Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is entering the world of non-fungible tokens an idea so far off the realm of possibility that it's hard to believe. They have teamed up with an unidentified artist to create the Space Key, a physical item that is connected to digital art through a QR code.
This collaboration proves that wealthy car owners continue to spend money regardless of the global financial crisis. Lamborghini’s new hybrid model Revuelto is a proof.
It's not a fungible token.
The non-fungible token (NFT) trend is sweeping the gaming world but even premium car makers are getting in on the action. Luxury car manufacturer Lamborghini has unveiled its very first NFT project - a set of five space-themed digital artworks that are connected to a physical object dubbed the Space Key. The tokens were created using a piece of carbon fiber composite material that was sent to the International Space Station in 2019 as part of a joint research project.
NFTs are unique digital identifiers which are stored on a distributed database, known as Blockchain. They can be linked to any digital object such as music or images. They are unique, allowing their owners to ensure asset authenticity and scarcity. They can also be programmed and trackable over the internet. Lamborghini decided to use NFT PRO, a white-label NFT specialist to work on its latest project.
In addition to the space-themed artwork, Lamborghini is offering five Space Keys that will be sold via an auction. The NFTs are coupled with tangible items that have been in space, which will boost their worth as the popularity of NFTs continues to grow. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability for users to display their favourite NFTs on their profile photos using hexa-shaped frames.
The Space Time Memory NFTs will be offered via an auction on the internet. As of now the cost of each NFT is a bit hazy. The brand promises to reveal more details 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 artwork
Lamborghini is combining its love of art and technology from the space age to create an un-fungible token (NFT) collection that is out of the ordinary. Lamborghini has teamed up with Swiss artist Fabian Oefner in order to create a series of digital art pieces that link to physical objects, known as "Space Key". Each NFT is comprised of more than 600 million pixels. as you zoom, a myriad of details are revealed, like the firing sequence of the V12 engines or the various milling patterns of the cog wheels used in transmissions.
The physical component of the Space Key is a piece made of carbon-fiber composite material that was shipped to the International Space Station for research purposes in the year 2019. It's shaped into five items that are referred to "space keys" and is connected to the digital artworks by a QR code on the back. The digital art is the work of renowned artist Fabian Oefner, and it shows the Lamborghini Ultimae floating above a photo of Earth.
The first auction of the artwork that is space-themed will be held on February 1st, the start 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 on the auction and the artwork will be announced in the coming weeks. The artwork is an exploded image constructed from thousands of photographs of the Aventador.
It's a 3D-printed carbon fiber
Lamborghini has used 3D printing in their vehicles and now they're taking it an step further by launching of their latest NFT project. This is the company's first time using the technology to create an intangible token (NFT). The NFTs contain a QR-code linked to a digital piece of exclusive artwork. lamborghini aventador car key are made from carbon fiber taken from space. Only five of these NFTs will be made and they'll be auctioned off in an auction.
The new NFTs are based on a piece advanced carbon fiber composite that was shipped to the International Space Station as part of a research project in 2019. After passing all tests, the carbon fiber was returned to Earth as a key element in the Space Key NFT Project. Each of the five Space Keys will be linked to a piece of digital artwork created by an unknown artist by using the carbon fiber QR code on their back.
NFTs are a fresh type of digital currency that makes use of blockchain technology to verify ownership and track assets on the internet. They have numerous advantages such as scarcity, programmability and an individual identifier. This makes them a great solution for the sale of valuable objects like art and cars.
The company hasn't shared much information on the NFTs and has kept it under wraps to generate excitement and a buzz among its fans. Lamborghini's brand is already synonymous with luxury, so the new NFTs are bound to draw attention and raise prices. Lamborghini's cars come with excellent warranty, despite their pricey price. The Huracan is covered by a three-year warranty with unlimited mileage for the engine.
It's a limited edition
Lamborghini has adopted a unique method of bringing luxury to the skies with a brand new non-fungible token (NFT) known as the Space Key. It was developed in collaboration with an unknown artist and is limited only to five pieces. Each space key features an QR code that opens an exclusive digital artwork NFT made by an unidentified artist. The artwork is a set of five photos that show an Aventador Ultimae bursting into the sky against the backdrop of the horizon of Earth.
The "Space Key" is the physical part of the NFT. It's constructed of carbon fiber pieces that Lamborghini has sent to the International Space Station in 2019 as part of a project for research. Each piece is decorated with the QR code that opens a one-of-a-kind digital artwork. It is a non-fungible token, that can't be duplicated or sold.
NFTs are cryptographic asset that is recorded on an open ledger. This allows them to be authenticated and secure via the internet. They are used for a variety of uses, from the verification of ownership of an object to tracking the movement of assets. They can be utilized to create collectibles or games.
The first Lamborghini Space Key Auction will begin on February 1 and will last 75 hours and fifty minutes, which is the same length of time Apollo 11 took to leave Earth and enter into the orbit of the moon. The auction will be held on NFT PRO which is a platform for buying and trading NFTs.