Tiffany reveals its first NFTs selling for $51,000

Tiffany & Co. reveals its first collection of NFTiffs with a limited edition of 250, and will be sold for 30 ETH

Luxury brand Tiffany & Co is starting their own line of NFTs, which will be put on sale from August 5. The jewellery brand revealed the news in a tweet of a pixelated grid revealing 'NFTiiff'.

The tweet was not shy in revealing the selling price of the upcoming NFTs at 30 Ethereum, or $51,000.

The future is here and it’s called NFTiff.
8/5. 30 ETH. Discover more: https://t.co/8tXkzyJAv8 #NFTiff #TiffanyAndCo pic.twitter.com/P7bIMmVOaB

— Tiffany & Co. (@TiffanyAndCo) July 31, 2022

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

 

Cozomo de’ Medici, an influential NFT trader tweeted that the NFTiffs would be a series of digital and physical pendants for Cryptopunks already owning similar NFTs.

The website promises a limited edition of 250 NFTiffs after the company worked on Web3 for months. Tiffany & Co. initially entered into the NFT world with their purchase of Okapi NFT from Tom Sachs for $380,000 and has set it as the company profile picture on Twitter since then. It also released an exclusive limited edition of TiffCoins which were engraved solid gold coins.