Latest / The Paul Barron Crypto Show / FIRST EVER Carmaker Launches Token on Sui!🚨$DMC DeLorean INTERVIEW🔥

Transcript

FIRST EVER Carmaker Launches Token on Sui!🚨$DMC DeLorean INTERVIEW🔥 · The Paul Barron Crypto Show

0:07
Speaker 1: Some big news announcement today that is really I think
0:10
Speaker 1: going to shake the car industry and maybe get into
0:13
Speaker 1: a historic movement going forward. We'll break it down for you.
0:16
Speaker 1: It's going to be a good one. My name is
0:17
Speaker 1: Paul Barren. Welcome back in the tech path. All right,
0:19
Speaker 1: So let's get into a couple of points today. I
0:21
Speaker 1: want to kind of lead off with what's happening right
0:23
Speaker 1: now within the automotive industry when you think about EV's
0:28
Speaker 1: but really the growth of where robotaxis are going and
0:31
Speaker 1: also the launch what we're getting ready to see I
0:34
Speaker 1: think is a very big shift going forward. And of
0:36
Speaker 1: course Weimo has been out there in the business for
0:39
Speaker 1: quite some time. Now. Of course that is shifting over
0:42
Speaker 1: to Tasla with their first launch in a geofence location
0:46
Speaker 1: in Austin. Now what does this mean for crypto, Well,
0:48
Speaker 1: the idea is is that car companies are going to
0:51
Speaker 1: get much more creative. And as they get more creative,
0:54
Speaker 1: they're going to start doing some things, I believe, and
0:56
Speaker 1: we're going to see today. In Web three was trying
1:00
Speaker 1: to do this in his early era. Remember when he
1:03
Speaker 1: tweeted this, This was quite some time ago and he
1:06
Speaker 1: was going after the flying car, and the flying car,
1:08
Speaker 1: of course we all know was Delorian. Delorian was in
1:11
Speaker 1: essence being built. Now I think as a Delorian truck
1:15
Speaker 1: if you think what cyber truck has been able to
1:17
Speaker 1: do in a very short period of time. And this
1:19
Speaker 1: is kind of interesting because it starts to flow into
1:21
Speaker 1: maybe the strategies that some of the car companies will
1:24
Speaker 1: be taking.
1:24
Speaker 2: Take a look, dude, did you get.
1:43
Speaker 1: Delorian the car?
1:44
Speaker 2: Yes? But the token?
1:45
Speaker 3: The token?
1:46
Speaker 1: What do you mean the DMC the token?
1:47
Speaker 3: Dude?
1:49
Speaker 1: Okay, so big news of course, DMC did launch today
1:53
Speaker 1: and joining us is going to be Evan Kuhn, who
1:55
Speaker 1: is the president of Delorian Labs. I wanted to bring
1:57
Speaker 1: him on the show. Evan, how are.
1:58
Speaker 3: You doing great? Thanks for having me. It's exciting to
2:01
Speaker 3: be here.
2:02
Speaker 1: Yeah. So you guys have got some big news today,
2:04
Speaker 1: obviously the launch of DMC. I'm over on your website,
2:08
Speaker 1: DeLorean Labs. If you guys, we've covered this topic before
2:11
Speaker 1: and it's one of the few things that we've centered
2:14
Speaker 1: around the automotive industry because we think when you think automotive,
2:18
Speaker 1: Web three is almost a natural for it. And of course, Evan,
2:21
Speaker 1: you guys have done a lot in the way of
2:23
Speaker 1: launching a Web three ecosystem around this brand. Can you
2:27
Speaker 1: explain to me and our audience a little bit about
2:30
Speaker 1: what you guys are up to give me the latest.
