{"id":129804,"date":"2025-05-22T16:15:52","date_gmt":"2025-05-22T16:15:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129804"},"modified":"2025-05-22T16:15:52","modified_gmt":"2025-05-22T16:15:52","slug":"carmaker-delorean-tokenizes-ev-reservations-on-sui","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129804","title":{"rendered":"Carmaker DeLorean tokenizes EV reservations on Sui"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsDeLorean launched an onchain reservation system and non-fungible token (NFT) marketplace for its upcoming electric vehicle launch, introducing a new blockchain-based approach for reserving and reselling cars.<br \/>\nAccording to DeLorean, its Build Slot NFT collection grants holders priority access to purchase DeLorean\u2019s upcoming electric car, Alpha 5 EV. The model is the carmaker\u2019s first vehicle in over 40 years, inspired by the iconic flux capacitor from the movie Back to the Future.<br \/>\nThe company created an exclusive marketplace for its NFT holders, in which users can buy or trade the NFTs using the USDC (USDC) stablecoin on the Sui network and will be able to earn rewards.<br \/>\nDeLorean says that each vehicle\u2019s history and performance data will be recorded onchain through the FLUX protocol, including key data such as battery health, maintenance records, accident history, and verified odometer readings.\u00a0<br \/>\nThis detailed data makes it easier for auto enthusiasts to bid on or resell vehicles in the secondary market, the company said.<br \/>\nDeLorean NFT platform. Source: DeLorean\u201cSince DeLorean\u2019s emergence in the 1980s, the brand has stood as a symbol of vision, rebellion, and futuristic innovation,\u201d according to Cameron Wynne, the chief brand officer at DeLorean. \u201cBy using blockchain technology, we&#8217;re setting a new standard for the automotive industry,\u201d Wynne said.<br \/>\nThe NFT-based reservation system and the tokenization of an electric vehicle signal DeLorean\u2019s interest in digital assets. The company is also the first carmaker to introduce a utility token, the DeLorean ($DMC) token.<br \/>\nDMC tokenomics. Source: Deloreanlabs\u00a0Luxury brands exploring blockchain, NFTs<br \/>\nNFTs are becoming digital passports for luxury goods, linking to full lifecycle benefits such as reservation, maintenance, resale, and membership services.<br \/>\nBy tokenizing luxury products using NFTs, brands can enhance their technological appeal while reinforcing a sense of scarcity and community value.<br \/>\nGlobal fashion brand Louis Vuitton ventured into NFTs in 2023, offering NFT holders exclusive access to certain products like a $6,400 digital mini trunk, a $9,000 bag and a varsity jacket worth around $8,400.<br \/>\nLVMH Group launched the blockchain-based AURA platform, where luxury items are represented as unique NFTs containing information such as the origin of raw materials, production date and maintenance history.<br \/>\nMagazine: Pranksy: Inside the anonymous life of an NFT legend \u2014 NFT Collector<a href=\"https:\/\/cointelegraph.com\/news\/delorean-tokenizes-ev-reservations-on-sui?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsDeLorean launched an onchain reservation system and non-fungible token (NFT) marketplace for its upcoming electric vehicle launch, introducing a new blockchain-based approach for reserving and reselling cars. According&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129804"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129804"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129804\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129804"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}