Few days ago I wrote a post on Crypto A Part Of Everything Before You Realise It, which emphasized on how different sectors of the labor industry are adopting crypto, especially the fashion industry. The fashion industry is gradually embracing the NFT technology in helping promote their brands and help preserve authenticity. Tiffany & CO, announced it would be releasing its NFT collection made of 250 NFTs and each will cost about 30 ETH. That is almost the amount required to be an Ethereum block validator in the new Ethereum proof of stake mechanism merger.
Well, some people are about to spend that on some luxury brand NFT, but that is not the main reason the crypto punk NFTs are having massive volume sales. Remember crypto punk to be one of the first NFTs, a pixelated punk profile pictures, with no utility except being a profile picture NFT? It’s about to have a special utility all thanks to Tiffany & CO jewelry brand company. As part of the company’s launch of their special NFTs, they have decided to do something special for cryptopunk NFT holders.
They have decided to make a crypto punk pendant replica of all crypto punks for crypto punk holders. This pendant will look like their crypto punks, making it unique and valuable. This has gotten the crypto punk NFT holders excited as they are about to feel special rocking their special crypto punk pendant. This has obviously made the sales volume to increase, people are beginning to see a some reasons to get a crypto punk NFT.
It doesn’t just stop at getting the physical pendant, you also get the NFT version of the pendant, I guess, this way, if you are selling the NFT pendant, you can also attach the physical pendant to it. These crypto punk NFTs cost over $100k, that seems a lot for some NFT, but it’s a digital investment which is considered a good idea depending on what the buyer values.