2:32
Speaker 3: Yeah, So, as everyone probably knows by now, Delorian is
2:36
Speaker 3: coming out with a new electric vehicle that's going to
2:39
Speaker 3: be the DeLorean Alpha five. Was announced a few years ago. Delorian,
2:44
Speaker 3: being a very future forward thinking company, decided, okay, let's
2:48
Speaker 3: jump into Web three, deliver each car with a crypto wallet,
2:52
Speaker 3: and have an NFD backing each car. So we created
2:56
Speaker 3: a marketplace at marketplace dot delorian dot com to pre
3:00
Speaker 3: sell the vehicles. We've already sold twelve hundred Alpha five
3:05
Speaker 3: vehicle reservation build slots. Those NFTs are in the hands
3:09
Speaker 3: of the holder now and they have the ability to
3:12
Speaker 3: trade them in the marketplace. So if someone didn't get
3:15
Speaker 3: a chance to buy one, they can go on the
3:18
Speaker 3: marketplace and get one in the secondhand market, or if
3:22
Speaker 3: someone has bought one they decide they don't want the
3:25
Speaker 3: vehicle anymore, can't afford it. They have that ability to
3:29
Speaker 3: essentially earn for their place in line and get out
3:32
Speaker 3: of their deposits, and by using the blockchain technology. This
3:37
Speaker 3: is what I believe this technology is meant to be
3:40
Speaker 3: used for. So very excited to be paving the way
3:43
Speaker 3: for the future.
3:44
Speaker 1: Because it is a very forward thinking car brand and
3:47
Speaker 1: I think kind of next generation of where we will
3:50
Speaker 1: see automotive going. This is a big deal right now.
3:55
Speaker 1: What kind of feedback have you guys been able to
3:57
Speaker 1: get so far?
3:58
Speaker 3: I mean, the feedback has been incredible. There's been so
4:02
Speaker 3: much support from all the different communities. We've seen other
4:05
Speaker 3: communities in Web three, you know, welcome us in with
4:09
Speaker 3: open arms. You know, a lot of memes that we've seen,
4:12
Speaker 3: you know, people photoshopping different meme projects driving the vehicle
4:17
Speaker 3: and you know, all sorts of you know, really cool
4:20
Speaker 3: communities embracing us there. And then in the traditional auto
4:24
Speaker 3: world too. Tackling a lot of the existing pain points
4:28
Speaker 3: that we often hear customers complain about, you know, especially
4:33
Speaker 3: in previous auto releases. You know, we've seen people have
4:37
Speaker 3: to wait up to five six years for a vehicle
4:40
Speaker 3: to be delivered from when someone put down their initial deposit,
4:44
Speaker 3: you know, and then you know, hearing those pain points
4:46
Speaker 3: and complaints, you know, we've really come out with a
4:49
Speaker 3: product that addresses that so you.
4:51
Speaker 1: Guys were able to get in front of Future Car Blondie,
4:55
Speaker 1: which is probably I would say the most renowned automotive
4:58
Speaker 1: youtubeer out there with a real unit, and of course
5:02
Speaker 1: that exposure is going to I think, propel the brand
5:05
Speaker 1: going forward. You look at the token launch, which is
5:09
Speaker 1: now starting to gain some traction as of today, we'll
5:13
Speaker 1: most likely see maybe an acceleration just around the fever
5:17
Speaker 1: of that a brand launching a token, especially on automotive
5:22
Speaker 1: brand launching a token. How do you see this kind
5:25
Speaker 1: of going to next evolution and what's your future plan
5:28
Speaker 1: around how the token is going to operate along with
5:31
Speaker 1: the brand itself.
5:32
Speaker 3: Yeah, so the token is kind of like the lifeblood
5:36
Speaker 3: of the community that really ties everything in the ecosystem together,
5:41
Speaker 3: allows people that are fans of the brand to almost
5:45
Speaker 3: like own a part of it and be part of it.
5:49
Speaker 3: And yeah, it really gives them a way to interact
5:53
Speaker 3: with what we're doing in Web three in a way
5:55
Speaker 3: that has never been done before. We have all sorts
5:58
Speaker 3: of things planned, We have staking planned, you know, the
6:01
Speaker 3: ability for people to deliver their or stake their build
6:06
Speaker 3: slot and essentially earn interest on that through the token.
