NFTiff Redemption Window Closing Soon

NFTiff Redemption Window Closing Soon

Update: The deadline for redeeming an NFTiff NFT has now closed. At the conclusion of the redemption period, 218 of the 250 NFTs were redeemed for physical CryptoPunk pendants, leaving only 32 as only NFTs, unable to be redeemed. The floor price for NFTiff NFTs is currently 24 ETH. 

Holders of Tiffany & Co.'s NFTiff NFT have until 9:00 p.m. ET to redeem their NFT for a physical CryptoPunk pendant according to the project website. 

While it was not necessary to own a CryptoPunk NFT to purchase NFTiff, only owners of a CryptoPunks NFT can redeem it for the physical pendant. 

The market for flippers and eventual redeemers has added volatility to the NFTiff floor price over the last week. Since minting at 30 ETH last Friday, the floor had fallen into the low-20s, and has been bought back up to 26.95 ETH at the time of writing. The 26.95 ETH floor price actually represents approximately a 13 percent gain over the last 24 hours according to our project rankings page

With just more than two hours remaining in the redemption window, 207 of the 250 NFTs have been redeemed for a physical CryptoPunk pendant. 

Haven't redeemed your pendant yet? Head to https://nft.tiffany.com and connect your wallet to select a CryptoPunk for redemption ahead of the 9:00 p.m. ET deadline. 

The physical NFTiff pendants are expected to ship in early 2023. Tiffany & Co. partner, Chain, will verify ownership of the NFTiff NFT prior to shipping the physical pendant. If you redeem an NFTiff pendant, but then sell the NFTiff, your order will be automatically voided.

 

More about NFTiff by Tiffany & Co.

NFTiff is an exclusive collection of 250 digital redemption passes created by renowned jeweler Tiffany & Co. on the Ethereum blockchain. While anyone is able to mint the NFTiff NFT, CryptoPunk NFT holders are the only people able to receive the NFTiff benefits. CryptoPunk NFT holders are able to redeem an NFTiff to claim a custom-designed physical Tiffany & Co. pendant of their CryptoPunk, along with a commemorative NFT resembling the pendant design. Each physical pendant created by Tiffany & Co. will feature at least 30 gemstones and/or diamonds. Each physical pendant will be crafted on 18k rose or yellow gold, depending on the base color of the CryptoPunk. 

At the time of publish, the NFTiff by Tiffany & Co. floor price sits at 39.88 ETH, and has stayed relatively flat over the past 24 hours on 5 ETH volume of transactions. Over that same timeframe, no sharp wallets have bought or sold NFTs in the the NFTiff by Tiffany & Co. collection. Catch up on other recent NFTiff by Tiffany & Co. news here.

Recent NFTiff by Tiffany & Co. Sales

#26sold at 12/07 11:12pm for
5.00

Recent NFTiff by Tiffany & Co. Listings

#26listed at 12/08 1:12am for
39.9
#26listed at 12/08 1:12am for
39.9
#26listed at 12/07 11:12pm for
12.0
#26listed at 12/07 11:12pm for
12.0
#26listed at 12/07 6:12pm for
20.0
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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