Porsche NFT Collection’s Floor Price Records 180% Surge

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.

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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.