Тиффани announced yesterday that she is releasing her first NFT. The luxury brand has set itself the goal of taking NFTs to a new level. Soon, all CryptoPunks holders will be able to have their CryptoPunk NFT turned into a custom pendant handcrafted by Tiffany & Co employees. In addition, buyers will receive an NFT version of the trailer. Let’s look into what is NFTiff and if this strategy to create NFTs would do the company any good.
What is an NFTiff?
НФТиффс represent a collection of 250 НФТ offered by Tiffany. When a buyer purchases an NFT, they can redeem it for a specially designed CryptoPunk pendant. The pendant is designed and crafted by the artisans of Tiffany & Co. The composition of materials looks like this:
злато
The pendant will be 18k rose or yellow gold based on the color palette of the NFT. The rose and yellow gold perfectly complement the base color of each point type. The lighter base colors and the alien background will be made from 18R, and the two darker base colors will be made from 18Y.
Камен
Each follower will have at least 30 stones. The stones may contain precious stones and/or diamonds. The carat weight per piece will vary depending on the attribute.
Most designs contain bead set diamonds and/or round cut gemstones. Select custom pendants feature fancy stone shapes. For example, Tiffany designers will use baguette stones to create the 3D glasses.
The CryptoPunk colors are represented as accurately as possible using the natural colors of various gems.
Ланац
The pendant also includes an 18k gold adjustable chain inspired by the shape of square pixels. The shackle (connecting device to the pendant) allows for fluid movement of the pendant and is accented with 5 pave diamonds.
A maximum of 250 NFTiffs will be sold in total, of which the maximum order quantity is limited to 3. The Tiffany NFT in conjunction with the pendant costs 30 Ether. At the current Ethereum price of $1650, this corresponds to around $50,000. The sales start is on August 5th.
Even before the NFT was released, the criticism on social media was immense. Above all, the asking price of $50,000 stands out here. So the Twitter user “Greg” tweeted if they didn’t mean $30 instead of the required 30 Eth.
Source: https://cryptoticker.io/en/what-is-nftiff-luxury-brands-enter-nft-market/