Tiffany & Co “sold out” 250 pendants for CryptoPunk holders

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On August 5, the famous jewelry brand Tiffany & Co. sold out of 250 NFTs after only 20 minutes of offering. This has helped the company earn more than 12.5 million USD in profit.

As I reported, Tiffany’s NFTs or NFTtiffs, will allow holders the opportunity to exchange them for a special pendant, decorated with precious stones and diamonds, designed by this fashion house.

According to information from Tiffany’s website, the pendants will be delivered early next year. If the owner sells their NFT token before the time the item arrives, they will not be able to receive it.

“We are taking NFT to the next level. Exclusively for CryptoPunk holders, Tiffany will turn your NFT into a pendant, hand-crafted by the company’s artisans. In addition, you will own the NFT version of the pendant itself.”, said Tiffany representative.

Tiffany quickly sold out of her 250 NFTs. However, currently the floor price of NFT is at 27 ETH (about 46,000 USD). Those who bought had a slight loss.

Famous brands are no stranger in the crypto world. Many brands like Gucci, Balenciaga and FARFETCH already accept crypto as a form of payment.

Famous brands are no stranger in the crypto world. Many brands like Gucci, Balenciaga and FARFETCH already accept crypto as a form of payment.

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