Porsche Pulls the Plug on PIONΞERS CIRCLE After Nearly Four Years
The automaker said the 911 NFT collection will stay onchain as it archives Discord and ends active updates to its X account.
- On Thursday, Porsche announced the conclusion of its Web3 project and Pioneers Circle community, confirming that existing 911 nonfungible tokens will remain with holders and continue to exist on the blockchain.
- Launched in January 2023 with a planned supply of 7,500 tokens, the collection faced criticism over pricing shortly after release; Porsche reduced the supply to 2,363 to focus on creating a better experience for its exclusive community.
- According to OpenSea, the collection amassed roughly $20 million in all-time trading volume, but interest has waned sharply, with trading falling to about $38,000 over the past year and around $2,900 over the past month.
- Porsche will convert the Pioneers Circle Discord server into a read-only archive to preserve historical content, while the automaker will no longer actively update the official @eth_porsche account on X.
- Initially framed as a long-term commitment with potential uses in the metaverse and supply chains, Porsche continues to evolve its strategy by adapting to new opportunities despite closing the official initiative.
12 Articles
12 Articles
Porsche pulls the plug on PIONΞERS CIRCLE after nearly four years
Porsche has ended its Web3 project and PIONΞERS CIRCLE community nearly four years after launching its 911 NFT initiative. Porsche said the project had started as an attempt to connect the automaker’s brand with the digital world before developing into…
German car manufacturer Porsche has ended its NFT project, which it had been running for about four years. The community built around the digital 911 collection is also closing down. While the NFTs will remain with their owners, the brand's active support for the project is ending.
Porsche Abandons Web3 Ambitions, Ends Pioneers Circle After 911 NFT
Porsche announced the closure of its Web3 project and the Pioneers Circle community, less than four years after launching its non-fungible token (NFT) collection based on the 911 model. The German automaker confirmed the decision through a post on X, where it noted that the project had evolved beyond its initial technological focus to incorporate ...
Porsche Ends Web3 Project and PIONΞERS CIRCLE
The post Porsche Ends Web3 Project and PIONΞERS CIRCLE appeared first on Coinpedia Fintech News Porsche has announced the conclusion of its Web3 project and PIONΞERS CIRCLE community. The move ends active operations while preserving the project’s digital assets and community history. PORSCHΞ 911 NFTs will remain with their holders on the blockchain. The PIONΞERS Discord server will become a read-only archive. The @eth_porsche X account will no l…
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