Tiffany sells out all 250 'NFTiffs' for about $50,000 each

Tiffany sold out all of its 250 NFTs in about 20 minutes on Friday for around $50,000 each.American luxury jewelry retailer Tiffany & Co. debuted and

all 250 non-fungible tokens on Friday in about 20 minutes. Each NFT sold for 30 ether , or about $50,000, generating some $12.5 million in revenue for the company.," which are digital passes exclusive to CryptoPunk NFT holders and give them the right to turn their NFT into a custom pendant, containing gemstones and diamonds. NFTiffs are powered by blockchain technology firm Chain.. As for custom pendants, they are expected to be delivered to buyers early next year.

While Tiffany quickly sold out NFTiffs, their floor price — the lowest price at which an NFTiff is currently available for sale — has declined from its sale price. The current floor price is about 27 ETH or $46,000, which could mean a slight loss for its holders, according to trackerThere have also been resales of NFTiffs, with their trading volume reaching over $1 million in the last 24 hours, according to NFTGo.

Tiffany & Co. has a"clear and forward-thinking vision" for web3, according to Chain CEO Deepak Thapliyal. With NFTiffs, the company"created a memorable piece of history," Thapliyal© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Yogita is a senior reporter at The Block and covers all things crypto.

Bearish

Why is everybodyy silent on thiss?

If they stopp this I can no longer payy my rents……

Why is the mediaa keeping thiss a secret

Alternative headline: “another reminder as to why cryoto deserves this bear market.”

Scam lol

So stupid

ICYMI: they also overreach on their use of IP. JoUrNaLiSM

Whys nonee talkin about this …..

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