@sxtvik
satvik
2 years
If Tiffany & Co. wanted to use NFTs/Blockchain, they could’ve integrated the technology in their supply chain to authenticate products, they could sell NFT gated physical experiences for physical buyers, they could start a digital community, etc. This is a corporate cash grab.
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Replies

@TaylorGerring
tgerring.eth ⚔️🍌
2 years
@sxtvik It’s okay to build a hut for 1 village without having to fix all of the world’s problems at the same time
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@sxtvik
satvik
2 years
@TaylorGerring They’re choosing the wrong village to make their forray into the space. There’s a lot more they could’ve done that would’ve been dramatically more impactful, that’s my point.
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@miguelfaus
Miguel Faus 🎥 CALLADITA FILM
2 years
@sxtvik Satvik I love you my fren but this is just a bad take. It’s a limited edition drop for Punks, who love it and will make it to sell out instantly.
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@sxtvik
satvik
2 years
@miguelfaus Good for the buyers lol. They’re not getting 30 ETH of value from everything that’s been shared so far. But I wish everyone involved luck nonetheless.
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@ozarknft
ozark.eth
2 years
@sxtvik literally my exact thought - why can't we work towards developing a useful infrastructure instead of some cash grab bullshit
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@0xKeef
Keef
2 years
@sxtvik They probably already do tbh. Many have been for years without evening knowing it
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@Brianaverse
Briana
2 years
@sxtvik Not familiar with Aura?
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@davincithreads
Da Vinci 🧵
2 years
@sxtvik Will wait to see what the NFT is for before passing judgement
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@mozying
mozy.eth 🦦
2 years
@sxtvik For 30 ETH, T&C better have an experienced team who’s well prepared to deliver something highly sought after. At least you’d hope. 250 supply is very little given their reach. If it’s tied to a dope, unique physical collection, price and supply could be reasonable. We’ll see 🤷🏾‍♂️
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@GhengisKoin
Ghengis Koin
2 years
@sxtvik If they find their 250 buyers they'll have cash grabbed $11 Mil before taxes. Not exactly a great haul for a brand like Tiffany's, esp considering what a proper entry to web3 could do for them. Old brands entering the new world with Mr. Magoo energy. Many such cases.
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@0xbrownissance
brownissance 🛠️
2 years
@sxtvik Is it not a bit too cynical to label it a cash grab without knowing what exactly it does?
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@TenaciousBit
Tenacious
2 years
@sxtvik Baby steps
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@shotbyspencer
spencer
2 years
@sxtvik You probably just don’t understand it
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@e4c4
e4c4.eth
2 years
@sxtvik They're a jewelry company and they're selling a jewelry pendant based on art that happens to be from a NFT collection, what's so wrong with that...?
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@naruto11eth
Naruto11.eth
2 years
@sxtvik Or this is probably just a very minute experiment from them? 250 pieces times 30 eth = 7500eth. Definitely a lot of capital, but their physical products sell out more and been doing so since years. $3.66B revenue in 2020, so 7500eth seems more or less experiment there.
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@jackpdoteth
jackp.eth
2 years
@sxtvik one thousand steps start with just one 🫡 I know this is engagement farming, but give them a chance
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@Arclegger
Arc
2 years
@sxtvik WAHHHHHHHHHHHHHHHHHHHHHHHHH
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@0xAnav
anav
2 years
@sxtvik Should've waited to see what it was before commenting
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@mypandashallfly
Suren.flac
2 years
@sxtvik Plot twist: it won’t sell out
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@Rahim_mahtab
Rahim Mahtab
2 years
@sxtvik I actually think this is way bigger for web3 than people realize fashion and Lux world because a whole diff thing in the last 10 years coz of pop culture To see a lux brand do this for a web3 native brand is super bullish for nfts culture
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