Luxe Brand Tiffany Launches 250 CryptoPunk NFT Necklaces for 30ETH


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NFT Community Isn’t Happy With the Price

Following the announcement, the NFT community had mixed reactions on social media, mostly criticizing the enormous price of NFTiffs. However, many CryptoPunk holders were largely excited about the offering from a luxe jewel brand.

One user criticized, saying, “I don’t need Tiffany’s to immortalize my CryptoPunk.”

The co-founder of Blocktones wrote that he isn’t happy with the exorbitant price of each NFT that Tiffany is yet to launch. He said Tiffany would make around 12.7 million on the sale of all NFTs, which is “hilarious.”

While, other users had a bullish stance on the launch, despite their prices. One user questioned the controversy saying, what else do you expect from a luxury jewelry brand?

Founder and CEO of Zen Academy said the launch was an “excellent way to enter the NFT space.”

However, this isn’t the first time Tiffany has entered the world of NFTs. In March 2022, the company purchased an Okapi NFT from contemporary artist Tom Sachs for $380,000.

The NFTiffs are a collaboration with the blockchain-based tech firm Chain.

BAYC Holders Next

In a similar announcement on Sunday, Chains NFT, a collection of 10,000 fully producible fine jewelry assets, announced that Bored Ape Yacht Club NFT holders, which dominated the NFT space, will get a chance to purchase physical and digital memory pendants.

The blockchain firm said this would be a shoutout to Tiffany “for entering the space and bringing millions of new eyes on NFT digital and physical jewelry!”

It also called for collaborations from other NFT communities on the upcoming BAYC pendant sale.





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116 shares, 76 points

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