After bungling the mint, selling fewer than 2,000 of the planned 7,500 NFTs after buyers balked at the 0.911 ETH (then $1,490) pricetag, the price went nearly exclusively downhill. Now, with the NFTs floundering with floor prices down 96% from launch, Porsche has announced it is ending its "shared adventure".
Porsche shuts down its NFT project with the floor price down 96%
When Porsche announced its Porsche 911 NFT project at Art Basel Miami in 2022, it promised holders "he opportunity to co-create Porsche's future in the Web3 universe". Turns out there wasn't much to that future.