Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a string of social media posts suggesting it, Italian supercar maker Lamborghini finally revealed its NFT (non fungible token) Project. It's called Space Key and developed in collaboration with an unknown artist the project is built on a piece of advanced carbon fiber composite material that was shipped to the International Space Station for research purposes.
The product was developed in collaboration with NFT PRO(tm)
Lamborghini, the Italian supercar manufacturer is making its first step into the world of non-fungible tokens (NFTs). The latest project, named the Space Key, is a work of art created in collaboration with an unknown artist. The unique NFT is a physical item that has a link to exclusive digital artwork accessible through a QR code that is located on the back. The project is a limited edition and will be auctioned off in the next few weeks.
The Space Key is made from carbon fiber composite material which Lamborghini shipped to the International Space Station in 2019 as part of an experiment. After returning to earth, the carbon fiber was then sculpted into this distinctive artwork. The physical piece is equipped with an NFT serial code that ties to the digital image via QR code on the back.
NFTs, for those who are not familiar are unique identifiers which are recorded on an open ledger on the blockchain and linked to a digital asset like a photograph or video, song or other recording. This allows owners to ensure the authenticity, scarcity, and tracking of their tokens across 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 share information about this exciting project. This includes the name of the artists who are unknown and a timeline for auction.
The physical component of the Space Key. Space Key
In the wake of numerous social media posts teasing some kind of space-themed item, Italian supercar maker Lamborghini has stepped into the realm of tokens that are not fungible (NFT) by launching an exclusive project called Space Key. Created in collaboration with an unknown artist The NFT is a sought-after item that will be auctioned off within a few weeks time. Its base is made of advanced carbon fibre composite material, which was sent to the International Space Station in 2019 as part of a research project. Carbon fiber was 3D-printed for the base of every Space Key. Each Space Key is linked to an exclusive, digital artwork using a QR code. Only five Space Keys were produced.
NFTs are unique identifiers that are recorded on distributed ledgers such the Blockchain and linked to digital assets like images. This is a hot topic for people with more money than they have common sense. So it was only an issue of time before automakers decided to take advantage of.
Space Key is made up of five parts. It was developed with a carbon fiber composite that was sent to the ISS back in 2019. Each NFT will be linked to an exclusive digital artwork by the same artist using an QR code that is located on the back of the carbon fiber component. 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 weeks of social-media posts hinting at it, the luxury automobile maker Lamborghini finally revealed its first venture for non-fungible tokens (NFT). Called the Space Key, it consists of five items that unlock a unique digital artwork NFT created by an unidentified artist. It was created in collaboration with NFT PRO(tm) the 'collector's piece' is limited to just five units and will be auctioned off shortly.
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 research project in 2019. After returning to Earth the block was engraved with a QR codes that connect to the digital element within 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 each of the five images, which were taken by photographer Fabian Oefner.
Oefner used an inflatable camera equipped with a lens to capture the individual images, which were then assembled into the final photograph. The result is an image that is out of this world. It captures both the beauty of Earth and the futuristic, hyperrealistic look of a car rising away from the Earth. The Space Keys are going to be auctioned in the near future, however there's no precise date or location as of yet.
The auction
Lamborghini, the luxury automaker, has entered the world non-fungible tokens (NFTs) with the slogan "to the moon". The project was developed in collaboration with NFTPRO(tm). The Space Key Space Key is an NFT that contains composite carbon fiber material that was actually transported to the International Space Station for research purposes in 2019. The physical sample has now been reshaped into five unique items that each link to exclusive digital artworks created by an as-yet undisclosed artist via the QR code on their backs.
The auctions are scheduled to take place from February 1 through February 4. They will last 75 hours and 50 mins - the amount of time it took Apollo 11 for him to leave Earth and enter the lunar orbit. The five NFTs are available for bidding by making an online registration. Each will be sold by itself and the winner will receive a digital image designed by renowned photographer Fabian Oefner, which captures the five different moments that the Space Key passed during its flight in space.
Over the next few weeks, we'll unveil all the details regarding the Space Key as well as the digital artworks that go with it. This includes the identity of the unidentified creator and the best way to purchase these incredible artworks. Follow this article on Instagram for all of the details you require!