Yesterday, I was fixated on NFTiffs, a ground-breaking initiative from Tiffany & Co. designed to sell both physical and digital collectibles that accessorize CryptoPunks, one of the most successful early NFT properties.
In the 24 hours since the announcement, the sales volume of the CryptoPunk collection is up to 1279 ETH, or around $2.16 million, per CryptoSlam. The prior 24-hour period saw a sales volume of just 123 ETH, or about $200,000, per NFTPriceFloor. Clearly, there is a market for luxury-priced hybrid assets. I heard someone call them “phygital collectibles,” an obvious (but unfortunate) portmanteau of physical and digital. Hopefully someone will coin a better phrase to describe this new hybrid asset class.
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