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.
We’re taking NFTs to the next level. Exclusive to CryptoPunks holders, NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany & Co. artisans. You’ll also receive an additional NFT version of the pendant. Learn more: https://t.co/FJwCAxw8TN #NFTiff #TiffanyAndCo pic.twitter.com/pyKlWejHv4
— Tiffany & Co. (@TiffanyAndCo) July 31, 2022
Tiffany & Co. Announced The First NFTs
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.
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.