The Key Lab Enters the Non-Fungible Token (NFT) Craze
Lamborghini has entered the realm of non-fungible tokens (NFTs) with a plan that is out of the ordinary. They have partnered with a yet unidentified artist to create a tangible object - called the Space Key - that is connected to digital artwork by the QR code.
This partnership is proof that car buyers with wealth continue to spend money despite the global financial turmoil. Lamborghini's latest hybrid model Revuelto is a proof.
It's not a fungible token
The non-fungible token (NFT) trend has swept the world of gaming, but now even top automakers are joining in on the fun. The luxury car maker Lamborghini has revealed its first NFT project - a set of five space-themed digital artworks that are connected to a physical object called the Space Key. The tokens are based on a piece of carbon fiber composite material that was sent to the International Space Station in 2019 for a joint research project.
NFTs are unique identifiers that are recorded on a distributed ledger, known as Blockchain and linked to a digital asset such as pictures or music. They are unique, which allows owners to prove the authenticity and value of their assets. They are also programmable and trackable via the internet. Lamborghini decided to use NFT PRO which is a white-label NFT specialist, to work on its latest project.
Lamborghini will also auction off five Space Keys via auction in addition to artwork that is themed around space. The NFTs are coupled with tangible items that have been in space, which will boost their value as the NFT craze continues to grow. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability to display their favorite NFTs in their profile images using hexa-shaped frames.
The Space Time Memory NFTs will be sold via an auction on the internet. At the moment the cost of each NFT is still a bit mysterious. The company has stated that it will release 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 masterpiece of art
Lamborghini has created a collection of non-fungible tokens (NFTs) that are out of the world. Lamborghini has teamed with Swiss artist Fabian Oefner to develop a series of digital art works that link to physical objects, called "Space Key." Each NFT contains more than 600 million pixels and when you zoom in hidden details such as the firing sequence of the V12 engine or the various milling patterns on transmission cog wheels are exposed.
The physical component of the Space Key is a piece made of carbon fiber composite. It was shipped to the International Space Station in 2019 for research purposes. It's shaped into five physical objects referred to as "space keys" and is connected to the digital artworks by a QR code printed on the back. The digital artwork is the creation of renowned artist Fabian Oefner, and it depicts a Lamborghini Ultimae floating above a photo of Earth.
The first auction for the art that is space-themed will be held at the Lunar New Year on the 1st of February. It will run for 75 hours and 50 minutes, which is the same duration it took Apollo 11 leave Earth and enter its orbit. Details about the auction and the artwork will be released in the coming weeks. As for the artwork itself it's an image of the Aventador which was constructed using thousands of photos.
It's 3D-printed carbon fiber
Lamborghini has used 3D printing in their cars and now they're taking it a step further with the launch of their latest NFT project. This is the first time that the company has used the technology in conjunction with an un-fungible token (NFT). The NFTs have a QR code linked to a digital piece of exclusive artwork. They are made from carbon fiber that was extracted from space. Five of these NFTs will be made and they'll be auctioned off in an auction.
The new NFTs will be built upon a piece of carbon fiber composite material that was shipped to the International Space Station in 2019 as part of an ongoing research project. After passing all the relevant tests the carbon fiber returned to Earth and became a crucial element of 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 created by an unknown artist.
NFTs are an innovative form of virtual currency that utilizes blockchain technology to prove ownership and track assets on the internet. They have many advantages including the ability to program, a limited supply, and an individual identifier. This makes them a great option for the sale and purchase of valuable objects like art or automobiles.
The company hasn't shared any details about the NFTs and has kept it under wraps to create excitement and buzz among its fans. Lamborghini's brand is already associated with luxury, and the new NFTs are sure to attract attention and increase prices. Lamborghini's cars come with outstanding warranty, despite their expensive price. The Huracan is covered by a warranty of three years with unlimited mileage for the engine.
It's an exclusive edition
Lamborghini's unique way of expressing luxury has been taken to the skies by an innovative non-fungible token known as the Space Key. It was created by a yet to be identified artist and is limited to five pieces. Each space key features an QR code that opens an exclusive digital art work NFT created by the artist who is not known. The art work is a collection of five images of an Aventador Ultimae breaking up into the sky, surrounded by a backdrop of earth's horizon.
The "Space Key" is the physical part of the NFT. It is made of carbon fiber pieces that Lamborghini has sent to the International Space Station in 2019 as part of a project to research. Each piece is equipped with an QR code engraved on it that links to a unique digital artwork. It is a non-fungible token that cannot be duplicated or sold to a different user.
NFTs are a kind of cryptographic asset that is stored on a distributed ledger. This enables them to be authenticated, secure and programmable on the internet. They can be used for many purposes, from proving the ownership of an item to tracking 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 will last exactly 75 hours and fifty minutes, which is the same length of time Apollo 11 took to leave Earth and enter into the orbit of the moon. The auction will take place on NFT PRO, an online platform for the purchase and sale of NFTs.