Porsche’s $NFT collection launched in January 2023 with a planned supply of 7,500 tokens, but the company halted minting after complaints over pricing and lack of utility, leaving the supply at 2,363.
When Porsche unveiled its Web3 plans in 2022, Lutz Meschke, its deputy chairman at the time, said the automaker had made its commitment “for the long haul” and cited potential uses in the metaverse, purchasing experiences and supply chains.
Trading activity has since slowed. According to OpenSea, the collection had roughly $20 million in all-time trading volume, but only about $38,000 over the past year and around $2,900 over the past month.
