Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a string of social media posts hinting at it, Italian supercar maker Lamborghini finally revealed its NFT (non fungible token) Project. The project is dubbed Space Key and created in collaboration with an unknown artist, it is based on a piece of advanced carbon fiber composite material that was delivered to the International Space Station for research purposes.
Developed in collaboration NFT PRO(tm).
Italian supercar maker Lamborghini is looking to dip its toes into the world of non-fungible tokens (NFTs). The new project - called the Space Key - is a work of art that was made in collaboration with an unidentified artist. The NFT is an exclusive piece of digital art that can be accessable via the use of a QR code. The project is limited and will be auctioned off within the next few weeks.
The Space Key is made of carbon composite material that Lamborghini, as part a research project in the year 2019 sent to the International Space Station. Once it returned to earth, the carbon fiber was transformed into this unique artwork. The physical element is engraved with an NFT serial number which ties to the corresponding digital artwork via a QR code on the back.
For those who don't know, NFTs are distinct identifiers recorded on a distributed blockchain ledger. They are linked to a digital asset such as a photo, video, music or other record. This allows owners to guarantee authenticity and the scarcity of their tokens over the internet.
Working with NFT PRO, a white-label NFT solution for businesses, Lamborghini has taken this unique approach to art to the next level. Over the next few weeks Lamborghini will be sharing details about the 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 that tease something that was space-related, Italian supercar maker Lamborghini has stepped into the realm of tokens that are non-fungible (NFT) with a unique project dubbed Space Key. The project was created in collaboration with an unidentified artist and artist, the NFT is a collector's item that will be auctioned off within a couple of weeks. The core of the NFT is a piece that's made of the latest carbon fiber composite material that was delivered to the International Space Station (ISS) in 2019 as part of a research project. Carbon fiber was 3D printed to form the base of each Space Key. Each Space Key is connected to a unique, digital image via a QR code. Only five Space Keys were produced.
NFTs are unique identifiers that can be stored on distributed ledgers such as the Blockchain and tied to digital assets such as pictures. This is a hot topic for people who have more money than they have common sense. It was just a matter of time until automakers decided to cash in.
Space Key is made up of five parts. It was developed with a carbon fiber composite that was delivered to the ISS in the year 2019. Each NFT will have an QR code that connects it to a unique digital artwork created by the same artist. In the coming weeks and days, more details will be revealed, including the name and digital artwork of the artist as well as how to purchase one of the five Space Keys.
The digital artwork
After weeks of social media posts hinting at it, the luxury automobile maker Lamborghini finally announced its first project for tokens that are non-fungible (NFT). The project is dubbed the Space Key, it consists of five items that unlock an exclusive digital artwork NFT by an unidentified artist. The project was developed in collaboration with NFT PRO(tm) the 'collector's piece' is limited to five units and will be auctioned off soon.
The core of each Space Key is a block made of a high-tech carbon fire composite material that was sent to the International Space Station in 2019 as part of a research program. After returning to Earth the space key was made into the QR code which links it to the digital element of the Space Key.
Each of the five Space Keys will feature a distinct moment that happens seconds apart as the Lamborghini Ultimae lifts off toward the stars. More than 600 million pixels make each of the five images, which were taken by photographer Fabian Oefner.
Oefner used an inflatable camera with an lens to take individual images, which were later assembled into the final photograph. The result is an amazing out of the world photo that captures the beauty of the Earth as well as the futuristic, hyper-realistic look of the car erupting from it. The Space Keys are going to be auctioned off soon, but there's no precise date or location 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 that was developed in collaboration with NFT PRO(tm). The Space Key is essentially an NFT that contains carbon fiber composite material that actually was sent to the International Space Station in 2019 to conduct research. The actual sample was shaped into five unique pieces that link to unique digital artworks created exclusively by an artist who has not yet been announced via the QR code.
The auctions are scheduled to take place between February 1 and February 4. They will run for 75 hours and 50 minutes - the amount of time it took Apollo 11 for him to leave Earth and enter the lunar orbit. The five NFTs can be bid on by creating an account online. lambo keys will be sold by itself and the winner will be awarded a digital image created by the renowned photographer Fabian Oefner, which captures the five distinct moments the Space Key passed during its journey through space.
More details about 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 the best way to acquire these out-of-this-world creations. Follow Lamborghini on Instagram for all of the information you need!