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Lamborghini Enters the World of Non-Fungible Tokens (NFTs)

Following a series of social media posts suggesting it, Italian supercar maker Lamborghini finally revealed its NFT (non fungible token) Project. Dubbed Space Key and developed in collaboration with an unknown artist, it is inspired by a piece advanced carbon fiber composite material that was shipped to the International Space Station for research purposes.

Created in collaboration with NFT PRO(tm)

Italian supercar maker Lamborghini is looking to dip its toes into the world of non-fungible tokens (NFTs). The new initiative - named the Space Key - is a work of art that was made by a collaboration with an unknown artist. The NFT is a unique piece of digital art that can be accessible via an QR code. The project is a limited edition and will be auctioned off in the next few weeks.

The Space Key is made from carbon fiber composite materials that Lamborghini took to the International Space Station in 2019 as part of research project. After it returned to Earth, the carbon fiber was transformed into this distinctive artwork. The physical object is inscribed with an NFT serial number, which is tied to the digital artwork with a QR code on the back.

For those not in the aware, NFTs are unique identifiers stored on a blockchain ledger and tied to an digital asset such as a photograph, video or music. This lets owners ensure the authenticity, scarcity, and the trackability of their tokens through the internet.

Working with NFT PRO, a white-label NFT solution for businesses, Lamborghini is taking this unique approach to art to the next level. In the coming weeks, Lamborghini will release details about this exciting project. This will include the names of the artists that are not known and a timeline for auction.

The physical component of Space Key

After a series of social media posts teasing something related to space, Italian supercar maker Lamborghini has entered the world of tokens that aren't fungible (NFT) with an exclusive project dubbed Space Key. The NFT was developed in collaboration with an unknown artist and will be auctioned off within a couple of weeks. It is a piece of high-tech carbon fiber composite material that was shipped to the International Space Station (ISS) in the year 2019 as part of an investigation project. The carbon fiber has been 3D printed to form the base of each Space Key, which is linked with an exclusive, digital design using a QR code on the back of the key. Only five Space Keys were produced.

NFTs are unique identifiers that can be stored on distributed ledgers, such as the Blockchain and tied to a digital asset like pictures. They're all the rage among those with more money than sanity and it was only a matter time before an automaker decided to capitalize on the trend.

Space Key consists of five units. The components were built using a physical piece of carbon fiber composite that was sent to the ISS in 2019. Each NFT will be connected to an exclusive digital artwork created by the same artist using a QR code on the backside of the carbon fiber piece. In the coming weeks and days, more information will be revealed including the name and digital artwork of the artist and how to purchase one of the five Space Keys.

The digital artwork

After weeks of social media posts that hinted at it, luxury lambo car key maker Lamborghini finally announced its first initiative for non-fungible tokens (NFT). It's dubbed the Space Key, it consists of five physical items that unlock a unique digital artwork NFT by a yet-to-be-identified artist. The project was developed in collaboration with NFT PRO(tm) the collector's piece is limited to five units and will soon be auctioned off.

At the heart of each Space Key is a block of carbon fire composite material that was sent to the International Space Station in 2019 as part of a research project. After returning to Earth the block was inscribed with a QR codes that connect to the digital element of the Space Key.

Each of the five Space Keys features a different moment that takes place at different times as the Lamborghini Ultimae takes off towards the stars. More than 600 million pixels make each of the five images that were taken by photographer Fabian Oefner.

Oefner employed an inflatable camera fitted with lenses to capture the individual images, which were later assembled into the final photograph. The result is an amazing out of the world image that captures the beauty of Earth and the futuristic, hyper-realistic view of the car rising from it. The Space Keys will be auctioned off in the near future, but the exact date and location of the event hasn't been revealed yet.

The auction

Lamborghini the luxury automaker has entered the world of non-fungible tokens (NFTs) with the slogan "to the moon". The project was developed in collaboration with NFTPRO(tm). The Space Key is essentially an NFT that has carbon fiber composite material which actually was sent to the International Space Station in 2019 to conduct research. The actual sample has been transformed into five unique objects that connect to exclusive digital artworks by an unidentified artist through the QR code on their backs.

The auctions, which begin between February 1 through February 4, will last for 75 hours and 50 minutes, the same amount of time it took for Apollo 11 to leave Earth and enter the lunar orbit. By signing up online, you will be able to bid on five NFTs. Each will be sold in a separate auction and the winner will be awarded an artwork digitally made by renowned photographer Fabian Oefner, which captures the five different times the Space Key passed during its journey through space.

The full details of the Space petron key to lamborghini (jacobsen-crosby.blogbright.net) and its accompanying digital artworks will be revealed in the coming weeks, including the identity of the unknown artist as well as information on how to acquire these out-of-this-world creations. Follow Lamborghini on Instagram for all of the information you need!