❝ I want to pioneer a new aftermarket opportunity for personal license plates, NFTs, and crypto in general. It adds a distinct layer to the tight knit car community.
License plates already hold value by being 1-of-1. The pairing of NFT authentication with tangible goods (like license plates) is the way of the future. Let's make history, define the future, and let the world know we did. ❞
I have a been a fan of personalized license plates since I was a child. My uncle in Ohio would always have one on his sports cars. When I started going to auto shows with my father in the 80s, I noticed that the right plate made cars unique and connected them to their owners.
I acquired the MM plate just after California started offering the classic yellow on black. I didn't expect it to be available, but I got lucky somehow. When it arrived, it was immediately a conversation starter. Some people asked if it was actually from the 60's. Others were curious what it stood for (MM are my initials) but the like-minded people wondered how I was able to get something so rare. It was like finding a unicorn. No one had ever seen a 2-character plate before. I had seen one, the number '42' in the classic gold on blue. I think it was on an old sedan, but I was too focused on the plate to remember that detail. In my multiple gas station conversations, I had one gentleman jokingly offer to buy it from me. I laughed it off, but I do remember what he was driving.... and I wish I had his number.
In 2015, I looked into taking the plate off my daily-driver and was going to save MM for a weekend/fun car. I didn't have the car yet, so I looked into the process of retaining the plate for future use. This is when I noticed the change to the DMV form. They had added "release interest to new owner" in Section 4. This was a game changer.
The concept of a license plate aftermarket is not a new idea. License plate auctions happen regularly in Texas and Delaware, and in other countries buying and selling in the aftermarket is common practice. Plates can go for tens of millions of dollars. Check out my blog for more details on that.
I understand the desire for unique, 1-of-1, collectable items. The MM plate is one of my prized possessions. I also collect domain names, real estate, and other artwork. I recently started collecting NFTs. The concept of pairing license plates and NFTs just makes sense. It adds to the rarity, certifies authenticity forever, and establishes a new niche market for a popular symbol of status.
I want to pioneer a new aftermarket opportunity for personal license plates, NFTs, and crypto in general. It adds a distinct layer to the tight knit car community.
License plates already hold value by being 1-of-1. The pairing of NFT authentication with tangible goods (like license plates) is the way of the future. Let's make history, define the future, and let the world know we did.
- Michael Modecki
@modecki almost everywhere
Email me at
michael at theplatebroker.com