6:11
Speaker 3: We have a whole drive to earn program planned uh
6:15
Speaker 3: you know where we'll be able to essentially buy back
6:18
Speaker 3: driving data from the user in exchange for the token.
6:23
Speaker 3: When that vehicle is delivered, that NFT vehicle reservation slot
6:28
Speaker 3: will essentially become like the certificate of authenticity or carfax
6:33
Speaker 3: backing that vehicle. So all the miles kilometers will be
6:37
Speaker 3: uploaded service records, and users will be able to earn
6:41
Speaker 3: the DMC token for giving us that data.
6:45
Speaker 1: I think that's interesting because the automotive industry has been
6:49
Speaker 1: rife with a lot of fraud. But to be able
6:51
Speaker 1: to tie this to the blockchain, that really starts to
6:53
Speaker 1: open up a lot more a lot more transparency, which
6:55
Speaker 1: I think is something that the car industry could use.
6:58
Speaker 3: Yeah, I was going to say, like I've been seeing
6:59
Speaker 3: on the use recently, you know in Canada and of
7:03
Speaker 3: you know car thefts. People are on the inside of
7:07
Speaker 3: the you know d mvs and organizations that are you know,
7:12
Speaker 3: manipulating the the ven numbers and everything with the registrations
7:16
Speaker 3: of the cars to allow the sale of fraudulent vehicles.
7:20
Speaker 3: So so this level of transparency should definitely help combat
7:24
Speaker 3: a lot of that as well.
7:25
Speaker 1: But you look at a lot of other automakers out there,
7:28
Speaker 1: whether you look at Porsche, Lamborghini, Ferrari. I mean, now
7:31
Speaker 1: you're getting into some of the exotics, but you could
7:33
Speaker 1: also see some companies like Tasla, maybe even Rivian that
7:38
Speaker 1: could go in this direction. What what do you think
7:40
Speaker 1: is going to be the next move for the automotive industry?
7:43
Speaker 1: Do you think we're going to see a lot of
7:44
Speaker 1: companies start to go this direction?
7:46
Speaker 3: Yeah? Yeah, I think we will. It's just going to
7:48
Speaker 3: take time for like, this is still the very early days.
7:52
Speaker 3: You know, we're still pioneering this new technology. You know, really,
7:56
Speaker 3: you know, we're lucky to have a blockchain partner like
7:59
Speaker 3: Suy that we get to work with on this. I
8:03
Speaker 3: would say a lot of the blockchains that came before
8:06
Speaker 3: the technology just wasn't even ready for this way of
8:09
Speaker 3: thinking and delivering. You know, we need to have the
8:12
Speaker 3: blockchains that are cheap transactions, fast transactions, and that can
8:17
Speaker 3: scale to hundreds of thousands of transactions a second for
8:21
Speaker 3: something like this to be possible. So we're only just
8:24
Speaker 3: getting to that point where the technology exists, you know,
8:27
Speaker 3: especially when it comes to even downloading wallets. You know,
8:31
Speaker 3: one of the things the CUE blockchain does so well
8:33
Speaker 3: is they make it easy for a first time or
8:36
Speaker 3: to come into the ecosystem, download their first wallet, and
8:39
Speaker 3: go through that process. So, you know, we're excited to
8:42
Speaker 3: work with them, and this is really the first time
8:45
Speaker 3: that this technology has existed at scale to be able
8:49
Speaker 3: to do something like this.
8:51
Speaker 1: You look at what Elon is doing right now. They're
8:53
Speaker 1: testing Robotaxi and Austin, so they're connecting their media streaming preferences,
8:59
Speaker 1: temperature sets, all that kind of stuff, probably within your
9:02
Speaker 1: Robotaxi slash Tesla account. We'll see how this plays out,
9:06
Speaker 1: but I could imagine that this could get into integration
9:09
Speaker 1: with something like Sui and tying it to what's happening
9:12
Speaker 1: in the car to where a lot of these kinds
9:14
Speaker 1: of preferences and all sorts of creative ways to connect
9:17
Speaker 1: the user to the vehicle could really start to break out.
