CryptoPunks was launched in 2017 and consists of 10,000 unique 8-bit style generated characters stored on the Ethereum blockchain. The collection is “essentially his Web3 art cave painting,” Noah Davis, his new brand leader at CryptoPunks and former head of digital sales at Christie’s, said in his interview with CNN. rice field. “We are talking about his earliest and most enduringly successful community-based NFT project.”
For each NFTiff purchase, a Tiffany designer creates a custom pendant based on the purchaser’s CryptoPunk. Each CryptoPunk has a unique combination of 87 attributes such as medical masks, hats, earrings, and 159 colors reflected in the pendant. Tiffany says each piece will be finished in his 18-carat gold and will feature at least 30 gemstones and diamonds.
Each NFTiff that provides access to a pendant and a corresponding NFT digital rendering costs a lot: 30 ETH, or about $50,000.
CryptoPunks brand head Davis told CNN that the Tiffany pendant is just one iteration of a potential NFT-related project.
“Owning an NFT means owning an entry on the blockchain,” Davis explained. “This is an indelible entry that can never be tampered with, counterfeited, copied or destroyed. It’s powerful.”
Tiffany’s pendant “perfectly represents the licensing that’s about to come,” said Davis. and its new IP is a pendant.To own a pendant IP, you must own CryptoPunk.”
“As we move towards an era where virtual worlds become more important and integral to our life experience, owning virtual goods will become more valuable.” , for these luxury companies to get into this space is great and makes perfect sense at a time when we’re really still in the early days.”
Davis told CNN he hopes the opening up of CryptoPunk owners’ commercial rights will lead to more unique community-driven projects.
“The utility of CryptoPunks is the community,” he added. “The incredible community that already exists is community members, so there’s no need to add more. It’s about amplifying those voices, providing more networking opportunities, and really finding ways to keep punks going.” That’s the goal.”