Porsche Shuts Down Web3 Project and PIONEERS CIRCLE as 911 NFT Volume Nears $20M
- —Cumulative 911 NFT transaction volume approaches $20 million
- —PIONEERS CIRCLE membership program is closing with the Web3 project
- —The collection had previously traded below its floor price
- —Status of off-chain holder utilities remains unconfirmed
Why it matters: The wind-down of a major brand's NFT program highlights the risk that holder value tied to off-chain perks can disappear when the operator exits.
Source: Coincu