Porsche shuts down Web3 project, PORSCHΞ 911 NFTs stay with holders
- —The PORSCHΞ 911 collection launched in January 2023 at Art Basel Miami
- —Planned 7,500 NFTs at 0.911 ETH each, but only about 1,800–1,900 were minted
- —Total supply was later capped at 2,363, less than a third of the target
- —Discord and @eth_porsche will switch to read-only mode
Why it matters: Porsche's exit extends a broader retreat by major brands from Web3, leaving NFTs without new utility dependent solely on secondary demand.
Source: Crypto Briefing