Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
Following a string of social media posts hinting at it, Italian supercar-maker Lamborghini has finally revealed its first NFT (non-fungible token) project. The project is dubbed Space Key and developed in collaboration with an undisclosed artist It is inspired by a piece advanced carbon fiber composite material, which was sent to the International Space Station for research purposes.
The product was developed in collaboration with NFT PRO(tm)
Italian supercar maker Lamborghini is diving its toes into the world of non-fungible tokens (NFTs). The new project - called the Space Key - is a work of art that was made in collaboration with an artist who is not known. The NFT is a unique piece of digital art that can be obtained by scanning an QR code. The project is limited to five pieces and will be auctioned off in the coming weeks.
The Space Key is made from carbon fiber composite materials that Lamborghini smuggled to the International Space Station in 2019 as part of an investigation project. After it returned to Earth, the carbon fiber was crafted into this unique artwork. The physical piece has an NFT serial code that links to the digital art work via a QR code on the rear.
NFTs, for those who aren't familiar are unique identifiers that are recorded on a distributed ledger of the blockchain and connected to a digital asset such as a photograph or video, song or other recording. This allows owners to ensure authenticity and scarcity as well as trackability of their tokens over the internet.
Working with NFT PRO White-label NFT solution for companies, Lamborghini is taking this unique approach to art to the next level. In the coming weeks, Lamborghini will release details about this exciting venture. This includes the names of the artists that are not known as well as a timeline for auction.
The physical component of Space Key
After a series of social media posts teasing some kind of space-themed item, Italian supercar maker Lamborghini has entered the world of non-fungible tokens (NFT) with a unique project dubbed Space Key. The NFT was created in collaboration with a mysterious artist and will be auctioned off within a couple of weeks. The NFT is a piece of advanced carbon fiber composite material that was delivered to the International Space Station (ISS) in the year 2019 as part of an ongoing research project. The carbon fiber was 3D printed to form the base of each Space Key, which is linked with an exclusive, entirely digital artwork through the QR code printed on the back of the key. Only five Space Keys were produced.
NFTs are unique identification numbers that can be recorded on distributed ledgers such as the Blockchain and linked to a digital asset like images. They're all the rage among those with more money than sense and it was only a matter time before an automaker decided to capitalize on the trend.
Space Key consists of five units. It was constructed with a physical part of the carbon fiber composite that was shipped to the ISS in the year 2019. lamborghini key fob price will be connected to an exclusive digital artwork by the same artist through an QR code that is located on the back of the carbon fiber element. More details will be shared in the coming weeks and days including the name of the artist along with the digital artwork and the method of purchasing one of the five Space Keys.
The digital artwork
After weeks of social-media posts hints, luxury car maker Lamborghini finally announced its first initiative for non-fungible tokens (NFT). It's dubbed the Space Key, it consists of five items that unlock a unique digital artwork NFT by a yet-to-be-identified artist. The 'collectors piece' was developed in collaboration with NFTPRO(tm) and is limited to five units. It will be auctioned shortly.
Each Space Key contains a block made of advanced carbon-fire composite material, which was shipped to the International Space Station as part of a research project for 2019. After returning to Earth the block was inscribed with a QR codes that connect to the digital component in the Space Key.
Each of the five Space Keys features a different moment that occurs at different times when the Lamborghini Ultimae takes off towards the stars. Each of five images was shot by photographer Fabian Oefner and contains over 600 million pixels.
Oefner utilized a balloon with a camera to take each of the individual shots that were then merged to create the final image. The result is an out-of-this world photograph that captures both the beauty of the Earth as well as the futuristic, hyper-realistic image of the car rising from it. The Space Keys are going to be auctioned in the near future, however there isn't a specific date or time yet.
The auction
With the slogan 'to the moon', luxury automobile manufacturer Lamborghini has entered the realm of non-fungible tokens (NFT) with a fascinating project created in collaboration with NFT PRO(tm). The Space Key is an NFT made of composite carbon fiber material that was actually taken to the International Space Station for research purposes in 2019. The physical sample was shaped into five unique pieces that connect to exclusive digital artworks created by an artist that has not yet been announced via the QR code.
The auctions are scheduled to take place between February 1 and February 4. The auctions will last for 75 hours and 50 minutes, which is the time it took Apollo 11 for him to leave Earth and enter Lunar orbit. By making an online registration, you can bid on the five NFTs. Each NFT will be sold separately and the winner will be awarded an artwork created by renowned photographer Fabian Oefner that captures five different moments the Space Key experienced during its flight in outer space.
In the coming weeks, we will reveal all the details of the Space Key as well as the digital artworks that go with it. This includes the identity of the elusive creator, as well as how to purchase these incredible artworks. Keep an eye on Lamborghini's Instagram for all the details you need!