Blockchain Platform Launched for Trading Sports Electric Vehicles

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Coinspaidmedia2025/05/23 16:24

By:Coinspaidmedia

Automotive brand DeLorean introduced a Web3 solution built on the Sui blockchain, enabling users to reserve and resell slots to purchase sports electric cars. The new system leverages NFTs and smart contracts.

Blockchain Platform Launched for Trading Sports Electric Vehicles image 0

Source: DeLorean Motor Company

DeLorean Motor Company (DMC), manufacturer of the legendary car brand, launched an innovative Web3 platform for on-chain reservations of sports electric vehicles from the exclusive Alpha 5 EV series. Developed in partnership with tech company DRIVEN, the platform operates on the Sui blockchain, allowing users to book vehicles and freely resell their purchase slots to other market participants.

Instead of traditional pre-orders, each DeLorean purchase slot is issued as a non-fungible token (NFT). Thus, the token holder becomes not only the owner of a future car but also holds a liquid digital asset. NFT owners can transfer the purchase right by trading the tokens, with ownership history and transactions recorded immutably on the blockchain ledger.

The company also launched its own marketplace. This trading platform allows Build Slot NFT holders to buy or trade tokens using the USDC stablecoin on the Sui network. Additionally, vehicle performance data and history are recorded on the blockchain via the Web3 FLUX protocol, including battery condition, maintenance records, accident history, and verified odometer readings.

DeLorean Motor Company (DMC) earned cult status thanks to the DeLorean DMC-12 model introduced in 1981, famously featured as a time machine in the “Back to the Future” film trilogy. The car became a collector’s item due to its unique design, stainless steel unpainted body and gull-wing doors, and limited production run.

According to Cameron Wynne, DeLorean’s Chief Brand Officer, using blockchain technology will simplify the process of buying or reselling vehicles on the secondary market for car enthusiasts, help minimize speculation, and increase trust in the purchase process. It also opens new monetization channels for the brand and fans alike.

Blockchain technology ensured transparency in the sales of the exclusive aged Scottish whisky collection The Glenlivet. DLT systems are also used to preserve cultural heritage, verify the provenance of ancient artifacts, and authenticate space achievements.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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