Cryptopunk’s Volume Increased by 1,847% After Tiffany & Co. Launched a Special NFT Line.

Aug 2, 2022

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Cryptopunk’s Volume Increased by 1,847% After Tiffany & Co. Launched a Special NFT Line.

Originally posted here.
By: Adewumi Victor

Overview

Anyone can purchase the newly released NFTiff, but Punk holders who already own one can redeem it for a custom pendant. The trading volume of CryptoPunks, one of the sector’s most popular nonfungible token (NFT) collections, increased by 1,847% in 24 hours on Monday. Punk NFTs valued at about $1,226.68 Ether (ETH) were traded during that period. The rise in demand appears to be related to the unveiling of Tiffany & Co.’s own NFT collection, which includes a special perk for Punk holders.

The collection, dubbed “NFTiffs,” comprises 250 digital passes. NFTiffs, minted on the Ethereum …

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