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Thursday, December 8, 2022

Tiffany & Co Merges With NFT

Tiffany & Co is one of the biggest names in the luxury jewelry world. It is one of the most trusted brands in the world and is famous for making both gold and diamond jewelry. The customer base of the company includes some of the richest and most well-known celebrities from around the world. The company has come up with an innovative idea recently.

According to their recent announcement, the company will be putting on sale 250 pieces of pendants. These pendants will be made from the highest quality gemstones and diamonds and will be available only to the holders of Cryptopunk nonfungible tokens. This is one of the biggest announcements that have come from such a reputed brand recently. Considering the downward curve of the crypto market, most investors are turning their faces away from the market.

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Under such a circumstance, the innovative initiative of Tiffany & Co will be a welcome change for the buyers. The pendants that will be put up for sale have been listed at a price of 30 ETH. This is almost equivalent to an amount of $50,600 at the present rate. The users of the Cryptopunk NFT are very much interested and excited for the sale to go live. Let us learn more about the story in detail below. 

Tiffany & Co Aims To Go Rich

Tiffany & Co has announced that the pendants will be launched on 5th August 2022. They have also mentioned the timing of the launch. According to the company, the mega event will go live at 2 pm UTC. There would be eighty-seven various attributes and one hundred and fifty-nine shades to choose from.  

The NFT token holders can customize their pendants in any of the given combinations they want. The estimated profit of Tiffany & Co is expected to be $12.7 million if all the pendants are sold out. 

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