Porsche is winding down its Web3 project and Pioneers Circle community nearly four years after its launch. The 911 NFT collection, unveiled in January 2023 with a planned supply of 7,500 tokens, was capped at 2,363 units due to complaints over pricing and lack of utility. Trading volume on OpenSea stands at approximately $20 million all-time, but only $38,000 over the past year and $2,900 over the past month. The NFTs will remain with their holders onchain and the Discord community will be converted to a read-only archive.
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