The sale of CryptoPunk's non-fungible token (NFT) collection has increased by over 248% in the past 24 hours following an exclusive offer by luxury jewelry brand Tiffany&Co for holders of the digital asset.
Earlier, INTRADAY reported that Tiffany&Co has announced the sale of 250 handmade pendants encrusted with diamonds and gemstones worth 30 ETH or the equivalent of $47,700 each (according to the price at the time of writing).
It allows CryptoPunk holders to exchange their NFTs for pendants custom-made by Tiffany&Co artisans using 18k yellow or rose gold based on the NFT's color palette.
The renewed interest in one of the earliest NFT trends led to an extraordinary surge in trading volume, largely driven by the launch of NFTiff.
According to CryptoSlam, the total sale of the CryptoPunk collection in the last 24 hours is 1279 ETH or around $2.16 million.
In the previous 24 hours it was found that the gross sales quantity was only 123 ETH, which is about $200,000 according to NFTPriceFloor.
This shows that the move from the luxury jewelry manufacturer has managed to attract people to get it because of its exclusive offering.
