Lamborghini Enters the World of Non-Fungible Tokens (NFTs)
After a string of social media posts hinting at it, Italian supercar-maker Lamborghini has finally revealed its first NFT (non-fungible token) project. Space Key is being developed in collaboration with an unidentified artist, and based on cutting-edge carbon fiber composite materials that were sent to the International Space Station as research material, is a new project that was announced by Lamborghini.
In collaboration with NFT PRO(tm).
Italian supercar maker Lamborghini is dipping its toes into the world of non-fungible tokens (NFTs). The new project, dubbed the Space Key - is a piece of art that was created in collaboration with an unknown artist. The one-of-a-kind NFT is a physical object which connects to a unique digital artwork, accessible via an QR code on the back. 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 materials which Lamborghini shipped to the International Space Station in 2019 as part of an experiment. The carbon fiber was then transformed into an original artwork when it returned to Earth. The physical element is equipped with an NFT serial code that ties to the digital artwork via QR code on the back.
For www.thekeylab.co.uk not in the aware, NFTs are unique identifiers recorded on a distributed blockchain ledger. They are linked to a digital asset, such as a photo, video or other type of record. This allows owners to ensure authenticity, scarcity, and trackability of tokens through the internet.
Working with NFT PRO, a white-label NFT solution for businesses, Lamborghini will take this unique approach to art to a new level. In the coming weeks Lamborghini will be sharing details about the 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 related to space, Italian supercar maker Lamborghini has entered the world of non-fungible tokens (NFT) with an exclusive project dubbed Space Key. Created in collaboration with an unknown artist the NFT is a collector's piece that will be auctioned off in a few weeks. The NFT is a piece made of carbon fiber composite material, which was sent to the International Space Station (ISS) in 2019 as part of a research project. The carbon fiber has been 3D printed to form the basis of each Space Key, which is connected to an exclusive, entirely digital artwork via the QR code that is on its backside. Five Space Keys have been produced.
NFTs are unique IDs that can be logged in distributed ledgers like the Blockchain and linked to a digital asset like images. It's a hot topic with people with more money than common sense. It was only a matter of time until automakers decided to take advantage of.
Space Key is made up of five parts. It was developed using a carbon fiber composite. It was sent to the ISS back in 2019. Each NFT will be equipped with a QR code which links it to an exclusive digital art work by the same artist. More details will be released in the coming days and weeks including the artist's name who created the digital art work and how to purchase one of the five Space Keys.
The digital artwork
After several weeks of social media posts that hinted at it, a prestigious car manufacturer Lamborghini has finally announced its first non-fungible token (NFT) project. The Space Key is a collection of five physical items that allows you to access an exclusive digital work by an unidentified artist. The "collectors' piece" was developed in collaboration with NFTPRO(tm) and is limited to just five units. It will be auctioned shortly.
Each Space Key contains a block composed of a carbon-fire composite material, which was sent to the International Space Station as part of a research project in 2019. After returning to Earth, the block was engraved with a QR code that links to the digital component in the Space Key.
Each of the five Space Keys will feature a distinct moment that happens seconds apart as the Lamborghini Ultimae lifts off toward the stars. More than 600 million pixels each of the five images which were captured by photographer Fabian Oefner.
Oefner utilized an inflatable camera with a lens to capture individual images, which were later combined into the final photo. The result is an amazing out of the world image that captures the beauty of the Earth as well as the futuristic, hyper-realistic picture of the car rising away from it. The Space Keys will be auctioned off in the near future, however the exact date and time of the auction hasn't been revealed yet.
The auction
With the slogan "to the moon', luxury automobile manufacturer Lamborghini has entered the world of non-fungible tokens (NFT) with a mesmerizing project developed in collaboration with NFT PRO(tm). The Space Key Space Key is an NFT that contains composite carbon fiber that was actually taken to the International Space Station for research purposes in the year 2019. The actual sample was cut into five unique pieces that connect to exclusive digital art work created exclusively by an artist whose name has not yet been announced through the QR code.
The auctions will run from February 1 through February 4. They will run for 75 hours and 50 minutes - the time it took Apollo 11 for him to leave Earth and enter lunar orbit. By making an online registration, you can bid on the five NFTs. Each NFT will be auctioned off separately and the winner will get an artwork created by renowned photographer Fabian Oefner that captures five different moments the Space Key experienced during its flight in outer space.
The full details regarding the Space Key and its accompanying digital artworks will be announced over the next weeks, including the identity of the unidentified artist and information on how to obtain these amazing creations. Follow Lamborghini on Instagram for all the information you need!