The legendary little blue box jeweler says they would be producing 250 custom-designed CryptoPunk pendants, which will only be available for purchase by the owner of the corresponding CryptoPunk non-fungible token. The piece features an 18-karat rose or yellow gold chain, with the CryptoPunk emblem made with precious gemstones and/or diamonds. Tiffany will be selling this NFT and pendant for $50,000. Sean Ryan, CEO of Aqua, discusses the latest trends in the NFT space, in addition to other stories making headlines in the crypto space.

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Tiffany & Co. Sells Custom CryptoPunk Pendants for $50,000

and for more insight on today's headlines in the crypto based ecosystem. We're joined by Sean Ryan Ceo of Aqua Sean first up, let's take a look at this story. Blockchain platform. Solano has suffered a recent hacking hackers recently sold Cryptocurrency from 8000 Salon a wall. It's where crypto holders store their funds. According to the Salon a foundation. The attack also affected several crypto wallet providers, including slope and phantom developers behind the Salon A Blockchain are saying the closed source slope wallet may be responsible for an ongoing exploit. Yes. Uh, my thoughts are listening, hacks are always unfortunate. This is a new industry and both consumers and business providers are figuring out the right way to provide the right security and the right training for consumers. In this case it was a wallet that may have been transmitting the private keys incorrectly. We're still figuring out what happened there, but you know, hacks are part of being a new industry and I think we, as an industry need to do better to educate consumers and to make sure businesses are taking security more seriously. And so what can we do as users to help protect ourselves and keep our tokens safe. The key is make sure you understand how your wallet works, make sure just like any security that you keep your passwords super secure uh, and that you go with trusted wallet providers. Again, this is an early stage industry, so we're seeing some of these exploits take place. We as an industry are getting better at this, but we need to continue to educate consumers and improve our own security. All right sean what I want to get your take on this story. Crypto re users spent 2.7 billion minting N. F. T. S in the first half of 2022. Now, the report came from Blockchain data firm Nansen and it shows that the collectively the top five N. F. T. Collections on ethereum accounted for eight, 8.4% of the overall menting. An overwhelming majority of minting took place on N. F. T. Marketplace Open C. And about half the amount raised stayed with N. F. T. Projects while the other half uh circulated on nonentity wallets. What are your thoughts on that? My thoughts are N. F. T. S continue to be a robust market open C. As the leader in the in the market, we think gaming over time because aqua is a gaming N. F. T. Marketplace, we think gaming will be the largest category over time versus art because gaming has utility. But I think that having seen the robust market continue to in spite of the so called crypto winter continue to be a very large market with assets circulating and being bought and sold. We think that's a key part of what we call play to own and play to own means play the game own the asset, buy or sell it despite the overall price drop in N. F. T. S. You know, we saw a large volume being created this year. What is this signal about popularity and use cases for digital collectibles? I think the signal is this is gonna be a very large market. This is only this is a very young market, it's only a couple of years old, I don't think a year or two ago any of us would have uttered the term N. F. T. And now we talked about it on segments like this so it's moving into the mainstream. We're seeing people move to N. F. T. S. As a discussion at dinner parties, a discussion at the office. So the idea that N. F. T. S a year ago, no one knew what they were and now we talked about it a lot means it's moving into the mainstream and we think gaming overall will be how the mainstream gets to N. F. T. S. Mm. And taking a look at the digital collectible space total N. F. T cells are topping 19 million in the last 24 hours and get this this week. N. F. T. Comes from Tiffany and company. This is the one we want to focus on a ask you about this one. The company announcing is jumping to the web three with its NF tiffs. That's right enough tiffs which is unlike the N. F. T. Because it's these are actual physical art objects which is different from what we're used to now. The legendary little blue blue box drawer said that it would be producing 250 custom designed crypto Punk pendants, which will only be available for purchase by the owner of the corresponding crypto punk non fungible token. So the piece features an 18 carat rose or yellow gold chain with the crypto Punk emblem made with precious gemstones and or diamonds. So what at first are your thoughts on this? Will this work? Whether is this a good idea? So I love it. What we're seeing is mainstream brands, including luxury brands like Tiffany come into the N. F. T. Space and they're connecting a digital asset to a physical asset. So, crypto Punks are a good example of collective a membership club where people feel excited to be part of that club and they want to show it off in a way that now they can not just do it digitally, but they can bring a really beautiful pendant from Tiffany's as one of the ways they show off the membership in that club or society Membership is gonna cost $50,000 for this pendant. Do you think people will be willing to pay for it? I think some people will. I don't think everybody will. I think there's a wide disparity of people who are interested in assets like this. Some are quite wealthy and want to show off at that level and some will be at a much lower level. I think over time we'll see both physical and digital and FTS be anywhere from 10 cents, $200,000. And Tiffany is just a great example of bringing more of this to the mainstream.