SNEAK PEEK
- Sales of CryptoPunk Ethereum NFT increased by 248% after Tiffany’s release.
- The 18k rose or yellow gold pendants for the CryptoPunk collection will be offered by the NFT’s color scheme.
- Over the past 24 hours, 1279 ETH, or about $2.16 million, have been spent on the CryptoPunk collection, according to CryptoSlam.
According to data from CryptoSlam, the sales volume of the CryptoPunks NFT collection increased by over 248% over the past 24 hours as a result of a unique offer from renowned luxury jewelry and specialty shop Tiffany & Co. for CryptoPunks NFT holders.
On Sunday, Tiffany posted on Twitter that they are elevating NFTs. NFTiff, which is only available to CryptoPunks holders, turns your NFT into a custom pendant made by skilled artists at Tiffany & Co. A second NFT version of the pendant is also included in the package.
The offer to CryptoPunk owners coincided with the announcement that Tiffany & Co. had launched a unique line of NFTs dubbed NFTiffs. These 250 digital passes are available to CryptoPunk owners in exchange for a personalized necklace and an NFT that has the holder’s CryptoPunk’s likeness.
Based on the NFT’s color scheme, the 18k rose or yellow gold pendants for the CryptoPunk collection will be available. The NFTiffs NFTs, according to Tiffany, will go public on August 5th with a floor price of 30 ETH per token, or around $50,000 as of this writing.
According to CryptoSlam, 1279 ETH, or almost $2.16 million, have been spent on the CryptoPunk collection over the last 24 hours. According to NFTPriceFloor, only 123 ETH, or around $200,000, were sold over the previous 24 hours.
CryptoPunks is a collection of 10,000 photographs tokenized as NFTs on the Ethereum blockchain and created by software studio Larva Labs. A digital or physical item’s ownership is effectively transferred using an NFT.
The Bored Ape Yacht Club‘s developer Yuga Labs purchased the CryptoPunks IP in March of this year for an undisclosed sum.
