American famous jewelry brand Tiffany (Tiffany) announced the launch of the brand’s first NFT project “NFTiff” on this week, limited to 250, the price of 30ETH, any user holding Cryptopunks as long as the purchase of the NFT,
You can redeem your punks for unique custom gemstone pendants and jewelry-like NFTS.
The first 100 units allocated for the pre-sale were sold out in the early hours, and singer JJ Lin, who owns several blue-chip NFTS, also participated in the pre-sale.
The remaining 150 NFTiffs arrived on the official website at 10:00 PM Beijing time on Saturday (5).
Yesterday’s sale sold out in about 20 minutes, meaning Tiffany successfully raised $12.5 million on its first NFT project, CryptoBriefing noted.
According to the chain data of NFTiffs collated by user @0x_catherine through Dune Analytics, 250 NFTiffs came from 184 individual pustiffs, but only 67 of them have chosen to convert to gemstone pendants at present.
According to the official statement, the deadline for redemption is 9:00 PM Eastern time on August 12, 2022 (9:00 am Beijing time on August 13).
According to the latest data from NFT trading site, NFTiff’s current market capitalization has topped $13 million with over $12 million in trading volume.
However, the floor price of the project on Opensea has dropped to 29.8ETH(now around $51,000), just below the initial price of 30ETH and more than twice the floor price peak of 70ETH yesterday.
Currently, the highest NFTiff price in the secondary market is 55ETH($95,000) for No. 90 sold on the 4th day.
eth Deepak, chief executive of Tiffany’s technology partner Chain, also tweeted yesterday to show its custom pendants exchanged with CryptoPunks #5822 with NFTiffs #069.
Officials expect the physical pendant to be delivered in early 2023.