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Porsche NFTs floor price surged 180%

Porsche NFTs floor price surged 180%

The trade volume of Porsche NFTs has increased by 180% in the past 24 hours, as shown by data from Coingecko.

After receiving criticism from the cryptocurrency community over the high mint price and supply of its non-fungible tokens, the luxury automaker decided on January 25 to stop issuing any more NFTs.

Porche floor price surges

The base price of the set has more than doubled in the past day on secondary markets like OpenSea. OpenSea data shows that the NFTs peaked at 3.33 ETH during that period, before declining to their current level of 2.465 ETH.

Coingecko reports that the collection’s market cap increased 247% to $9.4 million on sales of 1,686 ETH ($2.7 million).

Porsche has been offering new information to its customers.

In a January 25 Twitter thread, Porsche elaborated on its web3 ethos.

Porsche, a maker of high-end sports cars, promised that NFT holders would get VIP treatment at the company’s design studio, engineering headquarters, and other exclusive events. Furthermore, holders would have a say in the development of Porsche’s web3 alongside the company.

Plus, the carmaker promised a real-world realization of the best-looking virtual Porsche NFT selected by public vote.

About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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