Porsche ends Web3 project and PIONEERS CIRCLE, with NFT transactions totaling nearly $20 million

Porsche announced the end of the Web3 project and PIONEERS CIRCLE on October 1st. The PORSCHE 911 NFT remains in the holder's wallet and on the chain, the PIONEERS Discord server has been converted to a read-only archive, and the @ eth_porsche account has stopped updating. The original plan for this series was to issue 7500 pieces, which will be minted at 0.911 ETH per piece in January 2023, and ultimately 2363 pieces will be minted. Porsche has not announced plans for token destruction, repurchase, migration, or redemption, and holders can still hold, transfer, or place orders for trading. The cumulative transaction volume of PORSCHE 911 NFT is close to 20 million US dollars, with a transaction volume of about 38000 US dollars in the past year and about 2900 US dollars in the past month. (Source: Bitcoin.com News)