9:21
Speaker 1: How do you think Sui is going to kind of
9:24
Speaker 1: advance in terms of maybe integrated settings for what you
9:28
Speaker 1: guys are doing in the physical vehicle.
9:29
Speaker 3: So I mean, definitely, I'll stem from the crypto wallet
9:33
Speaker 3: that that's going to you know, exist in each car,
9:37
Speaker 3: and then you know, the idea is going to have
9:39
Speaker 3: other developers come in and develop all the functionality. So
9:44
Speaker 3: you know, the car maybe just pull into a parking
9:46
Speaker 3: spot and then the wallet handles covering the parking or
9:50
Speaker 3: you pull up to a drive through handles the payment.
9:54
Speaker 3: You know, when you get into you know, the car
9:56
Speaker 3: being fully autonomous and you know, a Mobo taxi, you
10:01
Speaker 3: know it's going to have that wallet so it can go,
10:04
Speaker 3: you know, pay for maintenance, it can go get a
10:07
Speaker 3: car wash and yeah. So that's really uh, you know,
10:13
Speaker 3: central and a key part of what's coming next.
10:17
Speaker 1: What about DAPs. You look at different projects out there,
10:20
Speaker 1: AI's AI agents starting to roll out with things like
10:24
Speaker 1: food ordering. I'm looking at this and saying, well, man,
10:27
Speaker 1: this could get into everything from an Uber eat door
10:30
Speaker 1: dash kind of scenario where all of this could be
10:32
Speaker 1: tied into automotive. We've seen this kind of in the
10:36
Speaker 1: Tesla's but still very limited. Web three opens up a
10:40
Speaker 1: lot of opportunity. Do you guys see more of those
10:44
Speaker 1: kinds of DAPs being available in the DeLorean?
10:47
Speaker 3: Yeah? I mean, like one of the things with Web
10:50
Speaker 3: three is, you know, you can there's so many ideas
10:54
Speaker 3: and you know, because it's just on that cutting edge
10:56
Speaker 3: where you can spend days with the team brainstorming all
10:59
Speaker 3: these you know, new possibilities and things, and you know,
11:03
Speaker 3: so it really does take that like we find as
11:06
Speaker 3: a company and we have to be disciplined, you know,
11:08
Speaker 3: and really focus on one thing at a time and
11:12
Speaker 3: really build those you know blocks. So that's where we
11:17
Speaker 3: really focused on the marketplace for now, on the vehicle reservation,
11:22
Speaker 3: and then you know, we're just gonna build from that
11:24
Speaker 3: foundation once we start rolling the vehicles out.
11:27
Speaker 1: I'm looking at your Sense lat or your Sense band
11:30
Speaker 1: right here, which is essentially, I guess is kind of
11:32
Speaker 1: the key to the car in essence. When you look
11:34
Speaker 1: at that band, then you think about blockchains, blockchains like suee,
11:39
Speaker 1: will there be any kind of integration with what you
11:41
Speaker 1: guys are doing with the band itself into the sweet blockchain.
11:45
Speaker 3: So so we're actually also talking to some hardware wallet
11:49
Speaker 3: manufacturers as well about how we can integrate that into
11:54
Speaker 3: it and then have that integrate to the UH to
11:58
Speaker 3: the chain and you know, whether it's you know, kind
12:02
Speaker 3: of unlocks the vehicle and you know, unlocks the wallet
12:05
Speaker 3: and all the other integrations. So we're having those conversations
12:09
Speaker 3: but you know, still, as I mentioned, a few steps
12:12
Speaker 3: away from that.
