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 revealed its first NFT (non-fungible token) project. Dubbed Space Key and developed in collaboration with an undisclosed artist, it is made up of an advanced carbon fiber composite material that was delivered to the International Space Station for research purposes.
Created 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, named the Space Key, is a piece that was developed by a lone artist. The NFT is a unique piece of digital art that is obtained by scanning a QR code. The project is limited to five pieces and will be auctioned in the coming weeks.
The Space Key is made from carbon fiber composite materials which Lamborghini shipped to the International Space Station in 2019 as part of a research project. The carbon fiber was created into a distinctive artwork after it returned to Earth. The physical component is embossed with an NFT serial number that ties to the corresponding digital artwork by using a QR code that is located on the back.
For those not in the know, NFTs are unique identifiers stored on a blockchain ledger and tied to an digital asset such as a video, image or music. This allows owners to verify the authenticity, scarcity and the traceability of their tokens on the internet.
Working with NFT PRO which is a white-label NFT solution for businesses, Lamborghini has taken this unique approach to art to a new level. Over the next few weeks, Lamborghini will be sharing details about this exciting project including the name of the unidentified artist, as well as the timeline for the auction.
The physical element of Space Key
Following a string of social media posts teasing something space-themed, Italian supercar maker Lamborghini has stepped into the realm of tokens that are non-fungible (NFT) with a unique project called Space Key. The NFT was created in collaboration with a mysterious artist and will be auctioned off in a few short weeks. At its heart is a piece of advanced carbon fiber composite material that was shipped to the International Space Station (ISS) in 2019 as part an experiment. Carbon fiber was 3D-printed for the base of every Space Key. Each Space Key is linked to an exclusive digital artwork using a QR code. Only five Space Keys were produced.
NFTs are unique identifications that can be stored in distributed ledgers like the Blockchain and linked to digital assets like images. This is a hot topic for people who have more money than they have common sense. So it was only a matter of time before automakers decided to cash in.
Space Key is made up of five units. It was designed using a carbon fiber composite. It was sent to the ISS in the year 2019. Each NFT will come with an QR code that connects it to a unique digital artwork created by the same artist. In the coming weeks and days, more information will be revealed including the name and digital artwork of the artist and how to purchase one of the five Space Keys.
The digital artwork
After weeks of social media posts hinting at it, a prestigious car manufacturer Lamborghini has finally announced its first non-fungible token (NFT) project. It's dubbed the Space Key, it consists of five physical items that unlock an exclusive digital artwork NFT by the unidentified artist. The collectors' piece was developed in collaboration with NFTPRO(tm) and is limited to only five units. It will be auctioned soon.
At the center of each Space Key is a block made of a high-tech carbon fire composite material, which was sent to the International Space Station in 2019 as part of a research project. After returning to key lamborghini , the block was engraved with a QR codes that connect to the digital element within the Space Key.
Each of the five Space Keys will feature a separate moment that occurs a few seconds apart as the Lamborghini Ultimae lifts off toward the stars. Each of the five images was filmed by photographer Fabian Oefner and contains over 600 million pixels.
Oefner employed an inflatable camera equipped with a lens to capture the individual images, which were later combined into the final photo. The result is an amazing out of the world photo that captures the beauty of Earth as well as the futuristic, hyper-realistic look of the car rising from it. The Space Keys will be auctioned off in the near future, but the exact date and location of the auction hasn't been set 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 Space Key is an NFT that is made up of composite carbon fiber material that was actually transported to the International Space Station for research purposes in the year 2019. The physical sample was shaped into five unique pieces that connect to unique digital artworks created exclusively by an artist whose name is not yet revealed via the QR code.
The auctions, which be held between February 1 through February 4, last for 75 hours and 50 minutes, the same amount of time it took for Apollo 11 to leave Earth and enter the lunar orbit. By making an online registration, you can bid on the five NFTs. Each one will be auctioned individually and the winner will receive an artwork digitally made by renowned photographer Fabian Oefner, which captures the five different times the Space Key passed during its journey through space.
In the next few weeks, we'll unveil all the details about the Space Key as well as the digital artworks that come with it. This includes the identity of the elusive creator as well as the method of purchasing these amazing artworks. Stay tuned to Lamborghini's Instagram for all the information you require!