Porsche made a foray into the world of NFTs. However, the venture didn’t go as well as planned, as sales were poor. In a surprise turn of events, Porsche NFT closed its minting operations and this is what happend next
According to on-chain data, the Porsche NFT market has seen a total volume of 2,348 ETH from 1,681 trades, with an average of $2,389 per trade. The market also boasts 1,532 unique owners, with 64% of them being one-time buyers.
It is worth noting that only 2,363 out of the total 7,500 NFTs were minted, about 31% of the total NFTs, which makes the Porsche NFTs even rarer. The data shows that 75% of owners own only one item, while 21% hold between 2-3 items. A small percentage, 3%, hold between 4-10 items, 0.5% hold between 11-25 items, and just 0.1% hold between 26-50 items.
Porsche NFT currently ranks first in 24-hour trading volume, reaching 2.05K ETH, and the floor price reached 2.9ETH.
