Tiffany & Co. has just launched a new collection of NFT-themed pendants and each one comes with a ‘free’ gold pendant.
The collection is limited to 250 pieces, each with a price tag of 30 ETH, equivalent to $51,000 at today’s exchange rate.
These collectibles are exclusively available to holders of CryptoPunks NFTs.
So how does it work?
In order to get access to the collection you have to own at least one collectible from the CryptoPunk series, one of the most popular NFT collections out there.
If you can prove ownership of your CryptoPunk, you will have the opportunity to buy one of the Pendant NFTs for 30 Ethereum.
You can then request a one-of-one physical pendant for your NFT.
Tiffany has used yellow gold and rose gold for the 250 pendants and each one is unique, adorned with different diamonds and gems, including Sapphires and Amethyst.
The CryptoPunk NFTs are actually more expensive than the physical pendant and so that’s something would-be buyers will have to consider.
At the time of writing, the cheapest CryptoPunk NFT you can buy costs around $100,000.
And by the way, even if you own all the CryptoPunks in the world, you’re limited to three pendants only.
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First launched in 2017, the CryptoPunks NFT collection consists of 10,000 portraits inspired by the cyberpunk movement.
Most of the portraits are designed with vintage graphics, and they look like characters out of a videogame from the 1990s.
The collection relies on the Ethereum network and it is the second largest by trading volume, with 23,516 sales (all time) for a combined value of $2.4 billion.
Fun fact: the same company that owns the rights to the CryptoPunks collection also owns the Bored Ape Yacht Club, which is by far the largest and most expensive NFT collection with more than $4.4 billion in sales so far.