Tiffany to make pendants for NFT holders from the CryptoPunks collection
The company will issue 250 NFTiff passes that can be exchanged for jewelry that replicates the non-fungible tokens
01.08.2022 - 11:30
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What’s new? Jewelry brand Tiffany & Co. has announced the sale of pendants for NFT holders from the CryptoPunks collection. The company will issue 250 NFTiff passes that can be exchanged for gold and gemstone pieces that replicate the non-fungible tokens. Each customer can purchase a maximum of 3 NFTiff. Sales will begin on August 5, and the pendant will cost 30 ETH (~$50 658 at the August 1 rate).
What else does the press release say? Tiffany designers will turn each token into a unique pendant, with 18 karats rose gold and yellow gold as materials. A total of 87 different attributes and 159 colors are found in the collection, which will also be taken into account when making the jewelry. Each piece will use at least 30 gemstones and/or diamonds to create a custom design. Owners will also receive a digital rendering of the pendant and a certificate of authenticity.
Digital renderings of the pieces will be available by October 2022, customers will not be able to participate in the design process. The expected delivery of the physical good is early 2023.
The campaign was initiated by Tiffany’s vice president Alexandre Arnault, who owns CryptoPunk #3167.
CryptoPunks is one of the first NFT collections on the Ethereum blockchain. It was launched in June 2017 by Larva Labs and purchased by Yuga Labs in 2022. The collection consists of 10 000 NFTs in the form of 24×24 pixel art images of people. As of August 1, the minimum price per token is 25 ETH (~$42 278).
In June, representatives of the South Korean cryptocurrency exchange Korbit issued employee identification cards (IDs) in the form of non-fungible tokens, inspired by NFTs from the CryptoPunks collection.
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