Tiffany Sells Out CryptoPunks Pendant Collection On First Day

  • Tiffany sells unique CryptoPunks pendants on day one
  • Branded tokens with the right to issue jewelry sold out in 20 minutes
  • The first necklaces will be sent to the owners by the beginning of next year.

On the first day of the start of sales, Tiffany & Co. has completely sold out its exclusive collection of 250 CryptoPunks NFT-style charms. The company’s revenue amounted to $12.5 million.

Earlier, we already talked about the announcement of this collection. Interest in it turned out to be so high that sales of CryptoPunks tokens jumped by 248%.

On the first day of the presentation, August 5, the jewelry house sold all 250 pendants. Recall that only holders of tokens from the NFT collection of the same name could purchase them.

Each piece was sold for $50,000. However, so far, the owners have not yet received the necklaces themselves. They redeemed “ NFTiffs ” tokens, which give the right to an exclusive pendant.

Each combines unique attributes and is made in the same color as the original image. The pendants are encrusted with natural diamonds.

According to information on the official website of the jewelry house, all buyers must transfer funds before August 12. As for the pendants, the company promises to send the first of them to the owners at the beginning of next year.

It is noteworthy that the jewelry house set a limit during the sale. Each buyer could purchase no more than three branded tokens. This made it possible to minimize the number of speculative transactions.

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