Porsche said on Oct. 1 that it is shutting down its Web3 project and the PIONEERS CIRCLE community program. The PORSCHE 911 NFT collection will remain in holders’ wallets and on-chain, while the PIONEERS Discord server will be converted into a read-only archive and the @eth_porsche account will stop posting updates. The collection had originally targeted a 7,500-token mint. When minting opened in January 2023, each NFT was priced at 0.911 ETH, but only 2,363 were ultimately minted. Porsche has not announced any burn, buyback, migration, or redemption plan, meaning holders can continue to keep, transfer, or list the NFTs for sale. Trading data cited in the report shows the PORSCHE 911 NFT collection has generated nearly $20 million in cumulative volume, with about $38,000 traded over the past year and roughly $2,900 over the past month. The report cited Bitcoin.com News.
Porsche announced on Oct. 1 that it is ending its Web3 project and PIONEERS CIRCLE.
The PORSCHE 911 NFT collection will remain in holders’ wallets and on-chain. The PIONEERS Discord server will be moved into a read-only archive, and the @eth_porsche account will no longer be updated.
The collection was originally planned with a supply of 7,500 NFTs. Minting opened in January 2023 at 0.911 ETH per token, and 2,363 NFTs were ultimately minted.
Porsche has not disclosed any plan for token burns, buybacks, migration, or redemption. Holders can still keep, transfer, or list the NFTs for sale.
The PORSCHE 911 NFT collection has recorded nearly $20 million in cumulative trading volume. Trading volume over the past year was about $38,000, and volume over the past month was roughly $2,900.
The report cited Bitcoin.com News as the source.
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