The recognized and exclusive jewellery brand Tiffany & Co is ready to sell customized CryptoPunk NFT pendants for 30 ETH each. The promotion is only valid to CryptoPunks holders and it would be a good opportunity for the buyer to receive an additional NFT version of the pendant. The information was released by Tiffany & Co on Twitter a few hours ago.
Tiffany & Co to Sell Customized CryptoPunk NFTs for 30 ETH
In a recently released Tweet, Tiffany & Co announced that they are taking NFTs to the next level by offering new CryptoPunk-like pendants to CryptoPunks’ holders. This is one of the latest trends in the market to attract crypto users and NFT lovers to buy high-quality products such as these pendants.
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
Users can get more information about the new NFTs and the pendants through the official NFT Tiffany & Co website. The sale starts in just 4 days and there is a limited supply of 250 pendants with their respective NFTs. The price of each of these customized CryptoPunk NFTs is 30 ETH.
The official site says about the new NFTiff initiative:
“NFTiffs represent a collection of 250 digital passes, offered by Tiffany & Co. which may be minted when purchased and redeemed by CryptoPunks holders for the creation of a custom designed pendant and a NFT digital artwork that resembles the final jewelry design.”
Designers at Tiffany & Co will be in charge of interpreting each CryptoPunk and creating custom pendants. The team will be covering 87 different attributes and 159 colours. These are the traits present in the collection of 10,000 CryptoPunk NFTs.
Tiffany & Co explains that depending on the CryptoPunk chosen by the person, there will be different gemstones such as Sapphires, Amethyst, and Spinel. By October of this year, clients will receive a render of their piece. However, they would not be able to provide feedback or change the design of the render.
The pendants will also use 18k of rose or yellow gold depending on the colour palette of the NFT that the user presents. Other types of gold (18R and 18Y) will also be included in the NFT. However, this could change according to the characteristics of each NFT and the CryptoPunk selected.
Coming back to the stones, each of the pendants will have at least 30 stones. These stones could be gems and diamonds. It is worth taking into consideration that the carat weight per piece will also vary based on the attributes.
People that have been in the crypto and NFT markets know that CryptoPunk is among the most exclusive and popular collections of NFTs running on top of the Ethereum blockchain. Each of the CryptoPunks has unique traits, making them the only NFT of their kind. Thanks to Tiffany & Co, it is now possible for NFT lovers to get access to some of the most exclusive jewellery companies and get a CryptoPunk pendant built with precious metals.