Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini has entered the realm of non-fungible tokens (NFTs) with a plan that is literally out of the norm. They have teamed up with an yet unidentified artist to create a tangible object - called the Space Key - that is linked to digital artwork via an QR code.
This partnership is proof that the wealthy car buyers continue to spend money despite the global financial turmoil. The quick sellout of Lamborghini's brand new hybrid model, the Revuelto, is proof of this.
It's not a fungible token.
The non-fungible token (NFT) trend has taken over the gaming world, but now even top automakers are joining in on the fun. Lamborghini is a glitzy automobile maker, has revealed its first NFT project that includes five digital artworks centered around space, which are connected to a tangible item known as the Space Key. The tokens are based on a piece of advanced carbon fiber composite material that was sent to the International Space Station in 2019 for 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 asset such as images or music. They are unique, allowing their owners to ensure authenticity of the asset and to ensure its scarcity. They can be tracked and controlled via the internet. Lamborghini chose NFT PRO as a white-label NFT specialist to develop its new project.
In addition to the space-themed artwork, Lamborghini is offering five Space Keys that will be sold via an auction. The NFTs are paired 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 capability for users to display their favorite NFTs on their profile photos with hexa-shaped frames.
The Space Time Memory NFTs will be sold via an online auction and the cost for each is a bit of an unknown at the moment. The brand has promised that it will share more information in the coming weeks and days including the name of the artist and his identity behind the Space Key, digital artwork and the auction house.
It's an art work
Lamborghini is mixing its love of art and technology that is space-age to create a non-fungible token (NFT) collection that's beyond. The brand has partnered with Swiss artist Fabian Oefner to develop a series of digital art works that link to physical objects, called "Space Key." Each NFT has more than 600 million pixels, and as you zoom in hidden details such as the firing sequence of the V12 engine or the different milling patterns on the wheels of transmission are exposed.
thekeylab.co.uk 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. It's shaped into five physical objects referred to as "space keys" and is connected to the digital artworks via an QR code on the back. The digital art is the work of the renowned artist Fabian Oefner, and it depicts the Lamborghini Ultimae floating above a photograph of Earth.
The first auction for the art inspired by space will take place at the Lunar New Year on the 1st of February. It will last 75 hours and 50 minutes that's the same time it took Apollo 11 leave Earth and enter its orbit. Details about 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 3D-printed carbon fibre
Lamborghini has long used 3D printing in their cars and now they're taking it a step further by launching of their latest NFT project. This is the company's first time making use of the technology using a non fungible token (NFT). The NFTs include a QR code linked to a digital piece of exclusive artwork. They are made of carbon fiber sourced from space. Only five of these NFTs will be produced, and they'll be sold in an auction.
The new NFTs will be based on a piece of carbon fiber composite material that was sent to the International Space Station in 2019 as part of an investigation project. After having passed all tests, the carbon fibre 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 with a piece of digital artwork created by an unidentified artist.
NFTs are a fresh type of digital currency that makes use of blockchain technology to prove ownership and track assets on the internet. They offer many advantages such as their scarcity, programability, as well as an identifier that is unique. This makes them an excellent solution for selling and purchase of valuable objects like art or automobiles.
The company has only released a few information regarding the NFTs and is keeping things a mystery to create excitement and buzz among fans. Lamborghini is well-known for its extravagantness. The NFTs that are coming will definitely attract attention and raise prices. Despite their high cost, Lamborghini offers an excellent warranty on its vehicles. The Huracan model, for instance, comes with a three-year guarantee with unlimited miles for powertrain and bumper-to-bumper warranties.
It's a limited edition
Lamborghini has introduced its unique style of luxury to the skies with a new non-fungible token (NFT) called the Space Key. It was developed in collaboration with an unknown artist and is limited to five pieces. Each space key is the QR code, which opens an artwork digitally created by an unidentified artist. The artwork is a set of five images depicting an Aventador Ultimae bursting into the sky against a backdrop of Earth's horizon.
The "Space Key" is the physical part of the NFT. It's made of carbon fiber pieces that Lamborghini has sent to the International Space Station in 2019 as part of a research project. research. Each piece is embossed with the QR code that connects to an original digital art work. It is a non fungible token that cannot be duplicated or sold.
NFTs are cryptographic assets stored on a distributed database. This allows them to be authenticated, secure and programmable over the internet. They can be used for a variety of purposes, from proving ownership of an item to keeping track of assets. They can also be used to design games and collectibles.
The first Lamborghini Space Key Auction will begin on February 1 and will last exactly 75 hours and fifty minutes, which is the exact amount of time that Apollo 11 took to leave Earth and enter into the moon's orbit. The auction will be held on NFT PRO, a web-based platform for selling and buying NFTs.