NFT tokens developed by Tiffany for crypto punk fans will cost more than $ 51,000 each

The jewelry brand Tiffany & Co. has announced the launch of its own collection of non-fungible tokens, according to a tweet.

According to Tiffany & Co. representatives, the NFTiff collection will be available for purchase starting August 5 and will consist of 250 NFTs worth more than $ 51,000 each. The collection will include digital and physical pendants designed for holders of non-fungible CryptoPunks tokens. Earlier, representatives of Tiffany & Co. created a pendant with a CryptoPunk token for the brand’s vice president of communications Alexandre Arnault, which depicted the NFT CryptoPunk #3167 owned by Arnault.

NFTiff is Tiffany & Co.'s first NFT collection, but earlier the jewelry brand acquired an NFT called Okapi, a token in the form of a turquoise rocket that «launches Tiffany & Co. into NFT space.» At the time of the NFT acquisition, Okapi was worth $ 380,000.It is obvious that after launching its own NFT collection, Tiffany & Co. will not stop there. Therefore, it is possible that in the near future Tiffany & Co. will follow Gucci, Prada, and Balenciaga and start accepting cryptocurrency payments in its offline and online stores.