Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is stepping into the world of non-fungible tokens with an idea that is so far off this world that it's difficult to believe. They have teamed up with an yet-unknown artist to create a physical item - called the Space Key - that is linked to digital artwork via a QR code.
This collaboration is a sign that the wealthy car buyers are still spending money, even in the face of global financial uncertainty. The quick sellout of Lamborghini's new hybrid model Revuelto Revuelto is a an example of this.
It's a non-fungible token
The non-fungible token (NFT) craze is sweeping the gaming world but even premium car makers are joining in the action. Lamborghini, a luxury car maker, has announced its first NFT project which is a collection of five digital art pieces based on space that are linked to a physical object called the Space Key. The tokens were created using a piece of advanced carbon fiber composite material that was shipped to the International Space Station in 2019 to conduct a joint research.
NFTs are unique digital identifiers stored on a distributed database known as Blockchain. They can be tied to any digital asset such as music or images. They are one-of-a-kind, allowing their owners to guarantee authenticity of the asset and to ensure its scarcity. They are also programmable and trackable over the internet. Lamborghini decided to use NFT PRO as a white-label NFT specialist for its new project.
Lamborghini will also sell five Space Keys via auction in addition to the artwork themed around space. The NFTs are joined by tangible items that have been discovered in space, which will increase their value as the trend of NFTs continues to expand. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability for users to display their favourite NFTs in their profile images by using hexa shaped frames.
The Space Time Memory NFTs will be offered through an online auction. As of now the cost of each NFT remains unconfirmed. The brand has promised that it will share more information in the coming days and weeks, 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 from the space age to create a non-fungible token (NFT) collection that's beyond. Lamborghini has teamed up with Swiss artist Fabian Oefner in order to create a collection of digital art works that link to physical items, called "Space Key". Each NFT is comprised of over 600 million pixels. And when you zoom, hidden details are revealed, like 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 of carbon fiber composite that was sent to International Space Station in 2019 to conduct research. The Space Key is cut into five physical objects referred to as "space key" and is linked to the digital art using a QR-code printed on the back. The digital art is the work of the renowned artist Fabian Oefner, and it depicts a Lamborghini Ultimae floating above a photo of Earth.
The first auction for the art inspired by space will take place during the Lunar New Year on the 1st of February. It will last 75 hours and 50 minutes that's the same time it took to see Apollo 11 leave Earth and enter its orbit. Details about the auction as well as the artwork will be released in the coming weeks. For the artwork itself it's an image of the Aventador that was constructed using thousands of photos.
It's a carbon fiber that has been 3D printed.
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. It's the first time using the technology with the non-fungible token (NFT). The NFTs are based on carbon fiber from space and are accompanied by an individual QR code that links to an exclusive piece of digital artwork. These NFTs are limited to 5 and will be auctioned off.
The new NFTs are built on a piece of advanced carbon fiber composite that was sent to the International Space Station as part of a research program in 2019. After passing all relevant tests the carbon fiber returned to Earth and became a crucial component of the Space Key NFT project. The carbon fiber QR codes on the back of each Space Key connect it to a piece of digital art created by an unidentified artist.
lamborghini aventador car key The Key Lab are a fresh type of virtual currency that utilizes blockchain technology to prove ownership and track assets on the internet. They offer many benefits that include scarcity, programmability and the ability to identify themselves as unique. This makes them a great solution for the sale and purchase of valuable objects like art or automobiles.
The company has released only a little details about the NFTs, and is keeping things mysterious to create excitement and buzz among its fans. Lamborghini's brand is already synonymous with luxury, and the new NFTs are certain to attract attention and increase prices. Lamborghini's vehicles come with a outstanding warranty, despite their expensive cost. The Huracan is covered by a three-year warranty with unlimited mileage for the powertrain.
It's limited edition
Lamborghini's unique method of luxury has been taken to the skies by the launch of a brand new non-fungible token known as the Space Key. It was developed in collaboration with an unidentified artist and is limited only to five pieces. Each space key contains the QR code, which opens a digital artwork created by an unknown artist. The artwork consists of five images depicting an Aventador Ultimae bursting into the sky against the background of the Earth's horizon.
The physical part of the NFT, the "Space Key" is constructed of carbon fibers that Lamborghini delivered to the International Space Station as part of an ongoing research project in 2019. Each piece has a QR code engraved on it that links to an original digital artwork. It is a non-fungible token that cannot be duplicated or sold.
NFTs are a form of cryptographic asset that is logged on a distributed ledger. This enables them to be authenticated, secured and programmable on the internet. They are able to be used for various purposes, ranging from proving ownership of an item to tracking assets. They can be used to make collectibles and games.
The first Lamborghini Space Key Auction will be held on the 1st of February and will last for 75 hours and fifty minutes, the same amount of time that Apollo 11 took to leave Earth and enter into the orbit of the moon. The auction will take place on NFT PRO, a web-based platform that allows you to buy and sell NFTs.