JAKARTA - The German luxury car manufacturer's nonfungible token (NFT) collection Porsche has now reached 2,839 Ether or about US$4.5 million (Rp68 billion) in total sales volume. This was revealed according to data from NFTScan at the time of writing on January 26. The collection has a base price of 2.74 ETH and a price of 9.18 ETH, with more than 1,705 total sales.
Initially NFT was meant to have a total supply of 7,500 NFT, but Porsche suddenly stopped the printing process on January 25 after some users complained of high printing prices and lack of utility for NFT holders.
Supply has since been reduced to 2,363. The NFT initially had a printing price of 0.911 ETH referring to the nameless NFT 911 collection, but many users have complained that they want the price to be reduced to 0.0911 ETH instead.
After community feedback, Porsche announced that it will expand the holder's benefits for behind-the-scenes access to the Porsche world, the joint creation of "Fora's future from Web3," a collection of exclusive physical capsules starting Q2 2023, the opportunity to attend "a Porsche experience that cannot be bought with money", and "private waters" in March 2023.
First launched during Art Basel Miami in November 2022, Porsche NFT was created by a 3D designer and artist based in Hamburg Patrick Vogel and his studio Alt/Mengesis.
This project is an additional element of our digitalization strategy. We have made a commitment for the long term and our Web3 team also has the autonomy to develop innovations in this dimension. Innovation management at Porsche also sees potential in the buying experience, metaverse, and supply chain. Vehicle and sustainability issues are also being considered, said Lutz Meschke, vice chairman of Porsche and executive board members for finance and IT, quoted by Cointelegraph.
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