Tiffany CryptoPunk NFTs are already being ‘flipped’

At a time when non-fungible token buying and selling (NFT) has hit file lows, Tiffany’s NFTs, often known as NFTiffs, are already being flipped for revenue, in line with on chain information. 

One person seems to have resold a Tiffany x Punk NFT at 55 ETH, a greater than an 80% improve from the worth at mint. 

Earlier this week, Tiffany’s unveiled its NFTiff assortment, completely for the CryptoPunk NFT group, powered by blockchain options firm Chain. Alexandre Arnault, son of billionaire LVMH chairman Bernard Arnault, is a CryptoPunk holder himself and had helped spearhead the undertaking. 

There are 250 of those tokens, which CryptoPunk holders can use to get a customized pendant of NFT paintings. The passes price 30 Ethereum, or $50,000. Clients should purchase as much as 3 passes per one pockets.

The corporate invited 100 Punks to purchase their passes early, although how that was decided is unknown. When The Block contacted Chain, media representatives declined to remark. 

Based on information compiled through Dune, the commonest trait NFTiff-holding Punks have is an earring, with seven NFTs out of the 100 minted sporting that trait. 

The remaining 150 NFTiffs go on sale tomorrow.