Tiffany & Co. NFT Sale Sells out, Luxury Jewelry Retailer Rakes in $12.5M in Ethereum
On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’s have to be redeemed by August 12 and so far 94 Nftiffs have been redeemed.reported
on Tiffany & Co. revealing an NFT mint called “Nftiff,” a new product crafted by Tiffany’s that combines non-fungible token technology and luxury jewelry. Since then Tiffany’s has hosted its sale and all 250 NFT units sold out, according to a“Depending on which Cryptopunk owners purchase pendants, each piece will use at least 30 gemstones and/or diamonds to create the custom designs with the highest fidelity to the original NFT art,” Tiffany’s explained last week.
Each NFT, otherwise known as Nftiff, sold for 30 ether or just over $50K per NFT on Friday. The combined value of the sale netted more than $12.5 million for the luxury jewelry retailer. “We are sold out of all 250 Nftiff. Until the next mint,” Tiffany’s wrote on Friday.
bastarddegen
nfpoop is waiting for the call for the next launch TiffanyAndCo
How do get around paying taxes on this?
Yep that's the power of Ethereum $ETH SmartContracts
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataGains early Friday in $BTC appeared to reverse after the Labor Department reported that the U.S. economy added 528,000 jobs in July — double the number economists had forecast. Chart of the Day explains the data, presented by cryptocom: cryptocom I truly believe previous dip was to scare retail into selling, allowing institutions to buy cheaper, They were late to the game, they needed a better entry. Follow ArthurBrianR
Source: CoinDesk - 🏆 291. / 63 Read more »
Here Are the Biggest Music NFTs in July: KINGSHIP, Sia, Notorious B.I.G. & MoreFrom Sia to Notorious B.I.G., here are the biggest music NFTs in July. stop trying to make nfts a thing Please stop with the pictures of monkeys and what not. Copy, paste now we all have one 💁🏽♂️ Literally no one cares about these things.
Source: billboard - 🏆 112. / 63 Read more »
BTC, ETH and XRP Price Analysis for August 6Can the popular coins remain bullish on the weekend? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend – Market Updates Bitcoin NewsBitcoin was consolidating above $23,000 to start the weekend, as traders continue to react to yesterday’s payrolls figure. Why are they keepinnn thiss a secret? Nothingg in the world can compare to thiss right now….. 👏👏👏
Source: BTCTN - 🏆 531. / 51 Read more »
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy DigitalA cause for concern? Cryptocurrency mining firm Argo Blockchain is continuing to sell its Bitcoin holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital. (Reporting via coindanslecoin) coindanslecoin 🤔🤔🤔 coindanslecoin So how badly was Galaxy Digital hit with the $LUNA collapse? They may be asking for their money back.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Tiffany's sells out custom Cryptopunk 'NFTiff' pendants for $50,000 eachOn Friday, Tiffany & Co debuted and quickly sold out a limited collection of 250 custom jewel-encrusted pendants for holders of CryptoPunks, a popular early non-fungible token collection. ?
Source: CNN - 🏆 4. / 95 Read more »