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Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a series of social media posts that hint at it, Italian supercar-maker Lamborghini has finally revealed its first NFT (non-fungible token) project. It's called Space Key and created in collaboration with an undisclosed artist and inspired by a piece advanced carbon fiber composite material that was delivered to the International Space Station for research purposes.
The product was developed in collaboration with NFT PRO(tm).
Lamborghini, the Italian supercar manufacturer has taken the first step into non-fungible tokens (NFTs). The new project - called the Space Key - is a work of art that was made in collaboration with a lone artist. The one-of-a-kind NFT is a physical object that connects to exclusive digital artwork that is accessible via an QR code on the back. The project is limited to five pieces and will be auctioned in the coming weeks.
The Space Key is made from carbon fiber composite material which Lamborghini shipped to the International Space Station in 2019 as part of a research project. When it returned to earth the carbon fiber was crafted into this unique artwork. The physical piece has an NFT serial code that ties to the digital artwork via QR code printed on the back.
For those not in the aware, NFTs are unique identifiers that are recorded on a distributed blockchain ledger. They are linked to a digital asset, such as a photo, video or other type of record. This allows owners to ensure the authenticity, scarcity, and tracking of their tokens across the internet.
Working with NFT PRO, a white-label NFT solution for businesses, Lamborghini has taken this unique approach to art to the next level. In the coming weeks, Lamborghini will be sharing details about the exciting project including the name of the unknown artist and a timetable for the auction.
The physical aspect of the Space Key. Space Key
In the wake of numerous social media posts that tease something space-themed, Italian supercar maker Lamborghini has stepped into the realm of tokens that are not fungible (NFT) with a unique project called Space Key. The NFT was developed in collaboration with a mysterious artist and will be auctioned off in a few short weeks. Its underlying structure is 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 every Space Key. Each Space Key is linked to an exclusive digital artwork 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 like images. They're all the rage for those with more money than sense So it was only an issue of time before an automaker decided to cash in on the trend.
Space Key is made up of five parts. It was created using a piece of carbon fiber composite, which was delivered to the ISS back in the year 2019. Each NFT will come with an QR code that will link it to a special digital art work by the same artist. In the coming weeks and days, more details 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 posts on social media hints at it, the luxury car manufacturer Lamborghini has finally revealed its first non-fungible token (NFT) project. Called the Space Key, it consists of five physical items that unlock a unique digital artwork NFT created by a yet-to-be-identified artist. It was created in collaboration with NFT PRO(tm) The "collector's item" is limited to just five units and will be auctioned off soon.
Each Space Key contains a block composed of a carbon-fire composite material. It was shipped to the International Space Station as part of a 2019 research program. After returning to Earth, the block was engraved with QR codes that link 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, which were taken by photographer Fabian Oefner.
Oefner utilized a balloon with a camera to capture each of the individual shots which were then combined into the final image. The result is a truly out of this world image that captures the beauty of the Earth and the futuristic, hyper-realistic picture of the car rising from it. The Space Keys will be auctioned off soon, but the exact date and time of the event haven't been confirmed yet.
The auction
With the slogan "to the moon', the prestigious automobile manufacturer Lamborghini has entered the realm 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 that actually went to the International Space Station in 2019 for research purposes. The actual sample was shaped into five unique pieces that connect to exclusive digital artworks created only by an artist who has not yet been revealed through the QR code.
lamborghini key fob thekeylab.co.uk , which begin between February 1 until February 4, last for 75 hours and 50 minutes - the same time it took Apollo 11 to leave Earth and enter lunar orbit. The five NFTs can be purchased by signing up online. Each NFT will be auctioned off separately and the winner will receive an original digital art work by the renowned photographer Fabian Oefner that captures five different moments that the Space Key experienced during its journey through space.
More details about the Space Key and its accompanying digital artworks will be released in the coming weeks including the identity of the unknown artist as well as information on how to get these incredible creations. Follow Lamborghini's Instagram for all the information you require!