Are You Ready For NFTiff? Tiffany Launches Exclusive Diamond NFT Necklaces for $51,000 Each

• Tiffany, a prominent name in luxury goods for over a century is launching a series of exclusive NFTs.
• NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany & Co. artisans.

Through its official Twitter account, Tiffany has confirmed that it’s not only making an entrance into the NFT world but taking it to the next level as well. Dubbed NFTiff, these exclusive NFTs will be on sale starting August 5th with each going for 30 ETH (around $51,000.) Tiffany further noted that ” 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. ”

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

Founded in 1837, Tiffany & Co. is an American luxury jewelry and specialty retailer. Headquartered in New York City. Its shops primarily sell Jewelry, watches, personal accessories as well as water bottles, and leather goods.  influential NFT trader Cozomo de’ Medici who was speculating about the latest release was a series of digital and physical pendants, made for the owners of Cryptopunks.T

Punk now confirmed pic.twitter.com/uRqG62ChSW

— Cozomo de’ Medici (@CozomoMedici) July 31, 2022

The release comes just months of speculation that Tiffany is considering getting into the Web3 space. Officially, the shop got into the NFT space with the purchase Okapi NFT from Tom Sachs.  The NFT for $380,000 is now set as the company’s profile picture on Twitter.

We are pleased to announce our acquisition of "Okapi" by @tsrocketfactory, marking our entry into the NFT space. #TiffanyAndCo pic.twitter.com/t00vBqerr6

— Tiffany & Co. (@TiffanyAndCo) March 27, 2022

Tiffany Coin?

The Company has also flirted with the idea of launching its own cryptocurrency. “No, we’re not launching our own cryptocurrency,” Tiffany & Co. stated on its website. “But these very real limited-release 18k gold coins are a modern version of our Tiffany Money and celebration of our history.”

The company’s entry and continued involvement in the space is a clear indication that NFTs are not just a fad that goes away with time. Although NFTs have seen a decline in both price and volumes, the fundamental technology and applications remains widely sought after.