DeLorean Utilizes NFTs for Alpha 5 Reservations, Revolutionizing Automotive Blockchain Use

DeLorean Motor Company has launched an innovative NFT-based system to manage reservations for its upcoming electric vehicle, the Alpha 5. This move represents a significant step in the automotive industry’s digital transformation and marks DeLorean’s return to manufacturing after nearly four decades. The use of blockchain technology on the Sui blockchain enhances transparency in the reservation process.