On August 5, 2022, American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) called “Nftiff” was sold. Tiffany’s offered 250 Nftiffs for 30 ethereum per Nftiff, bringing in over $12.5 million from the sale. NFTs created by Tiffany’s must be redeemed by August 12 and to date, 94 Nftiffs have been redeemed.
Tiffany & Co. NFT sale sells for $12.5 million in Ether
Six days ago, Bitcoin.com News reported Tiffany & Co. revealing an NFT mint known as “Nftiff”, a brand new product made by Tiffany’s that mixes non-fungible token technology with luxury jewelry. Since then, Tiffany’s has organized its sale and the 250 NFT items offered, in accordance with a Tweeter revealed by the company on August 5.
Each NFT, otherwise known as Nftiff, sold for 30 ethers or just over $50,000 per NFT on Friday. The sale’s mixed value brought in more than $12.5 million for the chic jewelry retailer. “We are offered on the 250 Nftiff. Until the next mint,” Tiffany wrote on Friday. Information from Dune Analytics means that 94 Nftiffs have been traded to date by a total of 73 Cryptopunk NFT owners. On the same day as the sale, Tiffany’s said:
Nftiff couldn’t be simpler. Buy your NFT through the Nftiff gateway, select your Cryptopunk artisans and Tiffany will craft it into a bespoke pendant.
Nftiffs promote for much less than genuine sale value in secondary markets
Cryptoslam.io metrics show that Nftiff single sale and secondary market gross sales achieved the highest NFT assortment score in terms of gross sales quantity in the past seven days. There have been 299 transactions to date from the 182 owners storing Nftiff NFTs across 48 active wallets. Cryptoslam.io insights and nftgo.io metrics each indicate that there have been established secondary sales for Tiffany’s genuine in-demand value.
Every NFT analytics website presents Nftiff gross sales dropped as little as 27 ether and some for 27.5 and 27.8 ETH by Nftiff. This means owners have offered Nftiffs at a loss in secondary markets, like Nftiff #42, which offered 19 hours in the past for 27 ethers or a hair over $46,000. Currently, as of this writing on Sunday afternoon at 2:00 PM EST, the ground value of Nftiff is back to the 30 ETH worth of Nftiffs originally offered during the Tiffany sale.
What are you focusing on selling Tiffany & Co. Nftiff? Let us know what your focus is on this topic in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Tiffany & Co. Nftiffs
Disclaimer: This text is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or promote, or a suggestion or endorsement of any merchandise, vendor or company. Bitcoin.com does not present funding, tax, authorized or accounting recommendations. Neither the company nor the author is responsible, directly or indirectly, for any injury or loss caused or alleged to be attributable to or in reference to the use of or reliance on any content, material or supplier mentioned in this article.