12:13
Speaker 1: The first time I saw this come out, I was like,
12:15
Speaker 1: this has got to be an opportunity I think of
12:19
Speaker 1: really excelling the brand forward. When do you guys, what's
12:22
Speaker 1: the timeline look like? First of all, for the release
12:25
Speaker 1: of the first model, how do you guys see that
12:28
Speaker 1: playing out? And then how successful have you been in
12:32
Speaker 1: being able to expand the brand globally?
12:34
Speaker 3: Yep, so in terms of the Alpha five, we're looking
12:38
Speaker 3: at twenty twenty seven for the deliveries, so still got
12:42
Speaker 3: a bit of time. But you know, it's no easy
12:45
Speaker 3: feat to bring a car to market. Yeah, so working
12:49
Speaker 3: on and then yeah, what we've seen, especially with this
12:53
Speaker 3: Web three push, is the amount of interest that has
12:56
Speaker 3: already existed globally. I was surprised to see in countries
13:01
Speaker 3: like India how popular the brand is. You never would
13:05
Speaker 3: have expected that before getting in this Korea as well,
13:10
Speaker 3: quite popular there, across Europe anywhere. Back to the Future
13:16
Speaker 3: was really quite popular, and we've seen the brand explode.
13:19
Speaker 3: And you know, right now we're also seeing that a
13:23
Speaker 3: younger demographic is getting into it as well. Delaurion has
13:26
Speaker 3: one of the top selling Lego sets and you know
13:29
Speaker 3: Hot Wheels and Ready Player one a newer movie that
13:35
Speaker 3: has come out. It's really introducing the brand in the
13:39
Speaker 3: car to a whole new, younger generation.
13:41
Speaker 1: Yeah, for sure, I'm looking at the potential growth, you say,
13:46
Speaker 1: even though twenty seven just around the corner. I remember,
13:50
Speaker 1: you know, first time I purchased a Tasla, it was
13:53
Speaker 1: all built on the idea of full self driving. You know,
13:56
Speaker 1: that was many many years before we actually had full
13:59
Speaker 1: self driving. Course. Now here we are in Austin, they're
14:02
Speaker 1: launching their entire robotaxi fleet. Now again granted, yes, still
14:09
Speaker 1: Geofans still has a companion driver so to speak. But
14:13
Speaker 1: the point being is is that finally Tesla has gotten
14:15
Speaker 1: to it. How long do you think? Well, I guess
14:18
Speaker 1: first of all, do you feel like that Delorian will
14:20
Speaker 1: someday also have this kind of autonomy built into the vehicle.
14:24
Speaker 3: As health That would be inevitably the goal. But Delaurian,
14:28
Speaker 3: that's not our focus at the moment. Is building out
14:30
Speaker 3: that we'd be looking to partner with another provider that
14:34
Speaker 3: could operate that self driving technology, and I think we
14:38
Speaker 3: all see that as the future, you know, for Delaurian,
14:42
Speaker 3: it's really you know, since the first one came out,
14:46
Speaker 3: it's been about the experience of getting behind the wheel
14:49
Speaker 3: and driving it yourself. So that's really where the focus
14:53
Speaker 3: is in the short term.
14:53
Speaker 1: You look at what Teleport was trying to do with Solana,
14:57
Speaker 1: which ended up failing, but the idea was is that
15:00
Speaker 1: they were trying to replace, not replace, but give an
15:03
Speaker 1: alternative to Uber. And I'm thinking about you know, Uber
15:07
Speaker 1: experiences because you you would consider maybe something like a
15:10
Speaker 1: DeLorean maybe could become that kind of connected product to
15:14
Speaker 1: maybe a huge experience, like especially if you think Miami
15:18
Speaker 1: or La Dallas, somewhere like that where yeah we were yeah.
15:23
Speaker 3: Yeah, we were out in Dubai recently. And the amount
15:26
Speaker 3: of interest from you know, people that own these car
15:29
Speaker 3: rental companies that want to buy up ten twenty Deloreans
15:33
Speaker 3: to have in their fleet. So when people are there
15:35
Speaker 3: on vacation or going to events, you know, everyone will
15:40
Speaker 3: have their first chance to experience the DeLorean. And so yeah,
15:43
Speaker 3: a ton of demand for that.
