Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a number 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 a non-publicized artist and based on the latest carbon fiber composite materials that were sent to the International Space Station as research material, is a new project which was announced by Lamborghini.
The product was developed in collaboration with NFT PRO(tm)
Italian supercar maker Lamborghini is taking a dive into the world of non-fungible tokens (NFTs). The latest project, dubbed the Space Key, is a work that was created in collaboration with an unidentified artist. The NFT is a unique piece of digital art that is obtained by scanning the use of 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 carbon fiber composite material that Lamborghini smuggled to the International Space Station in 2019 as part of a research project. After it returned to Earth, the carbon fiber was crafted into this distinctive artwork. The physical piece is inscribed with an NFT serial number, which is tied to the digital artwork with QR codes on the back.
For those not in the know, NFTs are distinct identifiers that are recorded on a distributed blockchain ledger and tied to digital assets such as a photograph, video, music or other record. This enables owners to guarantee the authenticity, scarcity and the trackability of their tokens through the internet.
Lamborghini takes this unique approach to art a step further by working with NFT PRO, a white label NFT solution for businesses. In the coming weeks, Lamborghini will reveal details about the exciting project. This includes the names of the artists that are not known and a timeline for auction.
The physical element of the Space Key
Following multiple social media posts teasing something related to space, Italian supercar maker Lamborghini has entered the world of non-fungible tokens (NFT) with a unique project called Space Key. The project was created in collaboration with an unidentified artist and artist, the NFT is a sought-after item that will be auctioned off in just a couple of weeks. At its heart is a piece made of carbon fiber composite material, which was sent to the International Space Station (ISS) in 2019 as part of an investigation project. Carbon fiber was 3D-printed for the base of every Space Key. Each Space Key is connected to a unique, digital image via the QR code. Just lamborghini key holder have been produced.
NFTs are unique identifications that can be recorded in distributed ledgers, like the Blockchain, and connected to digital assets such as images. They're all the rage among those who have more money than sense and it was only a matter of time before an automaker decided to cash in on the trend.
Space Key consists of five units. The components were built using a real piece of the carbon fiber composite, which was sent to the ISS in 2019. Each NFT will come with an QR code that will link it to an exclusive digital art work by the same artist. More details will be released in the coming days and weeks, including the name of the artist along with 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 car maker Lamborghini finally revealed its first project involving non-fungible tokens (NFT). The Space Key is a collection of five physical items that unlocks a unique digital artwork by an unidentified artist. It was created in collaboration with NFT PRO(tm), the "collector's item" is limited to just five units and will be auctioned off soon.
The core of each Space Key is a block of advanced carbon fire composite material that was shipped to the International Space Station in 2019 as part of a research program. After returning to Earth, the block was inscribed with a QR code that links to the digital element within the Space Key.
Each of the five Space Keys will feature a distinct moment that occurs only seconds apart as the Lamborghini Ultimae lifts off toward the stars. Each of the five images was captured by photographer Fabian Oefner and contains over 600 million pixels.
Oefner used a balloon equipped with a camera that captured each of the individual shots, which were later merged into the final image. The result is an image that is completely out of the world. It captures the beauty of Earth and the futuristic, hyperrealistic view of a car rising from the Earth. The Space Keys will be auctioned off soon, but the exact date and time of the auction hasn't been confirmed yet.
The auction
With the slogan "to the moon', luxury automobile maker Lamborghini has entered the realm of non-fungible tokens (NFT) by launching a hypnotic project in collaboration with NFT PRO(tm). The Space Key Space Key is an NFT made of composite carbon fiber material which was transported to the International Space Station for research purposes in 2019. The physical sample was shaped into five unique pieces that link to unique digital artworks created exclusively by an artist who has yet to be revealed through the QR code.
The auctions will be held from February 1 to 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 Lunar orbit. By signing up online, you will be able to bid on the five NFTs. Each one will be auctioned individually and the winner will receive a digital artwork created by renowned photographer Fabian Oefner, which captures the five different times the Space Key passed during its flight in space.
The full details regarding the Space Key and its accompanying digital artworks will be revealed over the next weeks, including the identity of the unidentified artist as well as information on how to purchase these extraordinary creations. Follow Lamborghini on Instagram for all of the details you need!