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First NFTs From Tiffany’s Are Priced at $51,000 Each

A number of NFTs are being introduced by Tiffany & Co., one of the most well-known names in luxury products for more than a century.

The jeweler tweeted a video of a pixelated grid that read: NFTiff as a teaser about its impending sale, which will start on August 5.

The tweet also mentioned a price of 30 Ethereum, which is well over $51,000 at the current exchange rate.

NFTiffs were described as a series of digital and physical pendants manufactured for owners of Cryptopunks that would mimic the NFTs they already own in an image released by the well-known NFT trader Cozomo de’ Medici.

The tweet’s referring website states that there will only be 250 available of the offering. After months of flirting with going more deeply into Web3, Tiffany & Co. has finally launched The NFTiffs, its first NFT offering.

Tiffany & Co. made its first foray into the NFT market in March when it acquired an Okapi NFT from Tom Sachs. According to reports, the luxury goods merchant paid $380,000 for the NFT, which is now the Twitter profile photo for the business.

The next month, it released TiffCoins, a line of special edition gold coins that made their debut on April 1st. There were only 499 solid gold coins produced, and each one had a unique engraving.

“No, we’re not launching our own cryptocurrency. But this very real limited-release 18k gold coins are a modern version of our Tiffany Money and celebration of our history.”

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