DeLorean, the iconic automaker renowned for the DMC-12 sports car from ‘Back to the Future,’ is set to launch a web3 marketplace in collaboration with crypto payments company MoonPay. This innovative platform, developed with Otherlife (now owned by MoonPay), will enable DeLorean enthusiasts to buy, sell, and trade vehicle reservation build slots using blockchain technology. The goal is to enhance transparency throughout the reservation process, allowing users to monitor vehicle performance analytics seamlessly.
The marketplace will leverage blockchain technology to provide an immutable record of each car’s historical and performance data. This will not only foster trust among buyers but also offer a comprehensive view of a vehicle’s lifecycle. Scheduled to go live on DeLorean.com by Q4 2024, the platform will initially allow existing build slot holders to manage their reservations, with new slots opening up shortly thereafter. This phased approach ensures a smooth transition for current holders while gradually introducing new participants to the marketplace.
The marketplace will leverage blockchain technology to provide an immutable record of each car’s historical and performance data. This will not only foster trust among buyers but also offer a comprehensive view of a vehicle’s lifecycle. Scheduled to go live on DeLorean.com by Q4 2024, the platform will initially allow existing build slot holders to manage their reservations, with new slots opening up shortly thereafter. This phased approach ensures a smooth transition for current holders while gradually introducing new participants to the marketplace.
This initiative follows a similar project announced by DeLorean in 2022 with crypto startup NFT IQ. At that time, DeLorean proposed offering tokenized reservations for upcoming cars, with each reservation accompanied by a digital representation of the vehicle as an NFT collectible. However, NFT IQ is no longer operational, and their website and social media accounts have been inactive since 2022. DeLorean has since moved on from this partnership and is now focusing on their new collaboration with MoonPay to bring their web3 ambitions to life.
In response to inquiries about the earlier digital double concept and its potential continuity, a DeLorean representative stated that Otherlife would be “reassessing the entire strategy to guarantee the optimal user experience moving forward.” Despite past setbacks, the new partnership with MoonPay signals a promising future for DeLorean enthusiasts and collectors. By embracing blockchain-driven automotive commerce, DeLorean is paving the way for a more transparent and engaging experience in the automotive world.