Tiffany & Co to Launch CryptoPunks Pendants Worth $50k

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Tiffany & Co to launch a collection of CryptoPunks pendants showcasing the rarest of punks

Tiffany & Co announced yesterday that it will be launching NFTiff—a physical and digital collection of 250 bespoke pendants featuring CryptoPunks.

The pendants showcasing the faces of CryptoPunks characters will be available on August 5 for $51k (30 ETH). Despite sounding like a lot of money, some CryptoPunks NFTs cost six digits alone.

This collection marks Tiffany’s formal entry into the Web3 sphere. The American luxury jewelry and specialty retailer took to Twitter to reveal how its taking NFTs to the next level:

CryptoPunks and its parent company, Larva Labs, are not involved with the release. Instead, individual Punks owners leverage their intellectual property (IP) rights.

THE CRAFT BEHIND PUNK PENDANTS

Tiffany is making 250 of these pendants from 30 gemstones or diamonds. Few will incorporate Sapphires, Amethyst, and Spinel.

Each pendant will have an 18k rose or yellow gold base engraved with a unique Punk serial number and the Tiffany logo. No personalization is available due to the delicate nature of enamel.

The size of the pendant depends on the NFT. Although, the jewellery shall roughly have a length of 30mm and be 20-30mm in height.

All collectors will also receive an NFT render of their pendant, which they can show off in their wallets to other crypto enthusiasts.

PURCHASE A CRYPTOPUNKS PENDANT

According to the minting contract, 50 of the 250 NFTiff pendants will be available on an allowlist. The remaining 200 will be for sale through a public mint to all Punk holders on August 5 through NFTiff’s official website.

You will need to use a wallet where you can control the private keys. Thus, Coinbase and MetaMask are the way forward.

Anyone interested in getting their hands on a physical Punk must provide identity verification through KYC. Once the proof is approved, they will have the chance to purchase 3 NFTs.

The product will only be available to a small percentage of the already exclusive 10,000 CryptoPunks holders. So, if you’re a member interested in owning a pendant, get in there quickly!

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