The NFT collection launched by Porsche, a major luxury car brand, “slipped” at its launch last Monday (23). In addition to seeing a bit of commitment on the part of those interested in buying the items, the price of the items has also come down on OpenSea.
Launched for collectors (NFT creation or creation process), Porsche has prepared news for those who buy 911 digital car collectibles. The model is one of the most popular luxury brands.
Everyone who buys a Porsche NFT will participate in the expansion of the brand to Web3, the company guarantees.
General Mint Live!
→ https://t.co/gDi9408OjH pic.twitter.com/WhQIoi9pfh
– Porsche (@eth_porsche) January 23, 2023
The data indicates that the Porsche Group NFT has failed to excite investors
After the launch of the NFT kit by Porsche, another automaker entering the sector, investors are starting to watch the movement.
In OpenSea, for example, the first data indicates that the 911 group has broken down, without much support for the available items.
With 7,500 minting items, only 1,448 NFTs were created by investors, who paid the price of 0.911 ETH for it. That is, each item costs R$7,640.00.
There is still 6052 NFTs from the collection to hit the market, but it seems like not many are very excited. The minimum price for an item that has already been mined (minimum price), for example, costs 0.888.
Thus, it is cheaper to buy an item for sale than to create a new one, which indicates that those who bought the NFT actually accept to sell it cheaper than they paid.
Collection arrives at a time when the market is down
Porsche is set to enter the NFTs market in January 2023, after a negative year for the digital collectibles market size.
In 2021, the term NFT appeared in the interest of many investors as it was a novelty associated with cryptocurrency and blockchain. Games with NFT mechanisms have appeared and attracted gamers.
However, many groups have disappeared and lost their value in 2022, in addition to the ease of fraud in the sector, which has led many investors to lose their assets.
Thus, Porsche made a risky bet in the current market moment, despite the continued sales in the market.
The main risks of investing in NFTs
Although terms like metaverse and Web3 go hand in hand with NFTs, investors should be careful when investing in this sector.
A key precaution involves knowing what’s behind the new group. Thus, collectible consumers can understand whether their purchase will entitle them to any rights other than the image, and avoid future frustrations.
In addition, those interested in making investments in this sector should study in advance how wallets and blockchain transactions work and how mint works.
Another way to prevent risks in this sector is related to phishing scams, which are very common in the financial market and cryptocurrency. That is, before buying a digital asset, investors should prepare to avoid unexpected losses.