The American luxury jewelry and specialty retailer, Tiffany & Co. is all set to bling in the NFT space with the launch of ‘NFTiff’. The NFTs would be up for sale at 30 ETH ($50,000) each.
The NFTiff collection by Tiffany & Co. consists of 250 digital passes. The NFT collection can be minted when it is bought and redeemed by CryptoPunks holders. Thus, a custom designed pendant is created along with a NFT digital artwork that resembles the jewelry design.
The NFTiff will be exclusively up for sale on Tiffany till August 12, 2022 at 9:00PM EST.
Note that, you will need to have your CryptoPunk(s) that you wish to render into the pendant in the same wallet as your NFTiff NFT. This website will allow you to select which CryptoPunk(s) you wish to redeem. In case your CryptoPunk(s) are in an offline/cold-storage wallet, you will need to sign a unique access code from that wallet.
Also Read: Cryptopunk #4156 Sold for a Whopping $3.3M
Crafted by Tiffany & Co. artisans, the pendant will be inspired by the Cryptopunk owner’s Punk NFT. It is worth mentioning that each customer can buy a maximum of 3 NFTiffs.
The pendant would be of 30mm x 20-30mm. The jewelry designers will portray each CryptoPunk into custom-designed pendants by interpreting 87 attributes and 159 colors used in 10,000 CryptoPunk NFTs with the most similar gemstone or enamel color.
Each rose or yellow gold pendant will be studded with at least 30 gemstones and/or diamonds to create the custom designs which depends on which CryptoPunk owner purchases the NFT. The gemstones include but are not limited to Amethyst, Sapphires, and Spinel.
Clients will get their respective pieces delivered in early 2023. However, clients won’t be able to give their feedback on the design process.
This move has garnered attention of many crypto enthusiasts including Snoop Dogg. Snoop Dogg who recently made hopeful comments on crypto crash, said that Tiffany punks are rather a high-end punk derivative. He further added, “CryptoArt is *leading* the culture now” and we just can’t deny it.