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Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a series of social media posts that hinted at it, Italian supercar maker Lamborghini finally revealed its NFT (non fungible token) Project. Dubbed Space Key and created in collaboration with an undisclosed artist It is made up of an advanced carbon fiber composite material that was delivered to the International Space Station for research purposes.
Created in collaboration with NFT PRO(tm)
Lamborghini, the Italian supercar manufacturer has taken the first step into the world of non-fungible tokens (NFTs). The new project, called the Space Key, is a work of art created in collaboration with a unknown artist. The one-of-a-kind NFT is a physical item that connects to exclusive digital artwork accessible through an QR code printed on the back. The project is limited and will be auctioned off over the next few weeks.
The Space Key is made of a carbon composite material that Lamborghini, as part of a research project in 2019 sent to the International Space Station. The carbon fiber was created into a distinctive artwork when it returned to Earth. The physical object is imprinted with an NFT serial number which ties to the digital artwork with QR codes on the back.
NFTs, for those who aren't familiar they are unique identifiers that are recorded on a distributed ledger of the blockchain and connected to digital assets such as a picture or video, song or any other type of record. This lets owners ensure the authenticity, scarcity, and the traceability of their tokens on the internet.
Lamborghini takes this unique approach to art by collaborating with NFT PRO, an white label NFT solution for businesses. In the coming weeks, Lamborghini will reveal details about this exciting venture. This includes the name of the artists who are unknown as well as a timeline for auction.
The physical component of Space Key
Following a string of social media posts that tease something that was space-related, Italian supercar maker Lamborghini has entered the world of tokens that are non-fungible (NFT) by launching an exclusive project dubbed Space Key. The NFT was developed in collaboration with an unknown artist and will be auctioned off within a couple of weeks. The core of the NFT is a piece of high-tech carbon fiber composite material, which was sent to the International Space Station (ISS) in 2019 as part of an experiment. Carbon fiber was 3D printed for the base of every Space Key. Each Space Key is linked to an exclusive, digital artwork using the QR code. Five Space Keys have been produced.
NFTs are unique IDs that can be logged in distributed ledgers such as the Blockchain and linked to digital assets such as images. lamborghini remote key 're a hot topic among people with more money than sanity So it was only a matter time before an automaker decided to capitalize on the trend.
Space Key is made up of five units. It was created using a piece of carbon fiber composite. It was sent to the ISS back in the year 2019. Each NFT is linked to an exclusive digital artwork by the same artist via QR codes on the back of the carbon fiber piece. In the coming weeks and days, more information will be revealed including the name and digital artwork of the artist as well as how to purchase one of the five Space Keys.
The digital artwork
After several weeks of social media posts that hinted at it, luxury car manufacturer Lamborghini has finally announced its first non-fungible token (NFT) project. It's called the Space Key, it consists of five physical items that unlock a unique digital art work NFT by an artist yet to be identified. The 'collectors piece' was developed in collaboration with NFTPRO(tm) and is limited to only five units. It will be auctioned soon.
The core of each Space Key is a block of advanced carbon fire composite material. It was sent to the International Space Station in 2019 as part of a research project. After returning to Earth, the block was engraved using a QR code that links to the digital element of the Space Key.
Each of the five Space Keys will feature a separate moment that occurs a few seconds apart as the Lamborghini Ultimae lifts off toward the stars. Over 600 million pixels make up each of the five images, which were taken by photographer Fabian Oefner.
Oefner used a balloon with a camera that captured each of the individual shots which were then combined into the final image. The result is an amazing out of the world image that reveals the beauty of the Earth as well as the futuristic, hyper-realistic view of the car rising away from it. The Space Keys will be auctioned off soon, but the exact date and time of the auction hasn't been announced yet.
The auction
Lamborghini, the luxury automaker has entered the world of non-fungible tokens (NFTs) with the slogan "to the moon". The project was developed in collaboration with NFTPRO(tm). The Space Key is essentially an NFT that contains carbon fiber composite material that actually traveled to the International Space Station in 2019 to conduct research. The actual sample was shaped into five unique pieces that link to exclusive digital artworks designed exclusively by an artist whose name has not yet been revealed via the QR code.
The auctions, which occur between February 1 and February 4, will last for 75 hours and 50 minutes - the same amount of time it took for Apollo 11 to leave Earth and enter lunar orbit. By registering online, you can bid on the five NFTs. Each will be sold in a separate auction and the winner will be awarded a digital image designed by renowned photographer Fabian Oefner, which captures the five different moments that the Space Key passed during its flight through space.
In the next few weeks, we'll unveil all the details about the Space Key as well as the digital artworks that accompany it. This includes the identity of the mysterious creator, as well as how to purchase these incredible artworks. Follow Lamborghini's Instagram for all the info you require!