Tiffany sells CryptoPunk NFT pendants at an exorbitant price

The American jewelry Tiffany & Co launches a pendant reserved for owners of NFT CryptoPunk. Each jewel will represent the character linked to the token, and will be sold at an astronomical price …

CryptoPunk NFT owners can now get a handcrafted pendant with their token. This personalized jewel is proposed by the luxury jewelry Tiffany & Cofor the modest $ 50,000 sum.

Each of these pendants has at least 30 gems or diamondsand comes with an 18K gold chain whose clasp is set with five diamonds.

A pendant reserved for CryptoPunks owners

Only holders of a CryptoPunk can take advantage of this exclusive offer. Remembering that it is one of the oldest NFT collectionsconsisting of images of pixelated punk characters.

These characters are widely used as an avatar on Twitter and other social networks, not owners of NFTs or simply by fans who use them as a profile photo without necessarily owning them.

The art style may seem simplistic, but the the average cost of a CryptoPunk is $ 200,000. Despite the decline in the cryptocurrency and NFT market, this collection remains reserved for the rich.

Tiffany & Co conquering the Web3

They there are only 10,000 NFT CryptoPunks, and even fewer owners as some buy several. It is therefore this small but rich audience that Tiffany & Co. wishes to seduce. By purchasing one of these precious charms, CryptoPunk owners will be able to leverage their NFT as a symbol of wealth in the real world.

It is not the first time that Tiffany & Co. is interested in the world of the Web3. In March 2022, the company bought an NFT for $ 380,000. Then he threw it TiffCoin cryptocurrency, but it was an April Fool’s joke. However, this hoax was useful for the marketing campaign of his limited edition 18-karat gold coins.

However, it is interesting to note that the American jewelry industry is targeting NFT holders as new customers potential, rather than trying to attract its traditional customers to buy NFTs.

CryptoPunks reproduced identically with gems

The company claims this pendant will resume the CryptoPunk art style with the utmost fidelity “In particular, we learn that the The 3D glasses will be designed with baguette-cut diamonds.

The the colors will be restored as closely as possible using the natural colors of different gems. The CryptoPunk number will also be engraved on the back. All the details on the making of the jewels are available on the official page at this address.

An NFTiff limited to 250 copies

Each pendant will come with an “NFTiff” NFT, limited to 250 copies. CryptoPunk owners who purchase a pendant will be able to mint their NFTiff and keep or resell it. The sale and minting will begin on 5 August 2022 on the official website dedicated to this address.

This pendant was added to the list of luxury goods related to NFTs. In July 2022, Chevrolet attempted (unsuccessfully) to auction off an NFT that comes with a 2023 Corvette. Likewise, Alfa Romeo includes an NFT with its new Tonale SUV.

Faced with the price of NFTs, the luxury industry has understood that investors have a colossal budget and are looking to target this new audience. Whether the big fish will bite remains to be seen …

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