DeLorea Labs: Part of the revenue related to the DeLorean brand will be used to directly repurchase DMC

DeLorean Labs, the Web3 division of DeLorean Motors, announced that its token DMC will support a zero inflation staking reward program through future direct repurchases of DeLorean brand related revenue. These revenues include brand collaborations, product sales, metaverse collaborations, and future vehicle sales. DeLorean Labs stated that this move aims to set an example for creating a sustainable business model for Web3 and hopes to become a catalyst for the development of other Web2 brands on the chain. Previously, it was announced that Binance Alpha and Binance contracts will be launched on DeLorean (DMC).