Tiffany & Co : NFTiffs owners have until 12 August to claim their bespoke jewellery

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Tiffany & Co. has sold “NFTiffs” to CryptoPunk NFT holders in record time. Owners of these NFTiffs will only have until August 12 to reserve their personalised pendants. Delivery is expected early next year.

 

Last week, Tiffany & Co. offered a limited edition of 250 pendants featuring the NFT CryptoPunk, one of the oldest and most popular NTF collections in the digital art market. NFT CryptoPunk holders had the opportunity to purchase a personalised piece of Tiffany & Co. jewellery featuring their avatars along with an “NFTiff” – non-fungible tokens (JNF or NFT) associated with the pendant series.

 

 

The jewellery house said that each of the pendants will be inspired by the buyer’s NFT Cryptopunk and will be made of 18-carat gold with a minimum of thirty precious stones or diamonds. In addition, a digital version (NFT) of the pendant will be issued to the buyer.

 

Each of the “NFTiffs” sold on the blockchain for 30 ETH (about $50,000 per unit compared to the market price). The auction began on 5 August 2022 on a dedicated site and was due to end on 12 August.  In just 20 minutes, however, all non-fungible Tiffany & Co. tokens found takers.

 

For Tiffany & Co. belonging to the LVMH group, this represents a turnover of 12.5 million dollars.

 

Thus, buyers will have the choice of storing their “NFTiff” in the blockchain or exchanging it for a custom-made Tiffany & Co. pendant. The physical pendant is not expected to be delivered to the buyer until early next year.

 

Tiffany & Co. was delighted with the sale, which was a great success. Especially as this is the brand’s first step into the Web3. The brand alluded to other projects in Web3, which are expected to come to fruition soon.

 

 

 

Read also > [Luxus+ Magazine] A Short History of Luxury: From Audrey Hepburn to Jay-Z and Beyoncé, the crazy saga of Tiffany & Co.

 

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Tiffany & Co. has sold “NFTiffs” to CryptoPunk NFT holders in record time. Owners of these NFTiffs will only have until August 12 to reserve their personalised pendants. Delivery is expected early next year.

 

Last week, Tiffany & Co. offered a limited edition of 250 pendants featuring the NFT CryptoPunk, one of the oldest and most popular NTF collections in the digital art market. NFT CryptoPunk holders had the opportunity to purchase a personalised piece of Tiffany & Co. jewellery featuring their avatars along with an “NFTiff” – non-fungible tokens (JNF or NFT) associated with the pendant series.

 

 

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Tiffany & Co. has sold “NFTiffs” to CryptoPunk NFT holders in record time. Owners of these NFTiffs will only have until August 12 to reserve their personalised pendants. Delivery is expected early next year.

 

Last week, Tiffany & Co. offered a limited edition of 250 pendants featuring the NFT CryptoPunk, one of the oldest and most popular NTF collections in the digital art market. NFT CryptoPunk holders had the opportunity to purchase a personalised piece of Tiffany & Co. jewellery featuring their avatars along with an “NFTiff” – non-fungible tokens (JNF or NFT) associated with the pendant series.

 

 

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Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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