Written by By Zoe Sottile, CNN
CryptoPunks was launched in 2017 and consists of 10,000 unique 8-bit-style generated characters stored on the Ethereum blockchain. The collection is “essentially the cave paintings of Web3 art,” said Noah Davis, CryptoPunks’ new brand lead and former head of digital sales at Christie’s, in an interview with CNN. “We’re talking about the earliest successful, and enduringly so, community-based NFT project.”
For each NFTiff purchased, Tiffany designers will create a custom pendant based on the buyer’s CryptoPunk. Each CryptoPunk has a unique combination of 87 attributes like a medical mask, a hat, or an earring, and 159 colors which will be reflected in the pendant. Each piece will be rendered in 18-karat gold and feature at least 30 gemstones and/or diamonds, Tiffany said.
Each NFTiff, which provides access to a pendant and a matching NFT digital rendering, costs a pretty penny: 30 ETH, or around $50,000.
Davis, CryptoPunks’ brand lead, told CNN the Tiffany pendants are just one iteration of possible projects tied to the NFTs.
“Owning an NFT means that you own an entry on the blockchain,” Davis explained. “It’s an indelible entry that can never be modified fraudulently, cannot be faked, cannot be copied, cannot be destroyed. It’s there forever. Owning an NFT is a really powerful thing for the digital era.”
