Tiffany & Co., an American luxury jewelry store, launched andsellAll 250 NFT tokens are sold out. In about 20 minutes, each NFT was sold for 30 ether (ETH), or about $50,000, generating $12.5 million in revenue for the company.
Tiffany’s NFT is called ” NFTiffs ” which is a dedicated digital pass for CryptoPunk NFT holders and authorizes them to turn their NFTs into custom pendants. Consisting of gems and diamonds, NFTiffs is powered by blockchain technology company Chain.
Those who buy NFTiff must redeem their tokens by August 12, according to the NFTiff website. Tiffany Specified for a made to order pendant. It is expected to ship to buyers early next year if NFTiff holders sell their tokens before sending the hijack. They won’t get hijacked as the website reports. Each customer is entitled to purchase up to three NFTiffs in the sale.
While Tiffany sells out of NFTiff quickly, their floor price is the lowest NFTiff is currently available for. The current floor price is around 27 ETH, or $46,000, which could mean a small loss of value for holders, according to NFTGo reports
It has also been resold by NFTiffs with over $1 million in trading volume over the past 24 hours, according to NFTGo.
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