Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
Following a string of social media posts that hint at it, Italian supercar-maker Lamborghini has finally announced its first NFT (non-fungible token) project. Space Key is being developed by a non-publicized artist and based on advanced carbon fiber composite materials that were sent to the International Space Station as research material, is a new project that was announced by Lamborghini.
Created in collaboration with NFT PRO(tm).
Lamborghini, the Italian supercar maker, is taking a first step into the world of non-fungible tokens (NFTs). The new project, which is dubbed the Space Key, is a piece created by a lone artist. The one-of-a-kind NFT is a physical item that connects to exclusive digital artwork that can be accessed via an QR code printed on the back. The project is a limited edition and will be auctioned off within the next few weeks.
The Space Key is made from a carbon fiber composite material that Lamborghini took to the International Space Station in 2019 as part of a research project. After returning to earth, the carbon fiber was crafted into this unique art. The physical component includes an NFT serial code that links to the digital image via QR code on the back.
For those who aren't in the know, NFTs are unique identification numbers that are stored on a distributed blockchain ledger and tied to an digital asset such as a picture, video or any other recording. This lets owners ensure the authenticity, scarcity, and tracking of their tokens across the internet.
Lamborghini takes this unique approach to art by collaborating with NFT PRO, an white label NFT solution for business. Over the next few weeks Lamborghini will reveal details about this exciting project, including the name of the unknown artist as well as a timeline for the auction.
The physical element of Space Key
After a series of social media posts teasing something that was space-related, the Italian supercar maker Lamborghini entered the world non-fungible (NFT) tokens with an exclusive initiative dubbed Space Key. It was developed in collaboration with an unknown artist, the NFT is a collectible item that will be auctioned off within a few weeks. The core of the NFT is a piece of high-tech carbon fiber composite material that was delivered to the International Space Station (ISS) in 2019 as part of a research project. lamborghini aventador key price The Keylab was 3D printed to form the base of each Space Key. Each Space Key is linked to an exclusive, digital image via an QR code. Only five Space Keys were produced.
NFTs are unique IDs that can be logged in distributed ledgers, such as the Blockchain, and linked to a digital asset such as images. It's a hot topic among those with more money than common sense. So it was only an issue of time before automakers decided to take advantage of.
Space Key consists of five units. They were constructed with a physical part of the carbon fiber composite that was sent to the ISS in 2019. Each NFT will be linked with an exclusive digital artwork created by the same artist through an QR code that is located on the back of the carbon fiber component. 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 weeks of social media posts that hinted at it, a prestigious car manufacturer Lamborghini has finally announced its first non-fungible token (NFT) project. The project is dubbed the Space Key, it consists of five items that unlock an exclusive digital artwork NFT by a yet-to-be-identified artist. The 'collectors piece' was created in collaboration with NFTPRO(tm) and is limited to only five units. It will be auctioned shortly.
Each Space Key contains a block composed of a carbon-fire composite material. It was sent to the International Space Station as part of a research project in 2019. After returning to Earth, the block was inscribed with a QR code that links to the digital element within the Space Key.
Each of the five Space Keys features a different moment that takes place at different times as the Lamborghini Ultimae takes off towards the stars. More than 600 million pixels up each of the five images that were taken by photographer Fabian Oefner.
Oefner used a balloon equipped with a camera to capture each of the individual images, which were then merged into the final image. The result is an image that is completely out of the world. It captures the beauty of Earth and the futuristic, hyperrealistic picture of a car rising away from the Earth. The Space Keys are going to be auctioned off in the near future, but there isn't a specific date or location yet.
The auction
Lamborghini the premium automaker has entered the world of non-fungible tokens (NFTs) with the slogan "to the moon". The project was created in collaboration with NFTPRO(tm). The Space Key Space Key is an NFT which is composed of carbon fiber that was actually shipped to the International Space Station for research purposes in 2019. The actual sample has been reshaped into five unique objects that connect to exclusive and digital artworks created by an unidentified artist through the QR code on their backs.
The auctions, which will 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 the lunar orbit. By signing up online, you will be able to bid on five NFTs. Each will be sold individually and the winner will receive a digital artwork designed by renowned photographer Fabian Oefner, which captures the five different moments the Space Key passed during its flight in space.
Full details about the Space Key and its accompanying digital artworks will be revealed over the next weeks including the identity of the unidentified artist as well as the best way to obtain these amazing creations. Follow Lamborghini on Instagram for all the details you require!