All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.
The DeLorean is back! Iconic automaker accepts NFT reservations for Alpha5 electric car
The famous car manufacturer DeLorean makes history with the first NFT-powered car reservation function. Basically, those looking to buy the brand’s upcoming Alpha5 electric vehicle can create an NFT from the dedicated marketplace – but is phygital NFT the future of the automotive industry?
How does the new DeLorean Car NFT reservation system work?
This year, DeLorean is one step closer to launching its (already) popular electric coupe, the Alpha5. Besides its impressive performance on the road, this vehicle brings another surprise: a unique NFT reservation system.
Together with the Web3 technology solution company NFT IQ, the two groups created the world’s first “EV Digital Twin”. In short, each DeLorean Alpha5 NFT vehicle is linked to a physical production site for the car. These collectibles will also be available on a dedicated marketplace for all holders.
Consequently, each holder can customize their vehicle six months before the real version is made. Additionally, the “ER Digital Twin” also serves as an in-game avatar and offers access to exclusive DeLorean events.
Do you also want an Alpha5? Here is the three-step reservation process:
- Get an Alpha Club Lifetime Membership ($88);
- Buy an EV Digital Twin NFT via the DeLorean exchange platform;
- Trade, hold or sell your NFT on the dedicated marketplace.
At the time of writing, DeLorean did not disclose the price or location of production of the Alpha5.
Are hybrid NFTs on the rise?
DeLorean’s “ER Digital Twin” NFT car reservation feature may be the first of its kind, but it’s definitely not the last. After all, we have seen the phygital NFT niche rise in popularity recently, with giant companies embracing the trend.
Phygital NFTs are, in short, NFTs linked to a physical object or experience. These digital assets can act as a certificate of authenticity, a collectible, or a Web3 representation of your real-life items.
