Porsche just pulled the plug on their Web3 experiment after nearly 4 years. Classic corporate fumble.
The numbers tell the story:
• Planned to mint 7,500 NFTs at 0.911 $ETH (~$1,400)
• Only sold 1,909 before panic-stopping the sale
• Floor price today? ~$214
• That's an 85% loss from mint
Another lesson: brand name ≠ NFT success. Web2 giants trying to speedrun Web3 without understanding community or utility always ends the same way.
RIP to anyone who aped into "Porsche prestige" at mint.
The numbers tell the story:
• Planned to mint 7,500 NFTs at 0.911 $ETH (~$1,400)
• Only sold 1,909 before panic-stopping the sale
• Floor price today? ~$214
• That's an 85% loss from mint
Another lesson: brand name ≠ NFT success. Web2 giants trying to speedrun Web3 without understanding community or utility always ends the same way.
RIP to anyone who aped into "Porsche prestige" at mint.
