How much? Tiffany’s reveals first NFTs - at $50,000 a pop

Tiffany & Co. is launching a series of NFTs.

It flagged up the upcoming sale, set to begin on 5th August, by tweeting out a video of a pixelated grid revealing: NFTiff.

The tweet also specified a price of 30 Ethereum (around $50,000 at today’s price).

This will make it the most expensive public sale in NFT history.

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

The initiative is exclusive to holders of CryptoPunks.

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 offering will have a limited supply of 250 which may be minted when purchased and redeemed by CryptoPunks holders for the creation of a custom designed pendant and a NFT digital artwork that resembles the final jewellery design.

The pendant will be designed and crafted by Tiffany & Co. artisans, and inspired by the CryptoPunk owner’s Punk NFT.

Anticipated delivery for the physical good is in early 2023, though the digital NFTiff is available to view once the final rendering is completed as a standalone custom 1 of 1 NFT on the Ethereum blockchain.