Tiffany & Co. Drop $50K Web3 Necklace

83: Luxury jewelry brand enters Web3 space with luxury offering

• Tiffany & Co. 💍💎

• NFT News

• DeFi Today

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💍💎 Tiffany & Co. enter the web3 space with a 18K gold pendant NFT drop this week that will cost you $50K.

investrly @investrly

Tiffany & Co. announces limited NFT 18 Karat Gold Pendant drop available to CryptoPunk holders. ⛓ 250 supply 💰 30 ETH mint price 📅 August 5, 2022 nft.Tiffany.com/faq

nft.tiffany.comTiffanyNFTiff is a collection of 250 custom NFTs designed to become a digital and physical pendant of the beholders CryptoPunk designed by Tiffany & Co.

Exclusively available for CryptoPunks holders, only 250 are being offered in this limited supply genesis drop.

Tiffany & Co. @TiffanyAndCo

We’re taking NFTs to the next level. Exclusive to CryptoPunks holders, NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany & Co. artisans. You’ll also receive an additional NFT version of the pendant. Learn more: nft.tiffany.com #NFTiff #TiffanyAndCo

The price point (30 ETH: currently $50K) may seem high at first take but ask yourself is it? Tiffany & Co. is a luxury jewelry brand entering the Web3 space with a luxury offering.

It will be interesting to see which celebrity holders choose to mint, flex, and partake in this drop. Musician and notable blockchain proponent 3LAU was already asking his followers if he should grab one via a poll at time of writing.

3LAU @3LAU

Do I grab the @TiffanyAndCo pendant of my main cryptopunk for 30 ETH ?

Web2 brands continue to enter Web3 in both good and bad ways. This is an entry in our opinion which makes sense as the start of a longer term move by the brand. Jewelry showcasing your Web3 persona in real life offers a major opportunity to merge the physical and digital spaces. We expect this to sell out.

🎨 NFT News

• CryptoPunk #4156 was purchased for 2.69k ETH:

Nick Tomaino @NTmoney

Recently bought Cryptopunk #4156 for $3.31M Here’s why:

• City of Miami partners with TIME, Mastercard, Salesforce to launch 5,000 Ethereum NFTs:

  TIMEPieces ⏰ @timepieces

  We are thrilled to partner with @FrancisSuarez, @VentureMiami, @Mastercard & @salesforce to help bring the @CityofMiami into #web3! This initiative will support local artists & charities in Miami in unprecedented ways! Learn more ⤵️

  

  miamigov.comweb3 Project: City of Miami x TIME, Mastercard & SalesforceMayor Francis X. Suarez announced a partnership with TIME, Mastercard and Salesforce to launch an innovative NFT initiative for the City of Miami designed to drive revenue to local businesses and non-profits through exclusive rewards offerings.

📰 DeFi Today

• AAVE DAO votes to approve creation of GHO stablecoin

Aave @AaveAave

The community has given the greenlight 🟢 for GHO 👻 The next step is voting on the genesis parameters of GHO, look out for a proposal next week on the governance forum

Aave @AaveAave

Voting is now open, ready set GHO https://t.co/HCbFLZ3O4G https://t.co/9HvdY3nFJh

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investrly is written by Founder Michael Rippe. Share your thoughts in the comments. Thank you for reading.