15:45
Speaker 1: What about monetizing some of the use cases, you know,
15:49
Speaker 1: you you look at advanced automobiles like the DeLorean. What
15:54
Speaker 1: we've seen with you know, projects around Tasla, especially in
15:57
Speaker 1: the camera systems. You know, this is a good example
16:00
Speaker 1: be maps, which is part of hive Mapper, and then
16:04
Speaker 1: what they're doing is basically mapping roads out there for
16:07
Speaker 1: use of this data. Are you guys looking to partner
16:09
Speaker 1: with companies like someone like a hive mapper or others
16:12
Speaker 1: to where maybe that could be integrated into the vehicle
16:16
Speaker 1: as really like just adapt because you're going to have
16:18
Speaker 1: a camera system built into this yep.
16:20
Speaker 3: So yeah, definitely we'll be looking at partnerships like that.
16:24
Speaker 3: You know, that's part of the whole earning DMC token
16:28
Speaker 3: by you know, monetizing your data. So you know, we
16:31
Speaker 3: will definitely look at all sorts of ways that we
16:35
Speaker 3: will allow our users to tap into those you know,
16:39
Speaker 3: other dops.
16:40
Speaker 1: So you guys are moving heavily into the gaming sector. Obviously,
16:43
Speaker 1: time capsule the stretch. I want to learn a little
16:45
Speaker 1: bit about time capsule, explain it to our audience. But
16:49
Speaker 1: when you look at the opportunity, a lot more gaming
16:51
Speaker 1: opportunities are coming an Amocha, of course you've partnered with.
16:55
Speaker 1: This is a big deal because Anamoca has so many
16:58
Speaker 1: connections within the gaming industry. Talk to me first, about
17:02
Speaker 1: the time capsule, What does it mean to a user,
17:06
Speaker 1: how's it going to be utilized.
17:07
Speaker 3: Et cetera. Yep. So the time Capsule was our first
17:11
Speaker 3: entrance into Web three, so that was all about building community.
17:16
Speaker 3: And in the Web two world there's a ton of
17:19
Speaker 3: DeLorean communities, car clubs. We really wanted to bring a
17:23
Speaker 3: lot of those on chain into Web three, so we
17:26
Speaker 3: released the time capsule for free in four different drops.
17:30
Speaker 3: There is eight eight hundred of them in total. And
17:35
Speaker 3: I really like to look at this as the membership
17:37
Speaker 3: to the community and the thing that you can own
17:40
Speaker 3: that says you know, here I am as part of
17:43
Speaker 3: this DeLorean community. For us kind of have it be
17:45
Speaker 3: that gift that keeps on giving. Initially, these time capsules
17:50
Speaker 3: that came sealed and after a few months they opened
17:54
Speaker 3: up to reveal a bunch of different prizes, the grand
17:58
Speaker 3: prize being a new DeLorean Electric EV. We also gave
18:02
Speaker 3: away free pizza for a year from Domino's, some Delarean
18:06
Speaker 3: themed Nike Dunks, if one pass as Karate Combat passes. Also,
18:12
Speaker 3: each time capsule is getting a DMC token air dropped
18:17
Speaker 3: as well as they received a voucher for our air
18:20
Speaker 3: drop race to take part in that and earn more
18:24
Speaker 3: DMC token. We have lots of other events planned. We've
18:29
Speaker 3: sponsored karate combat in the past. We had a VIP
18:32
Speaker 3: section for time capsule holders, invited them out, got to
18:35
Speaker 3: meet a lot of them in person, and yeah, we
18:38
Speaker 3: have a lot of cool ideas for what we can
18:41
Speaker 3: do with these time capsules going you know, going for Yeah.
18:47
Speaker 1: Well, I see a lot here the prize list you
18:50
Speaker 1: just kind of mentioned there, including a sweet play I
18:53
Speaker 1: like that.
