Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini has entered the realm of non-fungible tokens (NFTs) with a concept that is out of the norm. They have teamed up with an yet-to-be-named artist to create a tangible item - called the Space Key - that is connected to digital artwork using QR codes.
This partnership is a proof that the most affluent car buyers are spending money even in the face of global financial uncertainty. Lamborghini's hybrid model Revuelto is a proof.
It's an un-fungible token
The non-fungible token (NFT) trend is spreading across the gaming world but even premium car makers are getting in on the action. Luxury car manufacturer Lamborghini has revealed its first NFT project - a set of five space-themed digital artworks connected to a physical object dubbed the Space Key. The tokens are based off an advanced carbon fiber composite material, which was sent to the International Space Station in 2019 as part of a joint research project.
NFTs are unique identification codes that are stored on a distributed ledger referred to as Blockchain and linked to digital assets like music or images. They are unique, which allows their owners to guarantee authenticity of the asset and to ensure its scarcity. They can also be programmed and trackable via the internet. Lamborghini has chosen NFT PRO as a white-label NFT specialist to develop its new project.
Lamborghini will also auction off five Space Keys via auction in addition to the artwork themed around space. The NFTs are coupled with tangible items that have been found in space, which will increase their value as the popularity of NFTs continues to grow. Nike, Samsung, and Reddit have already teamed up with NFTs, and Twitter recently added a way users can display their most loved NFTs on their profile photo using Hexa-shaped frames.
The Space Time Memory NFTs are being auctioned online The price for each is a bit of an unanswered question at the moment. The brand has promised to provide more information in the coming weeks and days including the name of the artist behind the Space Key and digital artwork and the auction house and the date and time of the auction.
It's an artwork
Lamborghini has developed a collection of non-fungible tokens (NFTs) that is out of this planet. Lamborghini has teamed with Swiss artist Fabian Oefner to develop a series of digital artworks which connect to physical objects. They are referred to as "Space Key." Each NFT has more than 600 million pixels and when you zoom in some of the details that are hidden, such as the firing order of the V12 engine or the various milling patterns on the wheels of transmission are made visible.
The physical part 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 cut into five items that are referred to "space keys" and is linked to the digital artworks by a QR code printed on the back. The digital artwork was created by famous artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photograph of Earth.
The first auction for the art inspired by space will take place during the Lunar New Year on the 1st of February. The auction will last for 75 hours and 50 mins which is the exact time it took Apollo 11 leave Earth and enter orbit. Details about the artwork and the auction will be revealed in the coming weeks. In terms of the artwork it's an expanded view of the Aventador that was created from a variety of photographs.
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 with the introduction of their latest NFT project. It's the first time using the technology to create an unfungible token (NFT). The NFTs are based on carbon fiber from space and are accompanied by an exclusive QR code that links to an exclusive piece of digital artwork. These NFTs are limited to five and will be sold at auction.
The new NFTs will be built on an advanced 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 major element of the Space Key NFT project. Each of the five Space Keys will be linked to a piece of digital art created by an unknown artist through the carbon fiber QR code that is on their back.
NFTs are a brand new 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 a great solution for the sale of valuable items such as cars and art.
The company has released very little details regarding the NFTs, and is keeping things a mystery to create excitement and buzz among its fans. Lamborghini's brand is already associated with extravagance, so the NFTs will be sure to attract attention and increase prices. Lamborghini's cars come with excellent warranty, despite their pricey 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 with an innovative non-fungible token known as the Space Key. It was developed in collaboration with an unknown artist and is limited only to five pieces. Each space key comes with a QR code that opens the digital artwork of an unknown artist. The artwork consists of five images that depict an Aventador Ultimae bursting into the sky against the backdrop of the horizon of Earth.
The NFT's physical component, the "Space Key" is composed of carbon fiber that Lamborghini delivered to the International Space Station as part of a research project that began in 2019. Each piece is engraved with a QR code that connects to an exclusive digital artwork. It is a non fungible token that cannot be duplicated or sold.
NFTs are cryptographic assets that are stored on the internet as a distributed database. lamborghini key holder allows them to be verified and secured through the internet. They can be used to serve a variety of purposes, from proving the ownership of an item to monitoring assets. They can also be used to create collectibles as well as games.
The first Lamborghini Space Key Auction will be held on the 1st of February and will last 75 hours and fifty minutes, which is the exact amount 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 purchasing and trading NFTs.