In the Spotlight: DeLorean Introduces Blockchain-Based Car Marketplace, Partnering with Sir Patrick Stewart

In the Spotlight: DeLorean Introduces Blockchain-Based Car Marketplace, Partnering with Sir Patrick Stewart

The DeLorean Motor Company, renowned for its iconic time-travel vehicle in "Back to the Future," has partnered with Sir Patrick Stewart to introduce a revolutionary on-chain car marketplace. Based on the Sui network, this platform aims to modernize the automotive industry, particularly the reservation and resale of premium cars.

The marketplace will launch with the highly anticipated Alpha 5 EV model, which incorporates the company's signature gull-wing doors into the 21st century.To reserve a build slot for the Alpha 5 EV, car enthusiasts can now purchase non-fungible tokens (NFTs) through the platform's marketplace. These NFTs, denominated in USDC, a well-known stablecoin, can be traded between users.

In a tweet, Stewart announced the collaboration, declaring that "a new frontier awaits" with the Alpha 5 EV. DeLorean's chief brand officer, Cameron Wynne, said that the company's embrace of blockchain technology aligns with its brand values of vision, rebellion, and futuristic innovation. The move, Wynne added, advances DeLorean's commitment to transparency and security for its community.

In addition to providing secure transactions, the blockchain will also provide each new DeLorean with an immutable ledger, guaranteeing authenticated data regarding the vehicle's history and performance. A native token, $DMC, is planned for release later, allowing holders to earn rewards by staking their tokens.

DeLorean Labs, the dedicated Web3 division responsible for the marketplace, has ambitions to extend this model to other industries embracing on-chain solutions. The Alpha 5 EV build slots are available to reserve in NFT form at the marketplace.

According to DeLorean, the new vehicle at its core combines intelligent human design and craftsmanship. A future release date for production has yet to be announced. Once in production, NFT holders will be given the opportunity to customize their vehicles, from colors to powertrains.

In a press release shared with Decrypt, Wynne stated that the new on-chain reservation platform enhances the brand's commitment to transparency and security, giving its community direct access to the future of vehicle ownership. This partnership with Sir Patrick Stewart and the use of the Sui network underscores DeLorean's ongoing commitment to innovation and digital transformation in the automotive industry.

1. The DeLorean Motor Company has partnered with Sir Patrick Stewart to introduce a car marketplace based on the Sui network, aiming to modernize the automotive industry.
2. The marketplace will launch with the Alpha 5 EV model, which can be reserved using non-fungible tokens (NFTs) denominated in USDC, a stablecoin.
3. DeLorean Labs, the dedicated Web3 division, plans to extend this model to other industries embracing on-chain solutions.
4. A native token, $DMC, is planned for release later, allowing holders to earn rewards by staking their tokens.
5. Each new DeLorean will have an immutable ledger, guaranteeing authenticated data regarding the vehicle's history and performance.
6. NFT holders will be given the opportunity to customize their vehicles once in production, from colors to powertrains.
7. The partnership with Sir Patrick Stewart and the use of the Sui network underscores DeLorean's ongoing commitment to innovation and digital transformation in the automotive industry, particularly in areas like data-and-cloud-computing technology, electric vehicles, car-maintenance, and lifestyle.

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