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Tiffany & Co. NFT drop sells out in an instant

Luxury jeweler Tiffany & Co. has made a rather lavish entrance into the NFT space after its collection of 250 CryptoPunks-themed collectibles sold out in less than an...
Tiffany & Co. NFT drop sells out in an instant Tiffany & Co. NFT drop sells out in an instant

Luxury jeweler Tiffany & Co. has made a rather lavish entrance into the NFT space after its collection of 250 CryptoPunks-themed collectibles sold out in less than an hour.

Dubbed “NFTiffs,” the limited edition Ethereum-based digital collectibles were priced at 30 ETH (around $50,000 at today’s prices) each. The series of 250 CryptoPunks-inspired digital passes sold out in around 20 minutes, generating more than $12.5 million for the company.

The world-famous luxury jeweler tapped on Chain Protocol to launch the collection on the Ethereum blockchain.

As reported by BTC PEERS, the NFTiffs digital passes can be redeemed by CryptoPunk holders for a digital artwork based on their original Punk. They can be “minted when purchased and redeemed for the creation of a custom-designed pendant and an NFT digital artwork that resembles the final jewelry design,” the company said in a Sunday announcement.

For clarity, while anyone could purchase an NFTiff, only CryptoPunk holders are eligible to redeem them for digital art and a corresponding custom-designed jewelry pendant. Moreover, NFTiffs must be redeemed by August 12.

As for the pendants, they will be made of gold and other precious stones, with each piece featuring a minimum of 30 gemstones and diamonds, in addition to an engraving of the Punk’s edition number behind. They are expected to ship in early 2023.

As of press time, the floor price of the NFT collection had declined slightly to 28.9 ETH on OpenSea, recording a trading volume of just above 600 ETH in less than 24 hours.

Continue reading on BTC Peers

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11-08-2022 21:45:41 (UTC+7)

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 EUR/USD1.0337↑ Sell
 GBP/USD1.2228↑ Sell
 USD/JPY132.62↑ Buy
 AUD/USD0.7117↑ Sell
 USD/CAD1.2750↑ Buy
 EUR/JPY137.09Neutral
 EUR/CHF0.9714↑ Sell
 Gold1,808.85↑ Sell
 Silver20.445↑ Sell
 Copper3.7040↑ Buy
 Crude Oil WTI92.93Buy
 Brent Oil98.37Buy
 Natural Gas8.450↑ Buy
 US Coffee C222.03↑ Sell
 Euro Stoxx 503,756.35↑ Sell
 S&P 5004,245.79↑ Sell
 DAX13,712.53↑ Sell
 FTSE 1007,473.15↑ Sell
 Hang Seng20,082.43↑ Buy
 Small Cap 20001,998.05Neutral
 IBEX 358,381.41Buy
 BASF43.695↑ Buy
 Bayer51.73↑ Buy
 Allianz179.17Neutral
 Adidas172.86↑ Sell
 Lufthansa6.540↑ Sell
 Siemens AG110.02↑ Buy
 Deutsche Bank AG8.899Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,610/ 6,710
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SJC Danang6,620/ 6,722
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SJC Nhatrang6,620/ 6,722
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Cập nhật lúc 18:49:20 11/08/2022
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