Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a series of social media posts that hinted at it, Italian supercar maker Lamborghini finally announced its NFT (non fungible token) Project. Space Key is being developed in collaboration with a non-publicized artist, and based on cutting-edge carbon fiber composite materials that were sent to the International Space Station as research material, is a new project that has been revealed by Lamborghini.
In collaboration with NFT PRO(tm).
Lamborghini, the Italian automobile manufacturer is making its first step into the world of non-fungible tokens (NFTs). The new project, dubbed the Space Key - is a piece of art made in collaboration with a lone artist. The NFT is an exclusive piece of digital art that can be accessed through the use of a QR code. The project is a limited edition and will be auctioned off within the coming weeks.
The Space Key is made of a carbon composite material that Lamborghini, as part a research project in the year 2019 and 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 includes an NFT serial code that ties to the digital art work via a QR code on the back.
For those who do not know, NFTs are unique identifiers recorded on a distributed blockchain ledger, and linked to a digital asset, such as a video, image or music. This allows owners to ensure authenticity and scarcity as well as trackability of their tokens on the internet.
Working with NFT PRO, a white-label NFT solution for businesses, Lamborghini is taking this unique approach to art to the next level. In the coming weeks, Lamborghini will release information about this exciting project. This will include the names of the unknown artists and a schedule for auction.
The physical element of Space Key
After multiple social media posts hinting at some kind of space-themed item, the Italian supercar maker Lamborghini launched its non-fungible (NFT) tokens with an exclusive initiative dubbed Space Key. lamborghini huracan car key TheKeyLab was developed in collaboration with an unknown artist and will be auctioned within a few weeks. Its base is made of the most advanced carbon fiber composite material, which was delivered to the International Space Station in 2019 as part of a research project. The carbon fiber was 3D printed to form the basis of each Space Key, which is linked with an exclusive, digital artwork via an QR code on the back of the key. Only five Space Keys have been produced.
NFTs are unique identifications that are recorded in distributed ledgers, such as the Blockchain and connected to digital assets like images. This is a hot topic for people with more money than common sense. So it was only a question of time before automakers decided to cash in.
Space Key is made up of five parts. It was made using a piece of carbon fiber composite, which was sent to the ISS in the year 2019. Each NFT will be linked with an exclusive digital artwork by the same artist via a QR code printed on the back of the carbon fiber element. In the coming weeks and days, more details will be revealed including the name and digital artwork of the artist as well how to purchase one of the five Space Keys.
The digital artwork
After months of posts on social media that hint at it, luxury car manufacturer Lamborghini has finally announced its first non-fungible token (NFT) project. The Space Key is a collection of five physical objects that unlocks an exclusive digital artwork by the yet to be identified artist. The project was developed in collaboration with NFT PRO(tm) the collector's piece is limited to five units and will soon be auctioned off.
Each Space Key contains a block composed of a carbon-fire composite material. It was sent to the International Space Station as part of a 2019 research project. After returning to Earth, it was made into a QR code, which connects 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 as the Lamborghini Ultimae takes off towards the stars. Each of the five images was filmed by photographer Fabian Oefner and contains over 600 million pixels.
Oefner utilized a balloon with a camera, which took each of the individual images, which were then merged into the final image. The result is a truly out of this world photograph that captures both the beauty of the Earth and the futuristic, hyper-realistic image of the car rising from it. The Space Keys will be auctioned off in the near future, but the exact date and time of the event hasn't been set yet.
The auction
With the slogan 'to the moon', luxury automobile manufacturer Lamborghini has entered the realm of non-fungible tokens (NFT) with a mesmerizing project developed in collaboration with NFT PRO(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 the year 2019. The physical sample was shaped into five unique pieces that link to exclusive digital artworks designed exclusively by an artist whose name has not yet been announced via the QR code.
The auctions, which will be held between February 1 and February 4, will last for 75 hours and 50 minutes - the same amount of time it took Apollo 11 to leave Earth and enter lunar orbit. The five NFTs can be bid on by making an online registration. Each NFT will be sold separately and the winner will get an original digital artwork created by world-renowned photographer Fabian Oefner that captures five different moments that the Space Key experienced during its journey through space.
The full details regarding 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 details on how to acquire these out-of-this-world creations. Stay tuned to Lamborghini's Instagram for all the information you need!