Tiffany is selling custom CryptoPunk pendants for $50,000

Image: Tiffany & Co.

You can get a handcrafted pendant modeled after your NFT from Tiffany & Co for about $50,000. The pendant will hang on an 18K gold chain with five pave diamonds on the clasp.

Only people who own a CryptoPunk can take advantage of the offer. Even after several months of declining sales activity, the average cost of these things is $200,000. If you are rich enough to afford the NFT or the pendant in the first place, you can get your very own transformed into a custom, gem-laden pendant.

Tiffany & Co. has used Web3 before. It bought a $380,000 NFT that looked like a children's drawing. Tiffany decided to make a joke out of its April fool's day coin. Tiffany used the joke as a ruse to promote their 18K gold coins. The jeweler is targeting existing NFT holders as potential customers instead of trying to market NFTs to the people who buy its traditional physical products.

A growing number of high end products have NFTs attached. Last month, Chevy tried to auction off an NFT bundled with a free car, which didn't sell, and Alfa Romeo started including an NFT with its new SUVs.

Tiffany wants to create a pendant with the highest fidelity to the original artwork. On the FAQ page, it lays out all the details about how it will make this NFT-inspired piece of jewelry.

Tiffany says that designers will use baguette stones to create the glasses. Natural colors of gemstones are used to represent theCryptoPunk colors. An actual jewelry-maker had to sit there and try to figure out how to make a pair of 3D glasses on a pendant.

You can get an idea of what the pendant might look like by looking at these photos. He shows off a pendant that looks a lot like the one on his profile picture. There is a number on the back of it.

Tiffany is known for its clever name for an NFT. It only sells 250 NFTiffs, which Tiffany says can be redeemed for coins. The NFTiffs and their respective pendants will be on sale on August 5th at 10AM.