{"id":544044,"date":"2023-01-26T23:00:00","date_gmt":"2023-01-26T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/porsche-nft-trading-volume-nears-5m-despite-launch-woes-minting-halt\/"},"modified":"2023-01-26T23:00:00","modified_gmt":"2023-01-26T20:00:00","slug":"porsche-nft-trading-volume-nears-5m-despite-launch-woes-minting-halt","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/porsche-nft-trading-volume-nears-5m-despite-launch-woes-minting-halt\/","title":{"rendered":"# Porsche NFT trading volume nears $5M despite launch woes, minting halt"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4071a2062d4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4071a2062d4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/porsche-nft-trading-volume-nears-5m-despite-launch-woes-minting-halt\/#%E2%80%9D_Porsche_NFT_trading_volume_nears_5M_despite_launch_woes_minting_halt_%E2%80%9C\" >&#8221; Porsche NFT trading volume nears $5M despite launch woes, minting halt &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Porsche_NFT_trading_volume_nears_5M_despite_launch_woes_minting_halt_%E2%80%9C\"><\/span>&#8221; Porsche NFT trading volume nears $5M despite launch woes, minting halt &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>German luxury car manufacturer Porsche&#8217;s nonfungible token (NFT) collection\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nftscan.com\/0xccdf1373040d9ca4b5be1392d1945c1dae4a862c?module=Overview\">reached<\/a> 2,839 Ether (ETH) ($4.5 million) in total sales volume, according to data from\u00a0NFTScan at the time of writing on Jan. 26. The collection had a floor price of 2.74 ETH and a high price of 9.18 ETH, with over 1,705 total sales.\u00a0<\/p>\n<p>Originally meant to have a total supply of 7,500 NFTs, Porsche abruptly halted the minting process on Jan. 25 after some users complained of high minting prices and lack of utility for NFT holders. The supply has since been reduced to 2,363. The NFTs originally had a minting price of 0.911 ETH \u2014 referencing the namesake \u201c911\u201d NFT collection \u2014 but many users complained that they wanted the price reduced to 0.0911 ETH instead.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/78b735ce-f705-4551-bd33-cced5f302c9b.jpeg\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>A Porsche 911 NFT. Source: Porsche<\/em><\/figcaption><\/figure>\n<p>After community feedback, Porsche <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/eth_porsche\">announced<\/a> that it would expand holder benefits to behind-the-scenes access to the world of Porsche, co-creation of \u201dPorsche&#8217;s future of Web3,\u201d an exclusive physical capsule collection beginning Q2 2023, the opportunity to attend \u201cmoney-can&#8217;t-buy Porsche experiences,\u201d and a &#8220;private airdrop&#8221; in March 2023. First unveiled during Art Basel Miami in November 2022, the Porsche NFTs were created by Hamburg-based designer and 3D artist Patrick Vogel and his studio Alt\/Shift. Lutz Meschke, Porsche\u2019s deputy chairman and member of the executive board for finance and IT, wrote at the time:\u00a0<\/p>\n<blockquote><p>\u201cThis project is an additional element of our digitalization strategy. We\u2019ve made our commitment for the long haul and our Web3 team has the autonomy to develop innovations in this dimension as well. Innovation management at Porsche also sees potential in the purchasing experience, the metaverse and the supply chain. Vehicle and sustainability issues are also being considered.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/porsche-nft-trading-volume-nears-5m-despite-launch-woes-minting-halt\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Porsche NFT trading volume nears $5M despite launch woes, minting halt &#8220; German luxury car manufacturer Porsche&#8217;s nonfungible token (NFT) collection\u00a0reached 2,839 Ether (ETH) ($4.5 million) in total sales volume, according to data from\u00a0NFTScan at the time of writing on Jan. 26. The collection had a floor price of 2.74 ETH and a high&#8230;<\/p>\n","protected":false},"author":1,"featured_media":544045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/85bd2445-de8d-4a78-9269-f78f6b2a5c07.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,95118,117],"class_list":["post-544044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-nft","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/544044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=544044"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/544044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/544045"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=544044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=544044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=544044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}