Joining the luxury trend, Tiffany & Co. plans to release a collection of 250 non-fungible tokens on Friday, which can be redeemed by buyers for a pendant called an NFTiff, according to a webpage from the jewelry retailer. A presale will open on Wednesday to 100 CryptoPunks holders who have been whitelisted by the brand, per a Tweet from the company.
Each NFT, including the redeemable pendant designed to look like the NFT avatar, costs 30 ethers, according to the NFTiff FAQ webpage. At the time of publishing, that is worth more than $47,000.
Shoppers are limited to buying a maximum of three NFTiffs, which is over $140,000. The collection of NFTs comes from the CryptoPunk collection, a “highly sought after” set of 10,000 NFTs launched in 2017.Retail Dive