Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is stepping into the world of non fungible tokens with an idea so far off the realm of possibility that it's difficult to believe. They have joined forces with an unidentified artist to create the Space Key, a physical object that can be connected to digital art through a QR code.
This collaboration is a sign that car buyers who are wealthy are still spending money, even in the face global financial uncertainty. The quick sales of Lamborghini's new hybrid model called the Revuelto, is an example of this.
It's an un-fungible token
The non-fungible token (NFT) trend is spreading across the gaming industry and even luxury car manufacturers are joining in the action. Lamborghini, a luxury automobile maker, has revealed its first NFT project: a collection of five digital artworks centered around space that are linked to a physical object known as the Space Key. The tokens were created using an advanced carbon fiber composite material that was shipped to the International Space Station in 2019 to conduct a joint research.
NFTs are unique identifiers stored on a distributed ledger called Blockchain and linked to a digital asset like music or pictures. They are one-of-a-kind, allowing their owners to ensure authenticity and scarcity of assets. They are also programmable and trackable online. This is the reason Lamborghini chose to partner with white-label NFT specialist NFT PRO for its new project.
Lamborghini will also offer five Space Keys via auction in addition to the artwork themed around space. The NFTs are joined by tangible items that have been found in space, which will boost their worth as the popularity of NFTs continues to expand. Nike, Samsung, and Reddit have already teamed up with NFTs and Twitter recently added a feature for users to showcase their favorite NFTs on their profile pictures using Hexa-shaped frames.
The Space Time Memory NFTs are sold via an auction on the internet and the price of each is mystery at present. The company has promised to release more details in the coming days and weeks, including the name of the artist who created the Space Key and digital artwork The auction house, and the date and time of the auction.
It's an art piece
Lamborghini is merging its love for art and technology from the space age to create a non-fungible token (NFT) collection that's completely out of the norm. Lamborghini has joined forces with Swiss artist Fabian Oefner in order to create a collection of digital art pieces that connect to physical items, called "Space Key". Each NFT contains over 600 million pixels. And as you zoom, a myriad of details are revealed, like the firing sequence of the V12 engines or the various milling patterns of transmission cog wheels.
The physical component of the Space Key is a piece made of carbon fiber composite that was sent to International Space Station in 2019 for research purposes. The Space Key is cut into five physical objects called "space key" and is linked to the digital art by an QR-code that is located on the back. The digital artwork is the creation of the renowned artist Fabian Oefner, and it shows the Lamborghini Ultimae floating above a photo of Earth.
The first auction of the space-themed artwork will take place on February 1st, which is the start of the Lunar New Year, and it will last for 75 hours and 50 minutes - the same amount of time it took Apollo 11 to leave Earth and enter the moon's orbit. The auction's details and the artwork will be revealed in the coming weeks. The artwork is an exploded view constructed from thousands of photographs of the Aventador.
It's 3D-printed carbon fiber
Lamborghini makes use of 3D printing to make their cars, and now they're going one step further with the launch of their latest NFT. This is the first time Lamborghini has used the technology together with the non-fungible token (NFT). The NFTs are made of carbon fibers from space and are accompanied by an unique QR code which connects to an exclusive digital artwork. These NFTs are limited to five pieces and will be sold at auction.
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 investigation project. After passing all tests, the carbon fiber was returned to Earth as a major component in the Space Key NFT Project. The carbon fiber QR codes on the back of each Space Key connect it to a work of digital art made by an unknown artist.
NFTs is a new virtual currency that utilizes blockchain technology to track assets and verify ownership on the internet. They have many benefits such as scarcity, programmability, and an unique identifier. This makes them an ideal solution for the sale and purchase of expensive objects like art or cars.
The company has released only a little information regarding the NFTs and is keeping the details a secret to generate buzz and excitement among fans. Lamborghini's name is already associated with luxury, and the new NFTs are certain to draw attention and raise prices. Lamborghini's cars come with outstanding warranty, despite their expensive cost. thekeylab.co.uk , for example, comes with a three-year warranty with unlimited miles for the powertrain and bumper-to-bumper warranty.
It's a limited edition
Lamborghini has taken its unique approach to luxury to the skies with a brand-new non-fungible token (NFT) called the Space Key. It was developed in collaboration with an unidentified artist and is limited to five pieces. Each space key comes with a QR code which unlocks the digital artwork of an unidentified artist. The artwork is a set of five images of an Aventador Ultimae breaking up into the sky over the horizon of the earth.
The "Space Key" is the physical component 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 project to research. Each piece is decorated with a QR code that connects to an original digital art work. It is a non-transferable token that cannot be duplicated or sold.
NFTs are cryptographic assets stored on an open database. This allows them to be authenticated and secure over the internet. They can be used for a variety purposes, from to prove ownership of objects to track the movement of assets. They can also be used for the creation of games and collectibles.
The first Lamborghini Space Key auction will be held on February 1 and last for exactly 75 hours and 50 minutes, the exact time it took for Apollo 11 to leave Earth and enter the moon's orbit. The auction will take place on NFT PRO the platform used for buying and trading NFTs.