DeLorean, the iconic car manufacturer behind the legendary DMC-12 sports car, is breaking new ground by accepting reservations for its upcoming Alpha5 electric car through the sale of production slot NFTs. The Alpha5 is the company’s first electric vehicle, featuring an all-wheel drive, large coupe design with ‘gullwing’ doors and a 100-kWh battery that boasts a range of over 300 miles on a single charge. It can go from 0 to 60 miles per hour (mph) in just 2.99 seconds and has a projected top speed of 155 mph.
The DeLorean Motor Company has partnered with NFT IQ to create the world’s first “EV Digital Twin,” which is linked to a real-world production slot of the Alpha5 and an online marketplace for the digital collectible. Each holder of a digital twin secures a unique production slot from the limited quantity of Alpha5 EVs to be produced over the next few years. Six months before the Alpha5 is made, its owners can customize it and get a new digital twin linked to the actual VIN. The digital twin also has a gameable avatar and access to special DeLorean-hosted events.
This unique reservation method is the first of its kind in the automotive industry and involves a three-stage process, starting with the $88 Alpha Club Lifetime Membership. The journey to owning an Alpha5 continues with purchasing the production slot NFT on the DeLorean exchange, with the NFTs currently priced at $2,500 and set to increase to $3,500 on March 12. The NFTs can be traded on the DeLorean-established exchange, enabling interested buyers to purchase or trade NFTs for the Alpha5 build slot.
DeLorean has yet to announce the cost and production location of the Alpha5, along with the final specifications and delivery timing, which will be revealed later this year. The sale of the Alpha5 build slots through NFTs exemplifies DeLorean’s commitment to innovation and exclusivity. The limited production run and unique reservation method will likely appeal to car enthusiasts and collectors alike.
This latest development from DeLorean is a testament to the company’s willingness to embrace new technologies and innovation in the automotive industry. The sale of production slot NFTs for the Alpha5 marks a new milestone in the intersection of blockchain technology and the automobile industry. As the first automaker to adopt this unique reservation method, DeLorean may very well pave the way for other manufacturers to follow suit. It will be interesting to see how this new approach to car reservations will shape the industry in the years to come.