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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. Space Key was developed in collaboration with an unidentified artist, and based on cutting-edge carbon fiber composite materials, which were sent to the International Space Station as research material, is a new project which was announced by Lamborghini.
Developed in collaboration with NFT PRO(tm)
Lamborghini, the Italian automobile manufacturer is making its first step into non-fungible tokens (NFTs). The new project, called the Space Key, is a work that was created in collaboration with an unidentified artist. The unique NFT is a tangible item that connects to exclusive digital artwork accessible through an QR code printed on the back. The project is limited and will be auctioned off in the next few weeks.
The Space Key is made from a carbon fiber composite material that Lamborghini took to the International Space Station in 2019 as part of research project. The carbon fiber was then crafted into a unique artwork when it returned to Earth. The physical component has an NFT serial number that is linked to the digital artwork via QR code located on the back.
NFTs for those not familiar, are unique identifiers that are recorded on a distributed ledger of the blockchain and connected to a digital asset such as a photograph or video, song, or any other kind of record. This allows owners to guarantee authenticity, scarcity, and trackability of their tokens over the internet.
Lamborghini takes this unique approach to art by collaborating with NFT PRO - an white label NFT solution for businesses. In the coming weeks, Lamborghini will share details about this exciting project. This will include the names of the unknown artists as well as a timeline for auction.
The physical element of Space Key
After a series of social media posts, each one revealing some kind of space-themed item, the Italian supercar maker Lamborghini launched its non-fungible (NFT) tokens through an exclusive project dubbed Space Key. The NFT was created in collaboration with a mysterious artist and will be auctioned off in a few short weeks. At its heart is a piece that's made of the latest carbon fiber composite material, which was sent to the International Space Station (ISS) in 2019 as part of a research project. The carbon fiber has been 3D printed to form the base of each Space Key, which is connected to an exclusive, purely digital design using an QR code on its backside. Only five Space Keys were produced.
NFTs are unique identifications that can be recorded in distributed ledgers like the Blockchain and connected to digital assets such as images. They're popular among people who have more money than sense So it was only a matter time before an automaker decided to capitalize on the trend.
lamborghini aventador key price The Keylab consists of five units. It was constructed using a real piece of the carbon fiber composite that was shipped to the ISS in 2019. Each NFT will be equipped with a QR code which links it to an exclusive digital art work by the same artist. More details will be released in the coming weeks and days including the artist's name, the digital artwork and how to purchase one of the five Space Keys.
The digital artwork
After weeks of social media posts hinting it, luxury car maker Lamborghini finally revealed its first project involving tokens that are non-fungible (NFT). It's dubbed the Space Key, it consists of five physical items that unlock an exclusive digital artwork created by an unidentified artist. Created in collaboration with NFT PRO(tm) The 'collector's piece' is limited to just five units and will be auctioned off in the near future.
Each Space Key contains a block comprised of the most advanced carbon-fire composite material. It was shipped to the International Space Station as part of a research project for 2019. After returning to Earth the block was engraved with QR code that links to the digital element of the Space Key.
Each of the five Space Keys will feature a separate moment that occurs a few seconds apart as the Lamborghini Ultimae lifts off toward the stars. More than 600 million pixels each of the five images which were shot by photographer Fabian Oefner.
Oefner utilized a balloon with a camera, which took each of the individual shots which were then combined into the final image. The result is an out-of-this world image that reveals the beauty of the Earth as well as the futuristic, hyper-realistic look of the car rising away from it. The Space Keys are going to be auctioned off in the near future, but there is no specific date or time 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 captivating project developed in collaboration with NFT PRO(tm). The Space Key is essentially an NFT made of carbon fiber composite material that was sent to the International Space Station in 2019 to conduct research. The physical sample has been cut into five distinct items that each link to exclusive and digital artworks created by an unknown artist using the QR code that is on their backs.
The auctions, which take place between February 1 through 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. By registering online, you can bid on five NFTs. Each one will be auctioned by itself and the winner will be awarded an original digital art work made 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 about the Space Key as well as the digital artworks accompanying it. This includes the identity of the unidentified creator and the best way to purchase these amazing creations. Follow Lamborghini's Instagram for all the details you need!