Luxury brand Tiffany&Co’s NFTTiffs collection raised over $12.5 million within 20 minutes of being on sale for 30 ETH for a pendant. Now the floor price of NFT has been reduced to 26 ETH from the original sale.
NFTTiffs floor price drops to 26 ETH
As updated in a recent Coincu News article, luxury brand Tiffany&Co had a favorable entrance into the NFT space when it launched a collection of CryptoPunks-inspired NFTTiffs.
It is a good sign that when Tiffany has collected more than $12.5 million when all 250 NFTs issued were sold out within 20 minutes with a floor price of 30 ETH equivalent to $51000 as previously announced by the company.
At the moment, the floor price has dropped below the original selling price and the current floor price is 26 ETH. 24-hour volume is $759,270, held by 182 unique addresses.
CryptoPunk NFT owners can exchange their NFTiffs. While anyone (apart from those on a sanctioned list) could purchase an NFTiff, only holders of CryptoPunk are qualified to exchange them for digital art based on their Punk and an associated fine jewelry pendant. Redeeming wallets must have both an NFTiff and a CryptoPunk in order to base the new artwork on them. By August 12, NFTiffs must be redeemed.
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