The sports car manufacturer launched an NFT collection featuring its 911 model in a series of 7,500. Apparently in celebration of its iconic vehicle, Porsche has set the mint price for each at 0.911 Ethereum. However, the price does not seem to reflect market sentiment, as one day after the launch roughly 6,000 are still available, some 80% of inventory.
Porsche NFTs Stall
Commentators on Twitter were also not impressed with the arbitrary price point. “No one minting at 0.911 when no buyers here,” said BeniTheJett. “They can’t say the entire NFT community didn’t try to warn them.” Porsche 911 NFTs have been subsequently trading on OpenSea for as low as 0.85 ETH.