Porsche scraps NFT project with floor price down 96%

Key points

• Porsche has shut down its 911-themed NFT project PIONΞERS CIRCLE, which offered holders access to events, awards and other opportunities, according to the article.
• The collection minted at 0.911 ETH (about $1,400) in 2023, peaked above 3 ETH, and now has a floor price near 0.077 ETH.
• Porsche said the NFTs will remain with holders on the blockchain, framing the project as "experimentation" amid reported layoffs and falling deliveries.

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