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Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a string of social media posts hinting at it, Italian supercar-maker Lamborghini has finally announced its first NFT (non-fungible token) project. Dubbed Space Key and created in collaboration with an undisclosed artist It is built on a piece of advanced carbon fiber composite material that was shipped to the International Space Station for research purposes.
Created in collaboration with NFT PRO(tm).
Italian supercar maker Lamborghini is diving its toes into the world of non-fungible tokens (NFTs). The new initiative - named the Space Key - is a work of art that was that was created in collaboration with an unidentified artist. The NFT is a unique piece of digital art that can be accessable via an QR code. The project is a limited edition and will be auctioned off within the next few weeks.
The Space Key is made of a carbon composite material that Lamborghini, in the course of a research project in 2019, sent to the International Space Station. The carbon fiber was then crafted into a unique artwork after it returned to Earth. The physical component is equipped with an NFT serial code that connects to the digital artwork through a QR code printed on the back.
NFTs for those who aren't familiar are unique identifiers that are stored on a distributed ledger of the blockchain and linked to an digital asset like a photograph video, song, or other record. This allows owners to guarantee authenticity, scarcity, and trackability of tokens via the internet.
Working with NFT PRO, a white-label NFT solution for businesses, Lamborghini is taking this unique approach to art to a new level. Over the next few weeks the company will be sharing details about the exciting project including the name of the unidentified artist, as well as the timeline for the auction.
The physical element of the Space Key
Following multiple social media posts that tease something space-themed, Italian supercar maker Lamborghini has entered the world of non-fungible tokens (NFT) with an exclusive project called Space Key. Developed in collaboration with an unknown artist The NFT is a collector's piece that will be auctioned off within a couple of weeks. At its heart is a piece of high-tech carbon fiber composite material that was delivered to the International Space Station (ISS) in 2019 as part a research project. The carbon fiber has been 3D printed to form the base of each Space Key, which is connected to an exclusive, entirely digital artwork using an QR code on its backside. Just five Space Keys have been produced.
NFTs are unique identifications that can be stored in distributed ledgers like the Blockchain, and connected to digital assets like images. It's a hot topic among those with more money than common sense. So it was only an issue of time before automakers decided to take advantage of.
Space Key consists of five units and was built using a real piece of carbon fiber composite that was shipped to the ISS in the year 2019. Each NFT will be equipped with an QR code that will link it to a unique digital art work by the same artist. In the coming weeks and days, more information 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 social-media posts hinting it, luxury automobile maker Lamborghini finally announced its first venture for tokens that are non-fungible (NFT). The Space Key is a collection of five physical items that allows you to access an exclusive digital work by a yet to be identified artist. It was created in collaboration with NFT PRO(tm) the collector's piece is limited to only five units and will be auctioned off soon.
The heart of every Space Key is a block made of the most advanced carbon fire composite material that was shipped to the International Space Station in 2019 as part of a research program. After returning to Earth, it was engraved with a QR code that 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 when the Lamborghini Ultimae takes off towards the stars. More than 600 million pixels make up each of the five images which were captured by photographer Fabian Oefner.
Oefner used a balloon equipped with a camera to take each of the individual images, that were then merged to create the final image. The result is a photo that is completely out of the world. It captures 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, however the exact date and time of the auction hasn't been set yet.
The auction
Lamborghini the luxury automaker, has entered the world non-fungible tokens (NFTs) with the slogan "to the moon". lamborghini huracan car key was developed in collaboration with NFTPRO(tm). The Space Key is an NFT that contains composite carbon fiber which was transported to the International Space Station for research purposes in the year 2019. The actual sample has been reshaped into five unique objects that connect to exclusive and digital artworks by an undisclosed artist via the QR code that is on their backs.
The auctions, which occur between February 1 through February 4, will last for 75 hours and 50 minutes - the same time it took for Apollo 11 to leave Earth and enter the lunar orbit. The five NFTs can be bid on by creating an account online. Each NFT will be sold individually and the winner will be awarded a digital artwork by renowned photographer Fabian Oefner that captures five different moments the Space Key experienced during its space voyage.
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 as well as the best way to purchase these extraordinary creations. Follow Lamborghini's Instagram for all the information you need!