The luxury jeweler notes that NFTiffs represent a collection of 250 digital passes, which may be minted when purchased and redeemed by CryptoPunks holders for the creation of a custom-designed pendant and an NFT digital artwork that resembles the final jewelry design.
The pendant will be designed and crafted by Tiffany & Co. artisans and take inspiration from the Cryptopunk owner’s Punk NFT. It is expected to be around 30mm in length and anywhere from 20-30mm in width.
According to Tiffany & Co., NFTiff clients will receive a render of their piece by October 2022. However, they will not have the ability to participate in the design process or provide feedback on the render.
A presale will open on Wednesday, August 3, 2022, to 100 CryptoPunks holders who the brand has already whitelisted to join the presale. After that, the sale will become open to all eligible users on Friday, August 5, 2022.
Each NFT, including the redeemable pendant that is being designed to look like the NFT avatar, will cost 30 Ethers, which equates to around $47,000. Shoppers will be limited to buying a maximum of three NFTiffs.
All sales will be final.