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Luxury jewelry brand Tiffany & Co. has jumped into the world of NFTs with the release of a 1-of-1 rose gold pendant version of NFT CryptoPunk #3167. Alexandre Arnault, the former CEO of RIMOWA, was recently hired as Tiffany & Co.’s Executive Vice President of Product and Communication and is the current owner of the NFT in question which was purchased for 160 ETH (roughly $416,400 USD). Arnault revealed the pendant on Twitter to serious approval from fellow NFT evangelists.

The pendant itself is made of rose gold and enamel with sapphire and Mozambique baguette ruby 3D glasses, along with a yellow diamond round earring stud. This is the first example of Tiffany & Co. recreating an NFT as wearable jewelry but we could see future versions from the brand.

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