On April 7th, Tiffany’s vice president Alexandre Arnault revealed a custom-made pendant modeled on CryptoPunk #3167. This NFT-inspired item comes complete with the official “Tiffany & Co.” logo and the engraving “CryptoPunk #3167” on the back.
According to Arnault’s Twitter feed, Tiffany designers used a base of rose gold and enamel to create this high-end CryptoPunk product. Arnault also said his priceless pendant has a ruby and sapphire to re-create CryptoPunk #3167’s 3D glasses. For a final flourish, Tiffany & Co. added a diamond to mimic the earring in the CryptoPunk #3167 NFT.
The day after Arnault unveiled his CryptoPunk #3167 pendant, he posted a few additional pictures of the design and creation process. Arnault also asked Twitter whether Tiffany & Co. should make similar CryptoPunk pendants for those in the CryptoPunk community.
According to the Twitter poll results, 80 percent of respondents would be interested in buying jewelry based on their CryptoPunk NFT. However, there’s no official word on whether Tiffany & Co. will roll out official CryptoPunks pendants. Also, Arnault said Tiffany & Co. probably wouldn’t design all 10,000 NFTs in the CryptoPunks collection.
Alexandre Arnault gained significant attention in the NFT space when he bought CryptoPunk #3167 in February of 2021. Despite reservations from his father & LVMH CEO Bernard Arnault, Alexandre spent 160 ETH on CryptoPunk #3167. LVMH verified Alexandre Arnault bought CryptoPunk #3167 for $416,400.
Although CryptoPunk #3167 will forever be famous for its Tiffany connection, it’s not an incredibly rare CryptoPunk NFT. According to Rarity Sniper’s data, CryptoPunk #3167 ranks as 7099 out of 10,000. While CryptoPunk #3167’s 3D glasses are somewhat rare at 2.86 percent of the collection, male CryptoPunks aren’t as valuable as women, zombies, apes, or aliens. Over 60 percent of CryptoPunks NFTs are men.
Currently, the floor price for a CryptoPunk NFT on Larva Labs is 65.98 ETH (or $213,928).
Tiffany & Co. “Launches” Into the NFT Collecting Game
News of Arnault’s CryptoPunk pendant comes on the heels of another big NFT announcement from Tiffany. As Rarity Sniper reported, Tiffany & Co. bought a Tom Sachs Rocket Factory NFT a few weeks ago. Tiffany also changed its Twitter profile pic to its new “Okapi” Rocket NFT, which features the Tiffany logo. Reports suggest Tiffany spent 115 ETH (or $380,000) for its new pfp NFT.
On April 1st, Tiffany said it was working on a cryptocurrency called “TiffCoin.” However, since Tiffany released this news on April Fool’s Day, it wasn’t being totally honest with its fans. Following the April 1st announcement, Tiffany revealed it would sell 499 literal gold “TiffCoins” on April 2nd for $9,999 each.
By the way, if “Tom Sachs Rocket” sounds familiar, you may remember Budweiser also bought one of these NFTs. In the summer of 2021, Budweiser changed its Twitter profile after purchasing its “Life of the Party” NFT for $25,000.