Tiffany & Co, the world-renowned luxury jewelry and specialty retailer, has announced its entry into the realm of non-fungible tokens (NFTs) through its official Twitter page.
The project, dubbed “NFTiff,” consists of a collection of 250 NFT passes that can be minted and redeemed by CryptoPunks holders for the creation of a custom-designed pendant and an NFT digital artwork that matches the final jewelry design.
Tiffany & Co. artists will design and create the pendant, which will be inspired by the Cryptopunk owner’s Punk NFT – translating the 87 traits and 159 hues found within the collection of 10,000 CryptoPunk NFTs to the most comparable gemstone or enamel color.
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
The pendant will be made of gold, stones, and enamel, and the chain will be 18k gold adjustable between 18″-20″-22″ of rectangular links inspired by the form of square pixels.
Each NFTiff will cost 30 ETH or $50.716,80 (at the time of writing), which includes the NFT, the bespoke pendant, the chain, and shipping/handling.
The NFTiff will be on sale to all eligible users on nft.tiffany.com on August 5, 2022 at 10:00AM EST.