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. Space Key is a project that was created in collaboration with an unidentified artist, and based on cutting-edge carbon fiber composite materials that were shipped to the International Space Station as research material, is a project that has been revealed by Lamborghini.
Created in collaboration with NFT PRO(tm)
Italian supercar maker Lamborghini is dipping its toes into the world of non-fungible tokens (NFTs). The new project, called the Space Key, is a work that was created in collaboration with a unknown artist. The unique NFT is a tangible item that connects to exclusive digital artwork that is accessible via a QR code on the back. The project is limited to five pieces and will be auctioned in the coming weeks.
The Space Key is made of carbon composite materials that Lamborghini, as part a research project in 2019 was sent to the International Space Station. The carbon fiber was crafted into a unique artwork when it returned to Earth. The physical component is engraved with an NFT serial number that ties to the digital artwork via a QR code that is located on the back.
NFTs, for those who aren't familiar they are unique identifiers that are recorded on a distributed ledger of the blockchain and linked to an digital asset such as a photograph, video, song or any other kind of record. This lets owners ensure the authenticity, scarcity and the traceability of their tokens on the internet.
Working with NFT PRO, a white-label NFT solution for businesses, Lamborghini will take this unique approach to art to the next level. In the coming weeks, Lamborghini will reveal details about this exciting venture. This includes the names of the unknown artists and a schedule for auction.
The physical element of Space Key
Following multiple social media posts that tease some kind of space-themed item, Italian supercar maker Lamborghini has stepped into the realm of tokens that are non-fungible (NFT) by launching an exclusive project called Space Key. It was developed in collaboration with an unknown artist The NFT is a collector's item that will be auctioned off within a few weeks. The NFT 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 was 3D printed to form the base of each Space Key, which is connected to an exclusive, purely digital artwork using an QR code on its backside. Only five Space Keys were produced.
NFTs are unique IDs that can be logged in distributed ledgers such as the Blockchain and linked to a digital asset like pictures. They're a hot topic among people with more money than sense and it was only a matter of time until an automaker decided to cash in on the trend.
Space Key is made up of five parts. lamborghini centenario key was designed using a piece of carbon fiber composite. It was delivered to the ISS in the year 2019. Each NFT will come with a QR code that links it to a special digital art work by the same artist. More details will be made available in the coming days and weeks, including the artist's name, the digital artwork and the method of purchasing one of the five Space Keys.
The digital artwork
After weeks of social-media posts hints, 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 which allows you to access an exclusive digital work by an unknown artist. The "collectors' piece" was developed in collaboration with NFTPRO(tm) and is limited to only five units. It will be auctioned off soon.
At the center of each 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 project. After returning to Earth the block was engraved with QR codes that link to the digital element in 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. More than 600 million pixels make each of the five images that were taken by photographer Fabian Oefner.
Oefner utilized an inflatable camera that had a lens to capture the individual images, which were later put together into the final image. The result is an image that is out of this world. It captures the beauty of Earth and the futuristic, hyperrealistic picture of a car rising from the Earth. The Space Keys are going to be auctioned in the near future, however there is no exact date or time yet.
The auction
Lamborghini the premium 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 that is made up of carbon fiber composite material, which was sent to the International Space Station in 2019 for research purposes. The physical sample was then shaped into five unique pieces that connect to exclusive digital art work created exclusively by an artist whose name has yet to be revealed via the QR code.
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 Apollo 11 to leave Earth and enter lunar orbit. The five NFTs can be bought by signing up online. Each NFT will be sold separately and the winner will receive an original digital art work by the renowned photographer Fabian Oefner that captures five different moments that the Space Key experienced during its flight through space.
The full details of the Space Key and its accompanying digital artworks will be released over the next weeks, including the identity of the unknown artist, as well as details on how to acquire these out-of-this-world creations. Follow Lamborghini on Instagram for all the details you need!