Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a string of social media posts hinting at it, Italian supercar maker Lamborghini finally revealed its NFT (non fungible token) Project. Space Key was developed in collaboration with 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 project that has been announced by Lamborghini.
The product was developed in collaboration with NFT PRO(tm)
Lamborghini, the Italian supercar manufacturer, is taking a first step into the world non-fungible tokens (NFTs). The new project, called the Space Key, is a piece created by a lone artist. The NFT is a unique piece of digital art that is accessible via an QR code. The project is limited and will be auctioned off over the coming weeks.
The Space Key is made from a carbon fiber composite material that Lamborghini smuggled to the International Space Station in 2019 as part of a research project. The carbon fiber was then created into a distinctive artwork after it returned to Earth. The physical component has an NFT serial number that is linked to the digital artwork via QR code on the rear.
For those who aren't in the aware, NFTs are unique identifiers recorded on a distributed blockchain ledger. They are linked to a digital asset such as a video, image or other type of record. This allows owners to guarantee authenticity and traceability of tokens through the internet.
Lamborghini is taking this unique approach to art a step further by collaborating with NFT PRO, an all-white label NFT solution for business. In the coming months, Lamborghini will announce information about this exciting project. This includes the name of the artists that are not known and 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 non-fungible tokens (NFT) with an exclusive project called Space Key. The NFT was developed in collaboration with an unknown artist and will go on auction in just a few weeks. Its base is composed of a high-tech carbon fibre composite material, which was sent to the International Space Station in 2019 as part of a research program. Carbon fiber was 3D printed for the base of every Space Key. Each Space Key is linked to an exclusive digital artwork by way of an QR code. Just five Space Keys have been produced.
NFTs are unique identification numbers that can be recorded on distributed ledgers such the Blockchain and linked to digital assets such as pictures. They're the latest trend among those with more money than sanity and it was only a matter time before an automaker decided to cash in on the trend.
Space Key is made up of five units. It was developed by using a carbon fiber composite, which was sent to the ISS back in the year 2019. Each NFT will come with a QR code that links it to a special digital artwork created by the same artist. More details will be made available in the coming days and weeks including the artist's name as well as the digital artwork, and how to purchase one of the five Space Keys.
The digital artwork
After months of posts on social media that hint at it, the luxury car manufacturer Lamborghini has finally announced its first non-fungible token (NFT) project. lambo key fob www.thekeylab.co.uk is dubbed the Space Key, it consists of five physical items that unlock an exclusive digital artwork created by the unidentified artist. Developed in collaboration with NFT PRO(tm), the "collector's item" is limited to only five units and will be auctioned off in the near future.
Each Space Key contains a block made of advanced carbon-fire composite material. It was shipped to the International Space Station as part of a 2019 research program. After returning to Earth the space key was stamped with a QR code, which connects it to the digital component of the Space Key.
Each of the five Space Keys will feature a distinct moment that happens seconds apart as the Lamborghini Ultimae lifts off toward the stars. Over 600 million pixels make up each of the five images that were taken by photographer Fabian Oefner.
Oefner utilized a balloon with a camera, which took each of the individual shots, which were later merged into the final image. The result is a picture that is out of this world. It captures the beauty of Earth and the futuristic, hyperrealistic picture of a car rising 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 revealed 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 developed in collaboration with NFT PRO(tm). The Space Key is essentially an NFT that is made up of carbon fiber composite material, which went to the International Space Station in 2019 to conduct research. The physical sample was shaped into five unique pieces that link to exclusive digital artworks created exclusively by an artist whose name is not yet revealed via the QR code.
The auctions, which will occur between February 1 until February 4, 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. The five NFTs are available for bidding by signing up online. Each will be sold individually and the winner will receive an artwork digitally designed by renowned photographer Fabian Oefner, which captures the five different times the Space Key passed during its flight in space.
Full details about the Space Key and its accompanying digital artworks will be released over the next weeks, including the identity of the unidentified artist and information on how to purchase these extraordinary creations. Follow Lamborghini's Instagram for all the information you need!