Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is entering the world of non-fungible tokens through an idea so far off this planet that it's hard to believe. They have joined forces 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 the most affluent car buyers continue to spend money, even in the midst of global financial uncertainty. The quick sales of Lamborghini's latest hybrid model, the Revuelto is a an example of this.
It's an un-fungible token
The non-fungible token (NFT) trend has taken over the world of gaming but now even high-end automakers are joining the fun. Lamborghini, a luxury automobile maker, has revealed its first NFT project that includes five digital artworks themed around space that are linked to a physical item called the Space Key. The tokens were created out of a carbon fiber composite that was delivered to International Space Station for a joint project in 2019.
NFTs are unique digital identifiers stored on a distributed database, known as Blockchain. They can be linked to any digital asset such as music or images. They are unique, which allows their owners to ensure authenticity of their assets and the scarcity of them. They are also programmable and trackable over the internet. This is the reason why Lamborghini chose to partner with white-label NFT specialist NFT PRO for its latest project.
In addition to the space-themed artwork, Lamborghini is offering five Space Keys that will be auctioned off. The NFTs are paired with tangible items that have been in space, which will boost their value as the trend of NFTs continues to grow. Nike, Samsung, and Reddit have already joined forces with NFTs and Twitter recently added a method for users to show off their top NFTs on their profile photo using hexa-shaped frames.
The Space Time Memory NFTs will be offered via an auction on the internet. At present, the price of each NFT remains a bit mysterious. The company has stated that it will release more information in the coming weeks and days, including the name of the artist behind the Space Key, digital artwork and the auction house.
It's a work of art
Lamborghini is merging its love for art and technology of the future to create an un-fungible token (NFT) collection that's completely out of the norm. Lamborghini has teamed up with Swiss artist Fabian Oefner to develop a series of digital artworks that connect to physical objects, dubbed "Space Key." Each NFT is comprised of more than 600 million pixels and as you zoom in, some of the details that are hidden, such as the firing sequence of the V12 engine or the milling patterns on transmission cog wheels are made visible.
The physical component of the Space Key is a piece made of carbon-fiber composite material that was shipped to the International Space Station for research purposes in 2019. The Space Key has been fashioned into five physical objects called "space key" and is linked to the digital art by a QR-code printed on the back. The digital artwork is by famous artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photograph of Earth.
The first auction for artwork that is themed to space will take place at the Lunar New Year on the 1st of February. It will run for 75 hours and 50 minutes that's the same time it took to see Apollo 11 leave Earth and enter orbit. The auction's details and the artwork will be announced in the coming weeks. The artwork is an exploded view constructed from thousands of photographs of the Aventador.
It's a carbon fiber 3D-printed
Lamborghini has long been using 3D printing in their vehicles and now they're taking it one step further by launching of their latest NFT project. It's the first time using the technology with an unfungible token (NFT). The NFTs have a QR code that is linked to a digital image of exclusive artwork. They are made of carbon fiber sourced from space. These NFTs are limited to 5 and will be sold at auction.
The new NFTs are based on a piece advanced carbon fiber composite that was sent to the International Space Station as part of a research project in 2019. After passing all tests, the carbon fibre was returned to Earth as a major component in the Space Key NFT Project. Each of the five Space Keys will be linked to a piece of digital artwork by an unknown artist via the carbon fiber QR code that is on their back.
NFTs is a revolutionary virtual currency that utilizes blockchain technology to track assets and prove ownership on the internet. They have many benefits, including scarcity, programmability and an unique identifier. This makes them an ideal option for the sale of important items such as cars and art.
petron key to lamborghini has only released a few information 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 prices. Lamborghini's cars come with excellent warranty, despite their pricey cost. The Huracan is protected by a three-year guarantee with unlimited mileage for the engine.
It's a limited edition
Lamborghini's unique style of luxury has been taken to the skies by a new non fungible token called the Space Key. It was created in collaboration with an unknown artist and is limited only to five pieces. Each space key contains the QR code, which opens a digital artwork created by an unidentified artist. The art work is a series of five images of an Aventador Ultimae breaking up into the sky, surrounded by an earth's horizon.
The physical NFT component"Space Key," also known as the "Space Key" is made of carbon fiber that Lamborghini sent to the International Space Station as part of an investigation project in the year 2019. Each piece is engraved with a QR code that opens a one-of-a-kind digital artwork. It's a non-transferable token that can't be replicated or sold to another.
NFTs are cryptographic asset that is recorded on an open ledger. This enables them to be authenticated, secured and programmable on the internet. They are able to be used for various reasons, from proving ownership of an item to monitoring assets. They can also be used to make collectibles and games.
The first Lamborghini Space Key Auction will take place on 1 February and will last for 75 hours and fifty minutes, which is the same amount of time that Apollo 11 took to leave Earth and enter the orbit of the moon. The auction will take place on NFT PRO, an online platform for the purchase and sale of NFTs.