Tiffany & Co. is turning NFTs into luxury custom pendants

Tiffany & Co. is turning NFTs into luxury custom pendants – Talktalk News

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When digital gets physical! Tiffany & Co. is turning NFTs into luxury custom pendants made of gemstones and 18k gold that cost $50,000 APIECE (but shipping and handling ARE included)Tiffany & Co. announced on Sunday that it’s offering 250 ‘NTiff’ digital passes to CryptoPunk holders who want to turn their NFTs into wearable jewelry The bespoke pendants ‘will be designed and crafted by Tiffany & Co. artisans’ and come with an NFT digital artwork of the design, according to the companyWhen the sale starts on Friday, eligible customers can only purchase a maximum of three NTiffs, which cost 30 ETH, or roughly $50,000 The pendants will come in either 18k rose or yellow gold and feature a mix of at least 30 gemstones and enamel, depending on the design Customers are expected to receive a rendering of their piece by October, but the delivery of the physical pendant won’t come until early 2023

Tiffany & Co. is putting a spin on NFTs by turning digital tokens into custom gemstone pendants that cost a whopping $50,000 apiece — but at least they can be worn out in the real world. 

The luxury jewelry company announced on Sunday that it’s offering 250 ‘NTiff’ digital passes exclusively to CryptoPunk holders who are willing to pay big bucks to see their NFTs, or non-fungible tokens, transformed into wearable jewelry.

The bespoke pendants ‘will be designed and crafted by Tiffany & Co. artisans’ and come with an NFT digital artwork of the fine jewelry design,’ according to the brand’s new website dedicated to the project.

Tiffany & Co. announced on Sunday that it’s offering 250 ‘NTiff’ digital passes to CryptoPunk holders who want to turn their NFTs into wearable jewelry

When the sale starts on Friday, eligible customers can only purchase a maximum of three NTiffs, which cost 30 ETH, or roughly $50,000

When the sale starts on Friday, eligible customers can only purchase a maximum of three NTiffs, which cost 30 ETH, or roughly $50,000. 

The price covers the cost of the NFT, the custom pendant, and its matching 18k gold adjustable chain. Customers can breathe a sigh of relief knowing the shipping and handling are also included. 

The pendants will come in either 18k rose or yellow gold and feature a mix of at least 30 gemstones and enamel, depending on the design. 

The bespoke pendants ‘will be designed and crafted by Tiffany & Co. artisans’ and come with an NFT digital artwork of the design, according to the company

Tiffany & Co.’s executive vice president Alexandre Arnault actually shared photos of what the pendants would like on Twitter back in April (pictured) 

There are 10,000 CryptoPunk NFTs and a total of 87 attributes and 159 colors found across the collection of pixelated characters.

What are NFTs?

What is an NFT?  

A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist’s signature that verifies its ownership and authenticity and is permanently attached to the piece.

What do they look like?

Most NFTs include some kind of digital artwork, such as photos, videos, GIFs, and music. Theoretically, anything digital could be turned into an NFT.

Where do you buy them?

At the moment, NFTs are most commonly sold in so-called ‘drops,’ timed online sales by blockchain-backed marketplaces.

Why would I want to own one?

There’s an array of reasons why someone may want to buy an NFT. They are seen as collectors’ items and an investment opportunity because the value could increase.

Tiffany & Co. designers will be tasked with finding the right gemstones to represent CryptoPunk colors as closely as possible.  

Diamonds, sapphires, and amethysts are among the gemstones that will be used.

The website noted that select custom pendants will ‘include fancy stone shapes’ such as baguette stones to create 3D glasses.  

The back of the pendants will be engraved with the CryptoPunk series number along with the Tiffany & Co. logo. 

Customers are expected to receive a rendering of their piece by October, and the digital NFTiff will be available to view after the final rendering is completed.

However, the delivery of the physical pendant won’t come until early 2023. 

When Tiffany & Co. shared the news on Twitter on Sunday, the reviews were mixed. 

‘Seriously?! Punks are cool an all but who’s gonna wear diamond punk pendants?.. worth 30 ETH,’ one person responded.

‘This looks awesome,’ someone else gushed, while another asked: ‘Why would I want an ugly pendant, based on an ugly jpeg?’  

Tiffany & Co.’s executive vice president Alexandre Arnault actually shared photos of what the pendants would like on Twitter back in April.

‘When punks go wild at @TiffanyAndCo,’ he tweeted. ‘#3167 Rose gold and enamel Cryptopunk. Sapphire and Mozambique baguette Ruby glasses, yellow diamond round earring. LFG!’ 

Fans called it ‘dope,’ ‘genius,’ and ‘epic’ at the time. 

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