Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a series of social media posts suggesting it, Italian supercar maker Lamborghini finally revealed its 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, which was sent to the International Space Station for research purposes.
The product was developed in collaboration with NFT PRO(tm)
Italian supercar maker Lamborghini is diving its toes into the world of non-fungible tokens (NFTs). The latest project, named the Space Key, is a piece created in collaboration with an unidentified artist. The NFT is a unique piece of digital art that can be accessible via a QR code. The project is limited to five pieces and will be auctioned off in the coming 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 an experiment. When it returned to earth, the carbon fiber was crafted into this unique art. The physical element is embossed with an NFT serial number that is linked to the corresponding digital artwork by using an QR code on the back.
For those who aren't in the know, NFTs are distinct identification numbers that are stored on a distributed blockchain ledger and tied to a digital asset such as a picture, video or other type of record. This allows owners to ensure authenticity, scarcity, and trackability of their tokens over the internet.
Lamborghini takes this unique approach to art by working with NFT PRO - an all-white label NFT solution for business. In the coming weeks, the company will be sharing details about the exciting project including the name of the unknown artist and a timeline for the auction.
The physical component of the Space Key
Following multiple 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 an exclusive project dubbed Space Key. The NFT was developed in collaboration with an unknown artist and will be auctioned off in just a few weeks. Its base is composed of a high-tech carbon fibre composite material, which was shipped to the International Space Station in 2019 as part a research project. The carbon fiber has been 3D printed to form the basis of each Space Key, which is connected to an exclusive, entirely digital artwork via the QR code that is on its backside. Only five Space Keys were produced.
NFTs are unique identification numbers that can be recorded on distributed ledgers such the Blockchain and linked to a digital asset such as pictures. It's a hot topic among those with more money than they have common sense. So it was only a matter of time before automakers decided to cash in.
Space Key consists of five units. They were constructed using a real piece of carbon fiber composite, which was sent to the ISS in 2019. Each NFT will be equipped with an QR code that will link it to an exclusive digital art piece by the same artist. More details will be revealed in the coming days and weeks including the name of the artist along with the digital artwork and how to buy one of the five Space Keys.
The digital artwork
After weeks of social-media posts hinting at it, the luxury car maker Lamborghini finally announced its first venture for non-fungible tokens (NFT). The Space Key is a collection of five physical items that allows you to access an exclusive digital work by an unidentified artist. Created in collaboration with NFT PRO(tm) The "collector's work" is limited to only five units and will be auctioned off shortly.
At lamborghini aventador key of each Space Key is a block of carbon fire composite material. It was sent to the International Space Station in 2019 as part of a research program. After returning to Earth the Space Key was imprinted with the QR code which links it to the digital element of the Space Key.
Each of the five Space Keys features a different moment that occurs at different times as the Lamborghini Ultimae takes off towards the stars. More than 600 million pixels up each of the five images, that were taken by photographer Fabian Oefner.
Oefner utilized a balloon with a camera that captured each of the individual shots which were then combined into the final image. The result is a picture that is completely out of the world. It captures the beauty of Earth and the futuristic, hyperrealistic look of a car rising away from the Earth. The Space Keys are going to be auctioned in the near future, however there is no specific date or location as of yet.
The auction
Lamborghini, the luxury automaker has entered the world of non-fungible tokens (NFTs) with the slogan "to the moon". The project was created in collaboration with NFTPRO(tm). The Space Key is essentially an NFT that contains carbon fiber composite material that went to the International Space Station in 2019 to conduct research. The physical sample was shaped into five unique pieces that connect to unique digital artworks created only by an artist who is not yet revealed via the QR code.
The auctions, which begin between February 1 through February 4, last for 75 hours and 50 minutes, the same 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 NFT will be sold individually and the winner will receive an original digital artwork created by world-renowned photographer Fabian Oefner that captures five different moments the Space Key experienced during its journey through space.
Full details about 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. Keep an eye on Lamborghini's Instagram for all the information you need!