Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is entering the realm of non fungible tokens with an idea that is so far off this world that it's difficult to believe. They have joined forces with an unknown artist to create the Space Key, a physical item that is linked to digital art via QR code.
This collaboration proves that wealthy car owners continue to spend money, despite global financial uncertainty. Lamborghini's new hybrid model Revuelto is proof.
It's an un-fungible token
The non-fungible token (NFT) trend is taking over the gaming industry but even premium car makers are joining in the action. Lamborghini is a luxury automobile manufacturer, has unveiled its first NFT project that includes five digital artworks themed around space, which are connected to a tangible item known as the Space Key. The tokens are made from a piece of advanced carbon fiber composite material, which was sent to the International Space Station in 2019 as part of a joint research program.
NFTs are unique identifiers that are recorded on a distributed ledger, known as Blockchain and linked to digital assets, like music or pictures. They are unique, which allows owners to prove the authenticity and value of their assets. They can also be monitored and programmed through the internet. This is the reason Lamborghini chose to partner with white-label NFT specialist NFT PRO for its latest project.
In addition to the art inspired by space, Lamborghini is offering five Space Keys that will be auctioned off. The NFTs are paired with tangible items that have been found in space, which will boost their worth as the popularity of NFTs continues to expand. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the capability to display their favorite NFTs on their profile photos using hexa-shaped frames.
The Space Time Memory NFTs will be offered via an online auction. At present the cost of each NFT is still somewhat elusive. The company has promised to release more information in the coming weeks and days, including the name of the artist who created the Space Key and digital artwork as well as the auction house and the date and time of the auction.
It's an art work
Lamborghini has developed a collection of non-fungible tokens (NFTs) that are not part of this planet. The brand has partnered with Swiss artist Fabian Oefner to develop a series of digital art works that connect to physical objects. This is known as "Space Key." Each NFT has more than 600 million pixels, and when you zoom in, hidden details such as the firing sequence of the V12 engine or the various milling patterns on the wheels of transmission are exposed.
The physical part of the Space Key is a piece of carbon fiber composite material that was shipped to the International Space Station for research purposes in 2019. It's cut into five physical objects referred to as "space keys" and is connected to the digital artworks by an QR code that is located on the back. The digital artwork is by famous artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photo of Earth.
The first auction of the artwork with a space theme will take place on February 1st, which is the beginning of the Lunar New Year, and it will last for 75 hours and 50 minutes - the same amount of time it took for Apollo 11 to leave Earth and enter the moon's orbit. Details about the auction as well as the artwork will be announced in the coming weeks. The artwork itself, it consists of an expanded view of the Aventador which was constructed out of thousands of photographs.
It's a 3D-printed carbon fiber
Lamborghini has been using 3D printing in their vehicles and now they're taking it an step further with the launch of their latest NFT project. This is the company's first time using the technology with the non-fungible token (NFT). The NFTs have a QR code connected to a digital piece of artwork that is exclusive to the company. They are made of carbon fiber from space. Five of these NFTs will be produced and they'll be auctioned off at an auction.
The new NFTs will be built upon a piece of carbon fiber composite material that was shipped to the International Space Station in 2019 as part of a research project. After passing all the relevant tests the carbon fiber was returned to Earth and became a major component of the Space Key NFT project. The carbon fiber QR codes on the back of each Space Key will connect it with a piece of digital artwork made by an unknown artist.
NFTs are an innovative form of virtual currency which utilizes blockchain technology to verify ownership and track assets on the internet. They have many advantages including availability, programability, and an individual identifier. This makes them an ideal option for the sale of important items such as cars and artwork.
The company has released only a little information regarding the NFTs, and is keeping the details under wraps to generate buzz and excitement among fans. Lamborghini's name is already associated with luxury, and the new NFTs are sure to draw attention and raise prices. The Key Lab come with a excellent warranty, despite their pricey price. The Huracan model, for instance, is backed by three-year coverage with unlimited miles for powertrain and bumper-to-bumper warranties.
It's a limited edition
Lamborghini has introduced its unique style of luxury to the skies with a brand-new non-fungible token (NFT) known as the Space Key. It was created by a yet to be identified artist and is limited to five pieces. Each space key is adorned with an QR code that opens an exclusive digital artwork created by an unknown artist. The artwork consists of five images depicting an Aventador Ultimae bursting into the sky against the background of the Earth's horizon.
The physical NFT component, the "Space Key" is made of carbon fiber pieces Lamborghini sent to the International Space Station as part of a research project in 2019. Each piece is equipped with an QR code imprinted on it, which links to a digital illustration of the original. It is a non-transferable token, and cannot be duplicated or sold.
NFTs are digital asset that is recorded on an open ledger. This enables them to be authenticated, secured and programable over the internet. They can be utilized for a variety reasons, ranging from proving ownership of an object to tracking the movement of assets. They can also be used to make collectibles and games.
The first Lamborghini Space Key auction will take place on February 1 and last for a total of 75 hours and 50 minutes, which is the exact time it took for Apollo 11 to leave Earth and enter the moon's orbit. The auction will take place on NFT PRO, a web-based platform for the purchase and sale of NFTs.