DeLorean, the iconic automaker, has partnered with MoonPay, a leading crypto payments company, to launch a blockchain-based marketplace for trading vehicle reservations. This innovative platform will enable customers to buy, sell, and trade build slots using blockchain technology, revolutionizing transparency and efficiency in the automotive industry.

DeLorean's new marketplace, developed in collaboration with Otherlife, a Web3 creative agency acquired by MoonPay, aims to bring a new level of transparency and efficiency to the reservation process. By leveraging blockchain technology, the platform will provide an immutable ledger of each car's history and performance data, empowering buyers to make informed decisions in the secondary market.

This initiative marks a significant shift from DeLorean's previous plans, which were announced in 2022 with the now-defunct crypto startup NFT IQ. The new partnership with MoonPay and Otherlife brings a fresh approach to the table, focusing on providing a seamless user experience and setting a new standard for transparency and efficiency in the automotive industry.

The marketplace is expected to be fully operational on (link unavailable) by the fourth quarter of 2024, allowing current build slot holders to manage their active reservations and opening up new reservations shortly after launch. While the blockchain network powering the platform has yet to be decided, the focus remains on providing a user-friendly experience.

By integrating blockchain technology, DeLorean's marketplace offers a unique solution for the automotive industry, providing a transparent and efficient platform for trading vehicle reservations. As the industry continues to evolve, DeLorean's innovative approach sets a new standard for transparency and efficiency, potentially paving the way for other automakers to explore similar blockchain-based solutions.

In conclusion, DeLorean's partnership with MoonPay marks a significant milestone in the automotive industry's adoption of blockchain technology. By offering a transparent and efficient platform for trading vehicle reservations, DeLorean is setting a new standard for how automotive transactions can be conducted. As the marketplace prepares for its launch in late 2024, it will be interesting to see how this innovative approach influences the broader industry and whether other automakers will follow suit.