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Jewelry brand Tiffany launches CryptoPunks pendant! Priced at 30 ETH, fully customizable with over 30 gemstones.

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Jewelry brand Tiffany launches CryptoPunks pendant! Priced at 30 ETH, fully customizable with over 30 gemstones.

The U.S. luxury jeweler Tiffany & Co. has announced the release of 250 digital certificates called "NFTiffs," priced at 30 ETH each and exclusively mintable by owners of CryptoPunks. The holders will receive a CryptoPunks pendant designed by Tiffany & Co. designers in the future.

A Boutique Pendant for Blue Chips

According to the official website of NFTiffs, Tiffany & Co. has transformed the 87 attributes and 159 colors found in the 10,000 CryptoPunks into the most similar gemstone or enamel colors. Designers will customize the pendant styles based on the CryptoPunks owned by NFTiffs buyers, ensuring the use of 18k rose or yellow gold, with each piece incorporating at least 30 gemstones or diamonds to faithfully recreate the appearance of the CryptoPunks.

The size of the pendant will vary depending on the NFT, with a length estimated to be around 3 cm and a width of 2-3 cm. The back of each pendant will be engraved with the CryptoPunk number and the Tiffany & Co. trademark. The official release is expected in 2023.

NFTiffs is set to start selling on their official website at 10 PM Taiwan time on August 5th, with a maximum purchase limit of three per user.

CryptoPunk Statement

According to the official statement from CryptoPunks here, NFTiffs is a collaboration between the blockchain infrastructure company Chain and Tiffany & Co., with no direct involvement from CryptoPunks.

However, through this partnership, it is officially announced that CryptoPunks will receive the same licensing rights as BAYC, allowing the community to create various content and derivative works using their held CryptoPunks.

"This is a great example of what Punks holders can achieve through IP licensing agreements." stated the CryptoPunks official.

What Will the Finished Product Look Like?

Earlier this year, Tiffany & Co.'s Deputy CEO Alexandre Arnault purchased CryptoPunks #3167 for 160 ETH and released a pendant of the same design in April. This suggests that NFTiffs may have been in preparation for quite some time, garnering significant attention from the community.

As one of the collaborating parties, Chain, its CEO Deepak.eth, posted today the finished pendant of CryptoPunks, displaying valuable gemstones lavishly embedded in the design.

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