Statement: "Today, we are announcing the conclusion of the Porsche Web3 project and PIONΞERS CIRCLE. What began as an exploration of new ways to connect the Porsche spirit with the digital world evolved into much more than a technology initiative." — No specific reason given, but 2022 framing was "long haul" by deputy chair Lutz Meschke (metaverse, purchase journeys, supply chain)* $MAGMA $SAND $NIGHT
- *What stays: 911 NFTs remain on-chain in holders wallets, not burned/revoked/migrated — no buyback or replacement announced — Discord becomes read-only archive (past convos visible, no new posts), X account stops updating — effectively end of active community management*
- *History: Launched Jan 2023, planned 7,500, halted early after pricing + utility complaints, final supply 2,363 — $20M all-time volume OpenSea, but collapsed to $38K past year and $2.9K past month (∼$3K per reports)*
*BREAKING 🚨 Porsche ends Web3 Pioneers Circle after <4 years (Oct 1) 🚗 911 NFTs launched Jan 2023 planned 7.5K → 2,363 after price/utility backlash — tokens stay on-chain in wallets, Discord read-only archive, X @eth_porsche stops updates — was pitched as "long haul" metaverse play by Lutz Meschke 2022 — volume $20M lifetime → $2.9K last month 📉*