Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is entering the world of non-fungible tokens with a project so out of this planet that it's hard to believe. They have collaborated with an unknown artist to create the Space Key, a physical object that can be connected to digital artwork via QR code.
This partnership is proof that wealthy car owners continue to spend money regardless of the global financial crisis. Lamborghini's hybrid model Revuelto is proof.
It's not a token that can be used in a variety of ways.
The non-fungible token (NFT) trend is taking over the gaming industry however, even top car manufacturers are getting in on the action. Lamborghini is a luxury automobile manufacturer, has unveiled its first NFT project: a collection of five digital artworks centered around space that are tied to a physical object called the Space Key. The tokens were crafted from a carbon fiber composite which was sent to International Space Station for a joint project in the year 2019.
NFTs are unique identifiers recorded on a distributed ledger, known as Blockchain and linked to digital assets, like music or pictures. They are unique, which allows owners to ensure the authenticity and rarity of their assets. They can be monitored and programmed via the internet. This is the reason why Lamborghini decided to work with white-label NFT specialist NFT PRO for its latest project.
In addition to the space-themed artwork, Lamborghini is offering five Space Keys that will be auctioned off. The NFTs will be coupled with tangible objects that have been sent taken to space, which may increase their value as the craze for NFTs continues to increase. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the capability to display their favourite NFTs in their profile pictures by using hexa-shaped frames.
The Space Time Memory NFTs will be offered through an online auction. At present, the price of each NFT is a bit hazy. The company has stated that it will release more information in the coming days and weeks including the name and artist behind the Space Key, digital artwork and the auction house.
It's a work of art
Lamborghini has created a series of non-fungible tokens (NFTs) that are out of the world. The brand has partnered up with Swiss artist Fabian Oefner in order to create a collection of digital art works that link to physical objects, dubbed "Space Key". Each NFT is made up of over 600 million pixels and when you zoom, hidden details are revealed, including the firing sequence of the V12 engines or the various milling patterns of cog wheels for transmissions.
The physical component of the Space Key is a piece made of carbon-fiber composite material that was delivered to the International Space Station for research purposes in 2019. It's shaped into five physical objects referred to as "space keys" and is linked to the digital art work via a QR code on the back. The digital art is the work of the renowned artist Fabian Oefner, and it shows the Lamborghini Ultimae floating above a photograph of Earth.
The first auction of the artwork with a space theme will take place on February 1st. This is the day of the Lunar New Year, and it will last for 75 hours and 50 minutes - which is the same amount of time it took for Apollo 11 to leave Earth and enter the moon's orbit. The details about the artwork as well as the auction will be announced over the next few weeks. The artwork is an exploded view created from thousands of images of the Aventador.
It's a carbon fiber 3D-printed
Lamborghini uses 3D printing for their vehicles and now they're taking it one step further by launching their latest NFT. This is the first time the company has employed the technology together with the non-fungible token (NFT). The NFTs are made of carbon fibers from space and feature an unique QR code that connects to an exclusive piece of digital artwork. Only five of these NFTs will be produced, and they'll be sold in an auction.
The new NFTs are constructed from a piece of carbon fiber composite that was sent to International Space Station as part of a research project in 2019. After passing all tests, the carbon fibre was returned to Earth as a crucial component in the Space Key NFT Project. The carbon fiber QR codes that are on the back of each Space Key link it to a piece digital art created by an unidentified artist.
NFTs are a new form of virtual currency which utilizes blockchain technology to verify ownership and track assets on the internet. They provide many advantages, including scarcity, programability, and an identifier unique to each. This makes them an excellent option for the sale and purchase of valuable objects like art or automobiles.
The company hasn't revealed any details about the NFTs and has kept it a secret to create excitement and buzz among fans. Lamborghini's brand is already associated with extravagance, so the NFTs will be sure to draw attention and raise prices. Lamborghini's cars come with an excellent warranty despite their costly cost. The Huracan is covered by a warranty of three years with unlimited mileage for the powertrain.
It's an exclusive edition
Lamborghini's unique approach to luxury has been elevated to the skies by the launch of a brand new non-fungible token called the Space Key. The Keylab was created in collaboration with a nebulous artist and is limited to five pieces. Each space key is adorned with the QR code which unlocks an exclusive digital art work NFT created by an unknown artist. The art work is a set of five images of an Aventador Ultimae breaking up into the sky against the horizon of Earth.
The "Space Key" is the physical part of the NFT. It is made of carbon fiber pieces that Lamborghini has delivered to the International Space Station in 2019 as part of a program for research. Each piece is engraved with an QR code that links to a one-of-a-kind digital artwork. It is a non-transferable token, which cannot be duplicated or sold.
NFTs are cryptographic assets that are recorded on the internet as a distributed database. This allows them to be authenticated and secure via the internet. They are able to be used for various purposes, from proving ownership of an item to monitoring assets. They can be used to create collectibles and games.
The first Lamborghini Space Key Auction will be held on February 1 and will last for 75 hours and fifty minutes, which is the same length of time Apollo 11 took to leave Earth and enter into the moon's orbit. The auction will take place on NFT PRO the platform used for buying and trading NFTs.