DeLorean Alpha5 NFTs for production tracks

DeLorean, the iconic automaker, is accepting reservations through the sale of production track NFTs for the Alpha5, its highly anticipated electric car. The company that made the DMC-12 sports car, which became famous as the time machine in the “Back to the Future” trilogy, is back in the automotive business with its first electric vehicle, the Alpha5. The new DeLorean Alpha5 is a four-wheel-drive large coupe with ‘gull-wing’ doors and a 100 kWh battery that promises to deliver a range of more than 300 miles on a single charge. It can sprint to 60 miles per hour (mph) in just 2.99 seconds and has an estimated top speed of 155 mph.

DeLorean Motor Company announced a partnership with NFT IQ to create the world’s first “EV Digital Twin,” linked to a real-life production vehicle for the Alpha5 and an online marketplace for the digital collectible. Each holder of a digital twin secures a unique production slot from the limited number of Alpha5 EVs to be produced over the next few years. Six months before the Alpha5 is made, owners can customize it and get a new digital twin linked to the actual VIN number. The digital twin also has a playable avatar and access to special events hosted by DeLorean.

DeLorean makes history in the automotive industry

This unique reservation method is the first of its kind in the automotive industry and involves a three-step process, starting with the $88 Alpha Club Lifetime Membership. The journey to owning an Alpha5 continues by purchasing the production track NFT on the DeLorean Exchange, with the NFTs currently priced at $2,500 and set to increase to $3,500 on March 12th. The NFTs can be traded on the DeLorean established exchange, enabling interested buyers to buy or trade NFTs for the Alpha5 build track.

DeLorean has yet to announce the cost and production location of the Alpha5, along with the final specifications and delivery time, which will be revealed later this year. The sale of the Alpha5 builders through NFTs exemplifies DeLorean’s commitment to innovation and exclusivity. The limited production and unique reservation method are likely to appeal to car enthusiasts and collectors alike. It will be interesting to see how this reservation method will affect the automotive industry and whether other manufacturers will take a similar approach.

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*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products before making any type of investment.