Porsche announced on October 1 that it has ended its Web3 project and PIONEERS CIRCLE. According to Odaily, the PORSCHE 911 NFT remains in holders' wallets and on-chain, the PIONEERS Discord server will become a read-only archive, and the @eth_porsche account will stop updating.

The collection was originally planned for 7,500 NFTs and opened for minting in January 2023 at 0.911 ETH each, but 2,363 were ultimately minted. Porsche did not announce any token burn, buyback, migration, or redemption plan, and holders can still keep, transfer, or list the NFTs for trading.

The PORSCHE 911 NFT has recorded cumulative trading volume of nearly $20 million, with about $38,000 in trading volume over the past year and about $2,900 over the past month.