Jewellery firm Tiffany & Co. will be turning non-fungible tokens (NFTs) into custom pendants as it joins other luxury fashion houses attempting to establish a foothold in the web3 world.
According to Tiffany & Co., the 250 tokens are limited.
The luxury jewellery company announced that CyrptoPunk holders would have to buy one of 250 NFTiff passes by Chain from allowingill allow them to mint a custom pendant based on their NFT.
The company said that the sale for the NFTiff will begin on August 5, 2022 at 10:00AM EST for eligible users.
The price of one NFTiff is 30 ETH. It includes the cost of the NFT, the custom pendant, the chain and shipping and handling.
In terms of design, Tiffany furthermore added that designers would work with 87 attributes and 159 colours. They will appear across the collection of 10,000 CryptoPunk NFTs and match with similar gemstone or enamel colours.
It added that every pendant would include a minimum of 30 gemstones and diamonds with an engraving...
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