Are diamonds an NFT holder’s best friend? The answer might be yes for a few hundred CryptoPunks holders, and it could soon be the same for thousands of others. Tiffany & Co., the well-known luxury jeweler and specialty retailer, made a lavish entrance into the NFT space this month, raking in more than $12.5 million from its first NFT collection that sold out less than 30 minutes after launch. Limited to a supply of 250, the exclusive collection is the fruit of a partnership between Tiffany and Chain, a blockchain software development company. Tiffany first announced its unique NFT collection at the start of August. Dubbed NFTiff, each 30 ETH purchase gives buyers a Tiffany pendant of a CryptoPunk in their collection and a digital version that replicates the physical design. The luxury brand said each custom, one-of-a-kind pendant would be made out of 18k rose or yellow gold with at least 30 gemstones. Jewelers will color-match the enamel and gemstones to mimic the Punk’s virtual hues. Anyone can buy an NFTiff, but only CryptoPunk holders have the abil ..
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