Remember The NFT Tiffany & Co. Sold For 30 ETH? Ludes In 20 Minutes!

NFT Tiffany sold out in 20 minutes. (Photo: doc. ITC)

JAKARTA The popularity of non-fungible tokens (NFT) is skyrocketing. One of them is NFT CryptoPunks which has attracted the attention of top celebrities. In addition, NFT CryptoPunks has also succeeded in making a number of large, narrow companies such as Tag Heuer and Tiffany & Co.

Tiffany & Co. is a leading jewelry company that some time ago made 250 items of jewelry in the form of NFT CryptoPunks. Each of these jewelry is priced at 30 ETH. Jewelry is equipped with a number of diamonds.

Reportedly, the NFT CryptoPunks jewelry made by Tiffany has been sold out in 20 minutes. From these sales, Tiffany managed to raise around 12.5 million US dollars (around Rp. 185 billion). This makes Tiffany & Co. to the list of luxury companies that show interest in NFT digital art and cryptocurrencies.

Launching NFT Evening, Tiffany & Co. has become the latest major brand to enter the world of NFT with an exclusive Ethereum-based NFT collection, and appropriate physical jewelry. In particular, his collection was launched on Friday and sold out in 20 minutes. 30 ETH, priced at around 50.000 US dollars at the time. The company made 12.5 million US dollars in that time period.

However, of course, it has not been confirmed how much the company has made from the sale. Every item from the collection of Tiffany & Co NFT, which they titled 'NFTiff', can be directly used to redeem physical scrubs from world-famous jewelry stores.

Each switch can be classified as the luxury item itself, made of gold and other precious stones, each of which is chosen to recreate the characteristics of Cryptopunks. These Liontins will be delivered early next year, as they will be made until then.

Who is the NFT Tiff Buyer?

The NFT CryptoPunks jewelry is actually sold to the public. However, in this case, it is used by the NFT CryptoPunks holder who can have it according to the NFT character they have.

For additional information, Tiffany & Co is an American luxury jewelry retailer. The company has a headquarters on Fifth Avenue, New York. Founded in 1837 as 'Tiffany, Young and Ellis'. Since then, they have created a name for themselves as one of the best and most luxurious jewelry in the world.

However, the name Tiffany is already famous for her diamond and silver jewelry. They currently have 326 locations worldwide, employing 14,000 people. Tiffany & Co NFT's move shows a new, innovative and modern side to the company, which we may not have seen much before, as they focus on traditional jewelry.

On the other hand, Tiffany & Co., as a luxury jewelry company, has shown interest in NFT digital assets and cryptocurrencies with luxury watch manufacturer Tag Heuer. Tag Heuer himself plans to feature NFTs in his digital watches.