18:54
Speaker 3: Yeah. Being a game.
18:56
Speaker 1: Yeah, as you start to connect this to IP and
18:59
Speaker 1: this especially in game IP, we're talking about a lot
19:03
Speaker 1: of opportunity of growth. I wanted to jump to a
19:05
Speaker 1: tweet real quick because this is one that is interesting
19:08
Speaker 1: to me. When you look at Ready Verse. We've had
19:10
Speaker 1: their team on before, but there was a note here,
19:14
Speaker 1: you know, familiar ips like a DeLorean. And here's my
19:16
Speaker 1: question to you is, first of all, will we see
19:20
Speaker 1: more DeLorean IP in more games? And is there a
19:24
Speaker 1: possibility of how that could possibly connect via web three
19:27
Speaker 1: to the actual owner of the vehicle itself.
19:30
Speaker 3: Definitely see more DeLorean in game. So what we're working
19:35
Speaker 3: on with reverse from Animoka Brands, So it's going to
19:38
Speaker 3: be an interoperable NFT DeLorean that you'll be able to
19:42
Speaker 3: own this NFT and port it from game to game.
19:46
Speaker 3: So you'll own that DeLorean to be able to race
19:50
Speaker 3: it in many of the different driving games that they
19:54
Speaker 3: come out with. So you know, and you know, one
19:58
Speaker 3: of the things we've even thought of, if you own
20:01
Speaker 3: the new Dolorian, you know, maybe there is a digital
20:04
Speaker 3: version of that car that you could potentially you know,
20:07
Speaker 3: drive in different video games as well.
20:10
Speaker 1: Yeah, I love it. I mean, you think Grand Turismo
20:14
Speaker 1: almost in essence. It's such a huge community that really
20:18
Speaker 1: gets into a lot of what's happening in the automotive sector.
20:21
Speaker 1: Are you waiting on projects like Axelar to enable you
20:25
Speaker 1: to be able to do that in terms of the
20:27
Speaker 1: IP itself being able to really kind of transport within
20:33
Speaker 1: so many different opportunities around games, anything that would help
20:36
Speaker 1: speed that up.
20:37
Speaker 3: Well, I think our first step is to work with
20:39
Speaker 3: Motorverse on that and you know, get it into all
20:43
Speaker 3: of their racing games. And yeah, once we get that
20:47
Speaker 3: set up, then you know we'll be looking to build
20:50
Speaker 3: on that momentum and just expand from there.
20:53
Speaker 1: I want to drop into your tokenomics real quickly. I'm
20:55
Speaker 1: looking at this right now. Explain to me first of
20:58
Speaker 1: all the air drops staying why would someone want to
21:02
Speaker 1: buy and hold the token? Can you elaborate on that?
21:04
Speaker 3: Yep. So you know, staking is a way to put
21:07
Speaker 3: your token up is collateral and earn from that. So
21:11
Speaker 3: we've got a great program where you can earn from
21:13
Speaker 3: your token. But more importantly, we see the car as
21:18
Speaker 3: just the tip of the iceberg of what we're going
21:20
Speaker 3: to be developing and working on. You know, we really
21:24
Speaker 3: see DeLorean as a brand has so much mass market
21:27
Speaker 3: appeal and really for only coming out with a few
21:30
Speaker 3: thousand cars a year, you know, the car is very exclusive,
21:34
Speaker 3: so we're looking at coming out with a ton of
21:36
Speaker 3: amazing products. You know, we look at what Porsche has
21:39
Speaker 3: been able to do with Porsche design, what Ferrari does maximize,
21:43
Speaker 3: you know, their enjoyment of the brand through various products.
21:47
Speaker 3: So we're partnering with a ton of different luxury good
21:50
Speaker 3: manufacturers and other brands to come out with really cool,
21:55
Speaker 3: limited edition DeLorean branded products that really use that classic
22:01
Speaker 3: DMC design language and bring it to other all types
22:04
Speaker 3: of goods, you know, whether it's eyewear, watches, apparel, accessories.
