Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is stepping into the world of non-fungible tokens an idea so far from the realm of possibility that it's difficult to believe. They have collaborated with an unidentified artist to create the Space Key, a physical item that is connected to digital artwork via QR code.
This collaboration is a sign that wealthy car buyers are still spending money, even in the face global financial uncertainty. The quick sales of Lamborghini's hybrid model called the Revuelto is a proof of this.
It's not a fungible token
The non-fungible token (NFT) trend is sweeping the gaming industry and even luxury car manufacturers are getting in on the action. Lamborghini is a glitzy car maker, has announced its first NFT project that includes five digital artworks themed around space that are tied to a tangible item known as the Space Key. The tokens are based off an 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 called Blockchain and linked to a digital asset, like music or images. They are unique, allowing their owners to ensure asset authenticity and scarcity. They can be tracked and controlled via the internet. This is the reason why Lamborghini decided to work with white-label NFT specialist NFT PRO for its upcoming project.
In addition to the art inspired by space, Lamborghini is offering five Space Keys that will be sold via an auction. The NFTs will be placed alongside tangible objects that have been affixed in space, which could increase their value over time as the craze for NFTs continues to increase. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability for users to display their favorite NFTs in their profile images with hexa-shaped frames.
The Space Time Memory NFTs will be sold through an online auction, and the price for each one is a mystery at the moment. The brand has promised to share more details in the coming days and weeks including the name of the artist who created the Space Key and digital artwork and the auction house and the date and time of the auction.
It's an artwork
Lamborghini is merging its love for art and technology that is space-age to create a non-fungible token (NFT) collection that's out of this world. Lamborghini has teamed with Swiss artist Fabian Oefner to develop a series of digital artworks that link to physical objects. They are referred to as "Space Key." Each NFT is comprised of more than 600 million pixels and when you zoom in hidden details such as the firing sequence of the V12 engine or different milling patterns on the cog wheels of transmission are revealed.
The physical part of the Space Key is a piece made of carbon-fiber composite material which was sent to the International Space Station for research purposes in the year 2019. The Space Key has been fashioned into five physical objects known as "space key" and is linked to the digital artwork by a QR-code on the back. The digital artwork is by renowned artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photo of Earth.
lamborghini key cost for the space-themed art will take place at the Lunar New Year on the 1st of February. The auction will last for 75 hours and 50 mins, which is the same time it took to see Apollo 11 leave Earth and begin its journey to orbit. Details about the auction as well as the artwork will be revealed in the coming weeks. As for the artwork itself it is comprised of an image of the Aventador that was built using thousands of photos.
It's 3D-printed carbon fiber
Lamborghini has long been using 3D printing in their cars 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 in an unfungible token (NFT). The NFTs are based on carbon fiber from space and have an unique QR code which connects to an exclusive piece of digital artwork. These NFTs are only five in number and will be auctioned off.
The new NFTs will be based on a piece of advanced carbon fiber composite material that was sent to the International Space Station in 2019 as part of an ongoing research project. After passing all the relevant tests the carbon fiber was sent back to Earth and became a key component of 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 artwork created by an unidentified artist.
NFTs are a brand new type of virtual currency that utilizes blockchain technology to verify ownership and track assets on the internet. They provide many advantages, including the ability to program, a limited supply, and an identifier that is unique. This makes them an ideal solution for the sale and purchase of valuable items such as art, or automobiles.
The company has released very little details about the NFTs, and is keeping things a mystery to generate buzz and excitement among fans. Lamborghini is already known for its lavishness. The NFTs that are coming will definitely attract attention and increase the price. Lamborghini's cars come with a outstanding warranty, despite their expensive cost. The Huracan is covered by a three-year warranty with unlimited mileage for the powertrain.
It's a limited edition
Lamborghini's unique method of luxury has been elevated to the skies by the launch of a brand new non-fungible token called the Space Key. It was developed in collaboration with a yet-unknown artist and is limited to five pieces. Each space key is adorned with a QR code that unlocks an exclusive digital artwork NFT created by the unknown artist. The artwork is a set of five images of an Aventador Ultimae breaking up into the sky against the horizon of Earth.
The physical component of the NFT, the "Space Key" is composed of carbon fiber that Lamborghini delivered to the International Space Station as part of a research project in 2019. Each piece is equipped with an QR code engraved on it that links to a digital image of the original. It is a non fungible token, which cannot be duplicated or sold.
NFTs are a type of digital asset that is recorded on an open ledger. This enables them to be authenticated, secure and programmable over the internet. They can be used for many purposes, from proving ownership of an item to monitoring assets. They can also be used to make games and collectibles.
The first Lamborghini Space Key Auction will be held on the 1st of February and will last exactly 75 hours and fifty minutes, the same duration that Apollo 11 took to leave Earth and enter the moon's orbit. The auction will take place on NFT PRO which is a platform for buying and trading NFTs.