According to Coingecko, Porsche NFT collection increased by 180% in the past day, reaching 2.465 Ethereum (ETH), or around $4000.
The high mint price and a limited quantity of the luxury automaker’s NFTs drew criticism from the crypto community, prompting the business to halt NFT minting on January 25.
In the secondary markets, the floor price of the collection has increased by more than 100% in the previous 24 hours. OpenSea data shows that the highest price at which the NFTs were exchanged was 3.33 ETH and that their price has since dropped to the level of 2.465 ETH.
According to Coingecko, the collection’s market worth increased 247%, reaching $9.4 million as its sales volume reached 1686 ETH.
Meanwhile, on January 25, Porsche had a Twitter thread where they explained their web3 philosophy.
Benefits for all holders
→ Behind-the-scenes access to the world of Porsche [starting: Feb 2023]. This will be eye-level conversations with Porsche insiders, guided by who you would like to speak to designers, engineers, racing drivers, ambassador artists or Web3 partners.
— PORSCHΞ (@eth_porsche) January 25, 2023
Porsche, the creator of luxury sports cars, promised its NFT holders exclusive access to the company’s design studio, engineering lab, and special events. Porsche’s web3 future co-creation would also include the holders.
The vehicle manufacturer also promised that the winning virtual Porsche NFT design would be turned into a real product.