Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a number of social media posts that hint at it, Italian supercar-maker Lamborghini has finally announced its first NFT (non-fungible token) project. The project is dubbed Space Key and developed in collaboration with an undisclosed artist, it is inspired by a piece advanced carbon fiber composite material that was sent to the International Space Station for research purposes.
The product was developed in collaboration with NFT PRO(tm).
Lamborghini, the Italian supercar maker is making its first step into the world non-fungible tokens (NFTs). The new project, which is dubbed the Space Key, is a piece that was developed by a lone artist. 2021 lamborghini urus key The Key Lab is a tangible item that links to exclusive digital artwork that is accessible via an QR code printed on the back. The project is limited to five pieces and will be auctioned off in the coming weeks.
The Space Key is made of carbon composite materials that Lamborghini as part of a research project in 2019 sent to the International Space Station. The carbon fiber was then transformed into a unique art work when it returned to Earth. The physical piece is inscribed with an NFT serial number that is linked to the digital artwork by using a QR code on the back.
NFTs for those not familiar are unique identifiers that are recorded on an open ledger on the blockchain and connected to a digital asset like a photograph or video, song, or any other type of 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. In the coming weeks the company will be sharing details about this exciting project including the name of the unidentified artist and a timeline for the auction.
The physical aspect of the Space Key. Space Key
After a series of social media posts hinting at something that was space-related, the Italian supercar manufacturer Lamborghini has entered the world of 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. Its underlying structure 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 QR codes. Only five Space Keys were produced.
NFTs are unique identifiers that are recorded on distributed ledgers such the Blockchain and linked to a digital asset such as images. It's a hot topic with people who have more money than they have common sense. So it was only a question of time before automakers decided to take advantage of.
Space Key is made up of five units. It was designed using a piece of carbon fiber composite, which was sent to the ISS in the year 2019. Each NFT will have an QR code that will link it to a special digital art work created by the same artist. More details will be released in the coming days and weeks, including the artist's name, the digital artwork and how to buy one of the five Space Keys.
The digital artwork
After weeks of social media posts hints, luxury car maker Lamborghini finally announced its first venture for tokens that are non-fungible (NFT). Called the Space Key, it consists of five physical items that unlock an exclusive digital art work NFT by an artist yet to be identified. The project was developed in collaboration with NFT PRO(tm), the "collector's item" is limited to only five units and will be auctioned off soon.
At the center of each Space Key is a block of advanced carbon fire composite material, which was sent to the International Space Station in 2019 as part of a research project. After returning to Earth, the block was engraved using a QR codes that link to the digital element in the Space Key.
Each of the five Space Keys will feature a separate moment that occurs seconds apart as the Lamborghini Ultimae lifts off toward the stars. Over 600 million pixels up each of the five images which were taken by photographer Fabian Oefner.
Oefner employed an inflatable camera fitted with a lens to capture the individual images, which were then assembled into the final photograph. The result is an out-of-this world image that captures the beauty of Earth as well as the futuristic, hyper-realistic picture of the car rising away from it. The Space Keys will be auctioned off soon, but the exact date and time of the event 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". The project was developed in collaboration with NFTPRO(tm). The Space Key is essentially an NFT made of carbon fiber composite material which actually traveled to the International Space Station in 2019 to conduct research. The physical sample was shaped into five unique pieces that link to exclusive digital art work created by an artist that is not yet revealed via the QR code.
The auctions, which will begin between February 1 until February 4, last for 75 hours and 50 minutes - the same amount of time it took Apollo 11 to leave Earth and enter the lunar orbit. The five NFTs can be bought by making an online registration. Each will be sold separately and the winner will receive a digital artwork designed by renowned photographer Fabian Oefner, which captures the five different moments that the Space Key passed during its journey through space.
The full details regarding the Space Key and its accompanying digital artworks will be revealed in the coming weeks, including the identity of the unidentified artist, as well as details on how to get these incredible creations. Follow Lamborghini's Instagram for all the information you require!