Tiffany & Co Announces NFT CryptoPunk Pendants

Priced at 30 Ethereum with a total supply of 250 pieces exclusively available to Punk holders.

NFT
17,272 Hypes 8 Comments

On Sunday, July 31, Tiffany & Co announced that it will be launching its NFT — “NFTiff,” exclusively available to CryptoPunk owners. The collection is made up of 250 digital assets that grant holders access to a one-of-one example of their Punk in the form of a bespoke pendant. Launching on August 5, the pendants will be priced at 30 Ethereum or $51,000 USD.

The NFTiff initiative is led by Alexandre Arnault, Tiffany’s recently appointed executive vice president of product and communications and former president of Rimowa. Just one year after his appointment, the 29-year-old executive brought together collaborations and collaborators like Beyoncé, Jay-Z, Hailey Bieber, and Supreme to the storied 185-year-old American jewelry company.

The process and first examples of the Tiffany Punk pendants began in early April. Since then, another physical example emerged on Twitter from Deepak Thapliyal, the CEO of the blockchain infrastructure company Chain, which is powering the launch of NFTiff.

One aspect of the release that has caught the interest of the community is the fact that CryptoPunks and its parent company Larva Labs are not directly involved with the release — instead, it is made possible by individual Punk owners leveraging their intellectual property (IP) rights.

According to information reported to be found in the minting contract, it appears that 50 of the 250 supply of NFTiffs will be reserved for an allowlist, while the other 200 will be made available in some other form such as a public mint to Punk holders. All interested parties will be required to provide some form of identity verification through KYC and are limited to a purchase amount of three NFTs.

Each of the 250 pendants is said to be made with no less than 30 gemstones or diamonds, including but not limited to Sapphires, Amethyst, and Spinel. All pendants will be made with an 18k rose or yellow gold base that will be engraved with the unique Punk serial number and Tiffany logo on the backside. Lastly, collectors will receive an accompanying NFT render of their pendant.

While the response of the general public seemed to be that 30 ETH was far too high of a price, the product is only going to be made available for a very small percentage of the already exclusive 10,000 CryptoPunk holders — an NFT that currently has a floor price of over $100,000 USD.

While primarily a collectible, wording at the end of Tiffany’s FAQ page refers to the NFTiff as a “pass,” which means that the digital asset may eventually grant privileged access to future offerings.

In other news, MetaMask looks to reduce NFT scams with updated “set approval for all” feature.

For more news about blockchain, cryptocurrency, NFTs, and Web3, visit Hypemoon.com.

Read Full Article

What to Read Next

Tiffany & Co.'s VP Alexandre Arnault Converts His CryptoPunk Into a Pendant
Design

Tiffany & Co.'s VP Alexandre Arnault Converts His CryptoPunk Into a Pendant

Replicating his new NFT profile picture.

Tiffany & Co. Acquires Tom Sachs: Rocket Factory NFT for $380K USD
NFT

Tiffany & Co. Acquires Tom Sachs: Rocket Factory NFT for $380K USD

Announcing a long-term partnership.

Tiffany & Co. Reveals Renewed and Elevated Jewelry Box
Design

Tiffany & Co. Reveals Renewed and Elevated Jewelry Box

Including a custom embossing service.


MSCHF and Tiffany & Co. Come Together for "The Ultimate Participation Trophy"
Design

MSCHF and Tiffany & Co. Come Together for "The Ultimate Participation Trophy"

Handcrafted and limited to just 100 trophies.

New Air Jordan 12 Low Golf Spotted at Rocket Mortgage Classic
Footwear

New Air Jordan 12 Low Golf Spotted at Rocket Mortgage Classic

A fresh colorway surfaces.

Frank Ocean’s Homer Releases “When a Dog Comes To Stay” Collection in New “Chet Blue” Colorway
Fashion

Frank Ocean’s Homer Releases “When a Dog Comes To Stay” Collection in New “Chet Blue” Colorway

Jewelry from the collection is handmade in Italy.

TikTok Kicks Off Gaming Pilot With New In-App Mini-Games
Tech

TikTok Kicks Off Gaming Pilot With New In-App Mini-Games

The six games include a basketball title and more.

Fanatics Unveils Trading Card Sets for ‘Dune’ and ‘Stranger Things’
Toys

Fanatics Unveils Trading Card Sets for ‘Dune’ and ‘Stranger Things’

Through its new card brand, zerocool.

C.P. Company Launches Loyalty Program Offering Exclusive Services and Rewards
Fashion

C.P. Company Launches Loyalty Program Offering Exclusive Services and Rewards

The program is called The Brotherhood.


Former 'The Witcher 3' Developers Now Working on New Game Based in Feudal Japan
Gaming

Former 'The Witcher 3' Developers Now Working on New Game Based in Feudal Japan

Forming a new studio called Dark Passenger.

Wóolis House by Arkham Projects is Arranged Around a Central "Heart"
Design

Wóolis House by Arkham Projects is Arranged Around a Central "Heart"

The project pays homage to ancestral origins.

Hot Toys Re-Creates Murphy From 'RoboCop 3'
Toys

Hot Toys Re-Creates Murphy From 'RoboCop 3'

Complete with his iconic jetpack.

Xiaomi's New Electric Scooter 4 Pro Can Reach 25km/h With 45km of Range
Tech

Xiaomi's New Electric Scooter 4 Pro Can Reach 25km/h With 45km of Range

Constructed with aerospace-grade aluminum.

Daidō Moriyama's Signature Gritty Prints Grace GrowthRing & Supply's Project Rising Drop 07
Fashion

Daidō Moriyama's Signature Gritty Prints Grace GrowthRing & Supply's Project Rising Drop 07

For “imperfect people living in an imperfect society.” 


More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.