Tiffany & Co is Turning CryptoPunk NFTs into Pendants, to Go on Sale on August 5 — How Much Will It Cost you?

Tiffany & Co are turning CryptoPunk NFTs to real life jewelry.

CryptoPunk NFTs are coming to life through Tiffany & Co pendants. The luxury jewelry brand will release a customized pendant based on the NFTs that will go on sale on August 5.

The jewelry brand made the announcement about the handcrafted CryptoPunk pendants on Twitter. Each one costs 30 ether, as of writing, this is equal to approximately $50,689.

Tiffany & Co went to Twitter on July 31 to announce the collaboration and stated, "Exclusive to CryptoPunks holders, NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany & Co. artisans." "You'll also receive an additional NFT version of the pendant."

Tiffany & Co Pendants

Tiffany & Co coins the term NFTiffs. NFTiffs are a collection of 250 digital passes that are being offered by Tiffany & Co. These passes can be minted when they are purchased and redeemed by CryptoPunks holders for the production of a custom-designed pendant as well as an NFT digital artwork that is similar to the finished jewelry design.

When users choose to redeem their NFT for the Tiffany & Co pendant, the artisans of the jewelry company will be responsible for designing and handcrafting the pendant, which will take its design cues from the Cryptopunk owner's Punk NFT.

According to Tiffany & Co, "designers will interpret each CryptoPunk into custom-designed pendants - converting the 87 attributes and 159 colors that appear across the collection of 10,000 CryptoPunk NFTs to the most similar gemstone or enamel color."

Each pendant that will be made will guarantee at least 30 gemstones or diamonds on them depending on the purchased pendants of the CryptoPunk owners.

These pendants will be created in a way that will closely resemble with the highest fidelity to the original NFT art. The color palette of the NFT will determine whether the pendant will be made of 18k rose or yellow gold. Rose and yellow gold will look great together, and they will complement the base color of each punk type.

Some examples of gemstones that will be used are Sapphires, Amethysts, and Spinels, although depending on the NFT, the designers can use a range of stones. The customers will receive a render of their piece by the end of October.

Purchasing Tiffany & Co Jewelry and CryptoPunk NFTs

The Tiffany & Co collaboration with CryptoPunks was met positively by the NFT community, especially to those who are jewelry lovers as well. According to Cointelegraph, CMO of SmartBlocks Agency, Mark Fidelman commented on Twitter that the NFT project is an incredibly tasteful activation. In addition, he also stated, "More Web2 firms looking to dip their toes in Web3 need to be learning from the quality of this $NFTiff offering and taking notes." Here is an image tweeted by Deepak.eth, a sample pendant of the jewelry collaboration.

Each NFTiff will cost 30 ETH which includes the cost of the NFT, the custom pendant, the chain, and shipping/handling.

There will be a total of 250 passes available for purchase for the NFTiff. There is a limit of three NFTiffs that can be purchased by each customer.

Any user from anywhere in the world who correctly fills out the shipping and compliance information can buy the pendant, but customers must be at least 18 years old to agree to the terms and conditions when purchasing the NFTiff.

Users will be required to use a wallet in which they maintain control of the private keys in order to acquire an NFTiff. Wallets such as Meta Mask, Coinbase Wallet, and Trust Wallet are the recommended wallets that were mentioned.