Porsche NFT minimum price increases by 180%

Porsche NFT collection increased 180% to 2,465 Ethereum (ETH), roughly $4,000, in the past 24 hours, according to Coingecko data.

The luxury car company took on the crypto community reaction due to the high price of minting and supplying his NFTs, forcing him to stop new NFT mints on January 25th.

Minimum price increase

The minimum collection price has more than doubled in the last 24 hours on secondary markets like OpenSea. During the period, NFTs traded at a peak of 3.33 ETH before falling to their current level of 2,465 ETH, according to OpenSea. data.

Additionally, the collection’s sales volume increased to 1,686 ETH ($2.7 million) and its market capitalization increased 247% to $9.4 million, according to Coingecko. data.

Porsche grabs headlines with new revelations

Meanwhile, Porsche clarified its web3 ethos in a January 25 Twitter account. thread.

The iconic automaker said its NFT holders would enjoy certain benefits, including insider access to Porsche’s team of designers, engineers and events. The incumbents would also have a role in the future joint creation of Porsche’s web3.

Furthermore, the car company said that it would create a physical version of the best-designed virtual Porsche NFT after a community vote.

Published in: Ethereal, NFTs

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