Tiffany &Co. will partner with CryptoPunk owners, giving them the right to request an exclusive punk-style necklace with gemstones and diamonds. Advertised necklaces cost 30 ETH.
Tiffany & Co. Announced The First NFTs
Tiffany & co. For over a century, one of the most important names in the luxury goods industry has partnered with CryptoPunk to launch its first NFT products.
The firm also hinted at its upcoming sale, which is scheduled to take place. By posting a video of a pixel, the grid was revealed on August 5th: Nftiff. The tweet also states a price of 30 Ethereum, which equals more than $51,000 at the time of writing. The company says Tiffany designers will work together to match the 87 attributes and 159 colors in the 10,000 CrypoPunk NFT collection to match the most similar enamel or gem color.
Each necklace will contain at least 30 gems and diamonds and have the CryptoPunk version number engraved on the back. Owners will receive a digital photo of the necklace and a certificate of authenticity.
Influential NFT trader Cozomo de’ Medici shared that NFTiffs will be a series of digital and physical necklaces created for CryptoPunk holders to resemble their own NFTs.
With this move, Tiffany & Co joins several high fashion brands trying to establish a foothold in the web3 world and attract a new generation of customers.