Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is entering the world of non-fungible tokens with an idea that is so far off the realm of possibility that it's difficult to believe. They have teamed up with an yet-unknown artist to create a tangible object - called the Space Key - that is connected to digital artwork by a QR code.
This partnership is proof that wealthy car owners continue to spend money despite the uncertainty of global financial markets. Lamborghini’s new hybrid model Revuelto is a proof.
It's an un-fungible token
The non-fungible token (NFT) craze is sweeping the gaming industry however, even top car manufacturers are getting in on the action. Luxury car manufacturer Lamborghini has revealed its first NFT project - a set of five digital works that depict space linked to a tangible object dubbed the Space Key. The tokens are based on a piece of carbon fiber composite material that was shipped to the International Space Station in 2019 for a joint research project.
NFTs are unique identifiers recorded on a distributed ledger known as Blockchain and tied to a digital asset, like music or pictures. They are unique, which allows owners to verify the authenticity and security of their assets. They can also be programmed and trackable online. Lamborghini decided to use NFT PRO which is 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 will be coupled with tangible objects that have been 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 to display their favorite NFTs in their profile photos by using hexa-shaped frames.
The Space Time Memory NFTs will be offered via an online auction. For now the cost of each NFT is still a bit hazy. The company has stated that it will share more information in the coming days and weeks including the name of the artist behind the Space Key, digital artwork and the auction house.
It's a work of art
Lamborghini has created a collection of non-fungible tokens (NFTs) that are not part of this planet. The brand has teamed 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 more than 600 million pixels. as you zoom, hidden details are revealed, such as the firing sequence of the V12 engines or the different milling patterns of the cog wheels used in transmissions.
The physical component of the Space Key is a piece made of carbon fiber composite that was shipped to the International Space Station in 2019 to conduct research. The Space Key is formed into five physical objects known as "space key" and linked to the digital art via a QR-code printed on the back. The digital artwork is by famous artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photo of Earth.
The first auction for the art that is space-themed will be held during the Lunar New Year on the 1st of February. It will run for 75 hours and 50 minutes that's the same duration it took Apollo 11 leave Earth and enter its orbit. Details about the artwork and the auction will be revealed in the coming weeks. The artwork itself it is comprised of an unexploded view of the Aventador which was constructed using thousands of photos.
It's 3D-printed carbon fibre
Lamborghini uses 3D printing to make their cars and now they're taking it one step further by launching their latest NFT. This is the first time using the technology in an intangible token (NFT). The NFTs are inspired by carbon fibers found in space and feature a unique QR code that links to an exclusive piece of digital artwork. These NFTs are limited to five and will be sold at auction.
The new NFTs will be built on an carbon fiber composite material that was sent to the International Space Station in 2019 as part of an experiment. After passing all relevant tests the carbon fiber was returned to Earth and became a crucial component of the Space Key NFT project. Each of the five Space Keys will be linked to a piece of digital art created by an unknown artist via the carbon fiber QR code which is located on their back.
NFTs are a new form of digital currency that makes use of blockchain technology to verify ownership and track assets on the internet. They offer many benefits including their scarcity, programability, as well as an individual identifier. This makes them a great solution for selling valuable items like cars and artwork.
The company has only released a few information regarding the NFTs and is keeping the details under wraps to generate buzz and excitement among fans. Lamborghini is already known for its extravagant designs. The new NFTs are sure to draw attention and will increase prices. Lamborghini's vehicles come with great warranty despite their high cost. The Huracan is covered by a warranty of three years with unlimited mileage for the engine.
It's a limited edition
Lamborghini's unique method of luxury has been taken to the skies by an innovative non-fungible token called the Space Key. It was created in collaboration with an unidentified artist and is limited to five pieces. Each space key is an QR code that unlocks a digital artwork created by an unknown artist. The artwork is a set of five photos that show an Aventador Ultimae bursting into the sky against a backdrop of Earth's horizon.
The physical component of the NFT, the "Space Key," is comprised of carbon fiber pieces Lamborghini delivered to the International Space Station as part of a research project that began in 2019. Each piece is decorated with a QR code that enables an exclusive digital artwork. It's a non-transferable item that cannot be duplicated or sold to another.
NFTs are cryptographic assets recorded on a distributed database. This allows them to be verified and secured through the internet. They are able to be used for various purposes, ranging from proving ownership of an item to keeping track of assets. lamborghini gallardo key can also be used to design games and collectibles.
The first Lamborghini Space Key auction will take place on February 1 and will last for exactly 75 hours and 50 minutes, the same time it took 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.