DeLorean, the iconic automaker, is accepting reservations via production slot NFT sale for the Alpha5, its highly anticipated electric car. The company that made the DMC-12 sports car, made famous as the time machine in the “Back to the Future” trilogy, is back in the car business with its first electric vehicle, the Alpha5. The new DeLorean Alpha5 is a full-size four-wheel-drive 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 run 60 miles per hour (mph) in just 2.99 seconds and has a projected top speed of 155 mph.
The DeLorean Motor Company announced a partnership with NFT IQ to create the world’s first “Digital Twin EV,” tied to an actual Alpha5 production space and an online marketplace for the digital collectible. Each digital twin holder secures a unique production slot of the limited number of Alpha5 electric vehicles that will be produced in the coming years. Six months before the Alpha5 is built, owners can personalize it and get a new digital twin linked to the actual VIN. The digital twin also has a playable avatar and access to special events hosted by DeLorean.
DeLorean making history in the automotive industry
This unique reservation method is the first of its kind in the automotive industry and involves a three-stage process, beginning with the $88 Alpha Club Lifetime Membership. The journey to Alpha5 ownership continues with the purchase of the NFT production slot on the DeLorean exchange, with NFTs currently priced at $2,500 and expected to rise to $3,500 on March 12. NFTs can be traded on DeLorean’s established exchange, allowing interested buyers to purchase or trade NFTs for the Alpha5 build slot.
DeLorean has yet to announce the Alpha5’s cost and production location, along with final specifications and delivery time, which will be released later this year. The sale of the Alpha5 Construction Slots via NFT exemplifies DeLorean’s commitment to innovation and exclusivity. The limited production and unique booking method will likely appeal to car enthusiasts and collectors alike. It will be interesting to see how this reservation method will affect the auto industry and whether other manufacturers will take a similar approach.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
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