Is Tiffany’s CryptoPunk ‘Pendant’ Offering a Positive Sign for Troubled NFT Market?

Tomorrow the esteemed American jeweler, Tiffany & Co., is planning to launch itself into the NFT-sphere with the release of 250 digital passes offered exclusively to CryptoPunk NFT holders. These lucky investors can then mint their CryptoPunk into a custom pendant (available in 18k rose or yellow gold), plus a new NFT, both of which are created in the likeness of the holder’s CryptoPunk character. Tiffany & Co.’s NFTs, known as NFTiffs, are expected to launch with a floor price of 30 ETH, which is equivalent to $52k today.

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Richard Paxton

CEO of the Alacer Group. Sharing the latest news in financial crimes and best practices that enable financial institutions to prevent money laundering.

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