{"id":79023,"date":"2026-10-03T21:29:08","date_gmt":"2026-10-03T21:29:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/porsche-closes-nft-club-after-20-million-digital-911-experiment-bitcoin-news\/"},"modified":"2026-10-03T21:29:08","modified_gmt":"2026-10-03T21:29:08","slug":"porsche-closes-nft-club-after-20-million-digital-911-experiment-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/porsche-closes-nft-club-after-20-million-digital-911-experiment-bitcoin-news\/","title":{"rendered":"Porsche Closes NFT Club After $20 Million Digital 911 Experiment \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Porsche ended PIONEERS CIRCLE on Oct. 1 while its 911 NFTs remain onchain.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">OpenSea data puts PORSCHE 911 trading near $20 million, but the past month saw about $2,900.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Holders keep 2,363 PORSCHE 911 NFTs as Porsche turns Discord into a read-only archive.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Porsche Parks Its Web3 Experiment<\/h2>\n<p>Porsche\u2019s <a href=\"https:\/\/news.bitcoin.com\/porsche-enters-nft-market-launching-trading-card-platform-fanzone\/\">digital 911 experiment<\/a> has reached the end of the road, but the cars aren\u2019t disappearing. On Oct. 1, the automaker announced the conclusion of its Web3 project and PIONEERS CIRCLE, ending the official community built around its PORSCHE 911 NFT collection.<\/p>\n<p>The tokens remain in holders\u2019 wallets and continue to <a href=\"https:\/\/www.bitcoin.com\/get-started\/blockchain-tech\/infrastructure\/what-is-a-blockchain\/\" target=\"_blank\" rel=\"noopener noreferrer\">exist on the blockchain<\/a>. What gets the ax is everything Porsche built around them: active community management, new posts and the brand-backed club experience that helped give the digital collectibles their identity.<\/p>\n<p>\u201cToday, we are announcing the conclusion of the Porsche Web3 project and PIONEERS CIRCLE,\u201d <a href=\"https:\/\/x.com\/eth_porsche\/status\/2105692323694686342?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">the company stated<\/a>. The PIONEERS Discord server will become a read-only archive, while the @eth_porsche X account will no longer receive active updates.<\/p>\n<p>Porsche announced no burn, buyback, migration or redemption program for the tokens. That leaves owners holding exactly what the blockchain says they own, just without an active Porsche Web3 operation standing behind the experience.<\/p>\n<h2>A 7,500-NFT Plan Hit the Brakes at 2,363<\/h2>\n<p>The story began with considerably bigger ambitions. <a href=\"https:\/\/news.bitcoin.com\/porsche-to-sell-exclusive-design-sketch-as-non-fungible-token\/\">The sports car manufacturer Porsche<\/a> previewed the collection at Art Basel Miami in November 2022, planning 7,500 customizable tokenized 911s. Minting opened in January 2023 at 0.911 ETH apiece, roughly $1,400 to $1,500 at the time. The price itself was a nod to the sports car. Collectors balked.<\/p>\n<figure id=\"attachment_852873\" aria-describedby=\"caption-attachment-852873\" style=\"width:1922px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-852873\" class=\"wp-caption-text\">Image source: nftpricefloor.com on Oct. 3, 2026. At press time the highest bid of a 911 NFT is $257 or 0.096 ETH.<\/figcaption><\/figure>\n<p>The price drew fire, secondary listings <a href=\"https:\/\/nftpricefloor.com\/porsche-911-nft\" target=\"_blank\" rel=\"noopener noreferrer\">slipped below mint<\/a>, and some buyers argued that 0.0911 ETH would have made more sense. Porsche quickly listened to the market and nixed the full 7,500-token run. The mint closed at just 2,363 NFTs. Then came the twist. With supply suddenly much tighter, the collection\u2019s floor price briefly shot to around 3.3 ETH, roughly $5,200 at the time. A mint that had stumbled out of the gate had accidentally created scarcity.<\/p>\n<h2>The Club Became the Product<\/h2>\n<p>Porsche answered the rocky debut by leaning heavily into community benefits. Holders were promised behind-the-scenes access, a role in shaping the company\u2019s Web3 plans, a physical capsule collection, private airdrops and \u201cmoney-can\u2019t-buy\u201d experiences. Some of that became real. Discord sessions, events and racetrack experiences followed.<\/p>\n<p>The grander blockchain vision never quite got cooking with gas. At launch, Porsche talked about blockchain applications extending <a href=\"https:\/\/news.bitcoin.com\/metas-metaverse-is-safe-at-least-for-now\/\">into the metaverse<\/a>, purchasing experiences and the supply chain. Those ideas never became the defining product. Instead, the PIONEERS CIRCLE itself became the practical center of the experiment. Now that center is closing.<\/p>\n<h2>$20 Million in Trading, Then Almost Silence<\/h2>\n<p>The numbers show how much the collection\u2019s economic life belonged to its early days. <a href=\"https:\/\/news.bitcoin.com\/opensea-kicks-sea-token-down-the-road-bets-users-will-stay-for-refunds-and-0-fees\/\">NFT marketplace Opensea<\/a> data shows all-time trading volume near $20 million. Over the past year, volume totaled roughly $38,000. During the past month, it was about $2,900. That is quite a comedown for a collection carrying one of the world\u2019s best-known automotive badges.<\/p>\n<p>Yet Porsche\u2019s exit creates an almost textbook blockchain contradiction. The company can shut the club, freeze the Discord server and stop posting, but it can\u2019t simply make holders\u2019 tokens vanish. Owners can still keep, transfer or list their digital 911s. What changed is harder to <a href=\"https:\/\/www.bitcoin.com\/get-started\/blockchain-tech\/infrastructure\/what-is-a-smart-contract\/\" target=\"_blank\" rel=\"noopener noreferrer\">encode in a smart contract<\/a>. The token remains. The Porsche club wrapped around it does not. Four years after Porsche took the wraps off its digital 911 experiment, the blockchain still has the cars. The showroom has closed.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/porsche-closes-nft-club-after-20-million-digital-911-experiment\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Porsche ended PIONEERS CIRCLE on Oct. 1 while its 911 NFTs remain onchain. OpenSea data puts PORSCHE 911 trading near $20 million, but the past month saw about $2,900. Holders keep 2,363 PORSCHE 911 NFTs as Porsche turns Discord into a read-only archive. Porsche Parks Its [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":79024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79023"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79023"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79024"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}