Porsche criticized for ‘low effort’ NFT, ends mint early

Automaker Porsche had to halt minting a non-fungible token (NFT) of its famous white 911 model just two days after public minting began, saying its “holders have spoken.”

The January 23 launch was seen by some as a huge flop for Porsche with only 2,040 of the available 7,500 NFTs sold at the time of writing.

Our headlines have spoken. We are going to cut off our supply and stop the mint to move forward with creating the best experience for an exclusive community. More information in the next few hours.

— PORSCHΞ (@eth_porsche) January 24, 2023

The mint was widely criticized by the crypto community for being “low effort”, “deaf”, and overpriced. The price of the NFTs was set at 0.911 Ether (ETH) ($1,417).