Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a string of social media posts that hinted at it, Italian supercar maker Lamborghini finally announced its NFT (non fungible token) Project. The project is dubbed Space Key and developed in collaboration with an unidentified artist the project is built on a piece of advanced carbon fiber composite material that was sent to the International Space Station for research purposes.
In collaboration with NFT PRO(tm).
Lamborghini, the Italian automobile manufacturer is taking the first step into the world non-fungible tokens (NFTs). The new project, which is dubbed the Space Key, is a piece that was developed in collaboration with an unidentified artist. The unique NFT is a tangible item that connects to exclusive digital artwork that is accessible via a QR code that is located on the back. The project is limited and will be auctioned off over the coming weeks.
The Space Key is made of carbon composite material which Lamborghini, as part a research project in the year 2019 sent to the International Space Station. Once it returned to earth, the carbon fiber was then sculpted into this unique art. The physical component is embossed with an NFT serial number, which is tied to the digital artwork with a QR code that is located on the back.
NFTs, for those who are not familiar they are unique identifiers that are stored on a distributed ledger of the blockchain and linked to a digital asset such as a photograph, video, song or other record. This allows owners to ensure authenticity, scarcity, and trackability of tokens via the internet.
Working with NFT PRO which is a white-label NFT solution for businesses, Lamborghini has taken this unique approach to art to the next level. Over the next few weeks, Lamborghini will reveal details about the exciting project, including the name of the unknown artist, as well as the timeline for the auction.
The physical element of Space Key
After a series of social media posts teasing some kind of space-themed item, Italian supercar maker Lamborghini has stepped into the realm of tokens that aren't fungible (NFT) by launching an exclusive project dubbed Space Key. Created in collaboration with an unidentified artist and artist, the NFT is a sought-after item that will be auctioned off in just a couple of weeks. Its core is a piece comprised of an advanced carbon fibre composite material, which was delivered to the International Space Station in 2019 as part of a research project. Carbon fiber was 3D-printed for the base of each Space Key. Each Space Key is connected to a unique, digital artwork via the QR code. Only five Space Keys were produced.
NFTs are unique identification numbers that can be recorded on distributed ledgers such the Blockchain and tied to a digital asset like images. It's a hot topic with those with more money than common sense. It was only a question of time before automakers decided to cash in.
Space Key consists of five units. It was constructed using a physical piece of carbon fiber composite which was delivered to the ISS in 2019. Each NFT will be linked to an exclusive digital artwork by the same artist via an QR code that is located on the back of the carbon fiber element. In the coming weeks and days, more details will be revealed, including the name and digital artwork of the artist and how to purchase one of the five Space Keys.
The digital artwork
After several weeks of posts on social media hints at it, luxury automobile manufacturer Lamborghini has finally revealed its first non-fungible token (NFT) project. The project is 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 created in collaboration with NFTPRO(tm) and is limited to 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 for 2019. After returning to Earth the Space Key was made into the QR code which links it to the digital component of 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. Over 600 million pixels up each of the five images which were taken by photographer Fabian Oefner.
Oefner utilized an inflatable camera equipped with a lens to capture the individual images, which were then put together into the final image. The result is a photograph that is out of this world. It captures both the beauty of Earth and the futuristic, hyperrealistic image of a car rising away from the Earth. The Space Keys will be auctioned off in the near future, but the exact date and time of the event hasn't been announced yet.
The auction
With the slogan "to the moon', the prestigious automobile maker Lamborghini has entered the world of non-fungible tokens (NFT) with a fascinating project that was developed in collaboration with NFT PRO(tm). The Space Key Space Key is an NFT that is made up of composite carbon fiber material which was transported to the International Space Station for research purposes in the year 2019. The physical sample was then shaped into five unique pieces that connect to exclusive digital artworks designed exclusively by an artist whose name has yet to be revealed through the QR code.
The auctions are scheduled to take place from February 1 to February 4. The auctions will last for 75 hours and 50 minutes - the amount of time it took Apollo 11 for him to leave Earth and enter the Lunar orbit. By signing up car key lamborghini TheKeyLab , you will be able to bid on the five NFTs. Each will be sold by itself and the winner will be awarded a digital image created by renowned photographer Fabian Oefner, which captures the five different times the Space Key passed during its flight through space.
The full details regarding the Space Key and its accompanying digital artworks will be released in the coming weeks including the identity of the unidentified artist and information on how to get these incredible creations. Follow Lamborghini on Instagram for all of the information you need!