22:11
Speaker 3: You know, we have a huge road map of a
22:13
Speaker 3: lot of cool things planned and the token is going
22:15
Speaker 3: to be very key to all this. So it's going
22:18
Speaker 3: to be goods that are for token holders that you're
22:20
Speaker 3: going to have to use the token on our marketplace
22:24
Speaker 3: to acquire. And you know, we're going to look at
22:27
Speaker 3: doing fair drop mechanisms, so you know, maybe for one
22:31
Speaker 3: drop you'll have to own a time capsule to have access,
22:33
Speaker 3: maybe another you'll have to be staying token to get
22:36
Speaker 3: another access. Maybe it's a combination of the two. So
22:40
Speaker 3: you know, you're really going to have to be part
22:42
Speaker 3: of the ecosystem to participate in these limited edition drops,
22:46
Speaker 3: and each item will also come with that NFT that
22:50
Speaker 3: backs it as kind of the certificate of authenticity.
22:53
Speaker 1: Do you think we're going to see other brands launching
22:56
Speaker 1: tokens like this what you guys have been able to
22:58
Speaker 1: do right now with DMC.
23:00
Speaker 3: Yeah, I think it's an inevitable step for a lot
23:04
Speaker 3: of brands out there. But yeah, right now, it's as
23:08
Speaker 3: I mentioned, the rails needed to be built, and you know,
23:12
Speaker 3: I think what we saw over the last fifteen years
23:17
Speaker 3: since bitcoin came out, you know, we got the you
23:21
Speaker 3: know ethereum smart contracts that led to stable coins and
23:27
Speaker 3: you know, and then we really needed regulation to start
23:30
Speaker 3: to come in and start to see some clarity around that.
23:34
Speaker 3: So we're really starting to see all these pieces come together.
23:39
Speaker 3: And I think as this technology continues to grow and
23:43
Speaker 3: as regulation becomes clear, we're going to be seeing more
23:47
Speaker 3: brands and companies enter in the space. But we're really
23:51
Speaker 3: excited at the Lorean to be creating the blueprint for
23:55
Speaker 3: how traditional brands interact with this technology and come into
24:00
Speaker 3: Web three.
24:01
Speaker 1: You've got the opportunity now to really take a brand,
24:05
Speaker 1: a historic brand like DeLorean, scale it in essence that
24:09
Speaker 1: can create all sorts of Web three ecosystem connects out there.
24:14
Speaker 1: This will be brand IP and game assets, real world
24:16
Speaker 1: assets assets, much like you mentioned, outside the ecosystem into
24:20
Speaker 1: other luxury goods. That's where I think a support mechanism
24:25
Speaker 1: like a token gets very intriguing. So I'm going to
24:28
Speaker 1: be watching this one very closely, especially as you guys
24:31
Speaker 1: start to break a lot of new news. I know
24:33
Speaker 1: you guys are getting ready to announce a lot of stuff,
24:36
Speaker 1: so I can't wait for that. We'll be first in
24:39
Speaker 1: line to try to get some of that from you guys,
24:41
Speaker 1: So listen. It's been great having you on the show, Evan,
24:44
Speaker 1: and thank you so much for stopping in. We appreciate
24:46
Speaker 1: the download.
24:47
Speaker 3: Thank you very much.
24:48
Speaker 1: You bet all right. So you guys, if you're not
24:50
Speaker 1: in the Diamond Circle and you want to get in there,
24:52
Speaker 1: you guys can of course join. It's very easy to do.
24:54
Speaker 1: All you have to do is click the link down below.
24:56
Speaker 1: It's actolutly very easy. It's free. And the thing about that,
25:00
Speaker 1: as we send you guys out additional information. Plus, if
25:04
Speaker 1: you're not following me out there on X do that.
25:05
Speaker 1: It's just at Paul Baron. We'll catch you next time
25:07
Speaker 1: right here on Techpath