s called Naftif.” Essentially, Nftiff is a new product from Tiffany that aims to combine the beauty of digital collectibles with fine jewelry. company Blog post About the Limited Edition Nftiff Products notes that the pots represent a set of 250 digital passes.
However, Nftiffs from Tiffany can only be purchased by Cryptopunks NFT holders and the customer is limited to purchasing three Nftiffs. Buyers will receive a custom designed and NFT necklace that looks like jewelry. Each Tiffany Nftiff will be sold for 30 ethereum (ETH) on August 5, 2022, at 10:00 AM (EST), and at the time of writing, 30 ETH Approximately $50,481 USD. Buyers will receive NFT, necklace and shipping after paying for Tiffany’s branded NFTs.
“Designers of Tiffany & Co. will translate each Cryptopunk into custom-designed pendants – converting the 87 and 159 color themes that appear across the range of 10,000 Cryptopunk NFTs to the most similar gemstone or enamel color,” details the company’s blog post. The luxury jewelry company added:
Depending on the Cryptopunk owners purchasing the pendants, each piece will use a minimum of 30 gems and/or diamonds to create custom designs in the highest resolution of original NFT art. Examples of gemstones include but are not limited to sapphire, amethyst, and spinel.
Tiffany digital collectibles and 30 Ether price for all NFT Spark chats announced on social media
Tiffany’s Nftiffs have been a topical conversation on Twitter, and many people have commented on how expensive they are. Tiffany launches 250 NFTs for 30 ETH Each = $11 million. In this market “one individual” Wrote. “My desire to start a Web3 strategy consulting firm is growing every day,” the person added. One individual who said they put NFTs on jewelry before Tiffany came up with the idea, tweeted about Tiffany’s upcoming NFT launch. Nftjeweler.eth He said:
When I put Cryptopunks on jewelry, everyone made fun of me. Currently [Tiffany’s] About to drop 250 Series Punk and sell it for 30 ETH All.
Tiffany says people need to make sure they interact with official Nftiffs a necklace The company asserts that nft.tiffany.com is the only site that will sell Tiffany’s Nftiffs. Tiffany has teamed up with Web3 and blockchain cloud infrastructure company series And nft.tiffany.com simply features a countdown timer and a link to the FAQ page.
What do you think of Tiffany & Co.? Nftiffs coming? Tell us what you think about it in the comments section below.
photo credits: Shutterstock, Pixabay, Wiki Commons, Editorial credit: Claudio Stocco / Shutterstock.com, Nftjeweler.eth via Twitter, Tiffany & Co.
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