Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is entering the realm of non-fungible tokens with a project so out of the realm of possibility that it's hard to believe. They have partnered with a yet unidentified artist to create a physical object - called the Space Key - that is linked to digital artwork via the QR code.
This collaboration is a signal that the wealthy car buyers continue to spend money, even in the midst of global financial uncertainty. The quick sale of Lamborghini's brand new hybrid model called the Revuelto is a evidence of this.
It's an un-fungible token
The non-fungible token (NFT) trend is sweeping the gaming world however, even top car manufacturers are joining in the action. Lamborghini is a glitzy car manufacturer, has revealed its first NFT project that includes five digital artworks that are themed around space that are tied to a physical object known as the Space Key. The tokens are made from a piece of carbon fiber composite material that was delivered to the International Space Station in 2019 as part of a joint research project.
NFTs are unique digital identifiers stored on a distributed database, known as Blockchain. They can be tied to any digital asset such as images or music. They are unique, which allows their owners to guarantee authenticity and scarcity of assets. They are also programmable and trackable on the internet. Lamborghini chose NFT PRO as a white-label NFT specialist for its latest project.
Lamborghini will also sell five Space Keys via auction in addition to the artwork centered around space. The NFTs will be paired with tangible objects that have been sent taken to space, which may increase their value over time as the craze for NFTs continues to increase. 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 picture by using hexa-shaped frames.
The Space Time Memory NFTs are sold through an online auction and the price of each is a bit of an unknown at the moment. The company has said 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 an art piece
Lamborghini is combing its love of art and technology of the future to create a non-fungible token (NFT) collection that's out of this world. Lamborghini has teamed with Swiss artist Fabian Oefner to develop a series of digital artworks that link to physical objects, called "Space Key." Each NFT has more than 600 million pixels and when you zoom in hidden details such as the firing sequence of the V12 engine or the milling patterns on the wheels of transmission are revealed.
The Space Key's physical component is a piece of carbon fiber composite that was sent to International Space Station in 2019 for research purposes. The Space Key is formed into five physical objects known as "space key" and is linked to the digital art by an QR-code on its back. The digital artwork is created by renowned artist Fabian Oefner and shows a Lamborghini Ultimae hovering 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 last 75 hours and 50 mins which is the exact duration it took Apollo 11 leave Earth and enter its orbit. Details on the artwork and the auction will be released in the coming weeks. As for the artwork itself, it consists of an image of the Aventador that was constructed using thousands of photos.
It's 3D printed carbon fibre
Lamborghini has long been using 3D printing in their vehicles and now they're taking it an step further with the announcement of their latest NFT project. It's the first time using the technology in a non fungible token (NFT). lamborghini key programming include a QR code linked to a digital piece of exclusive artwork. They are made of carbon fiber sourced from space. Five of these NFTs will be made and they'll be sold in an auction.
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 2019 research project. 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 art created by an unknown artist using the carbon fiber QR code that is on their back.
NFTs is a brand new virtual currency that utilizes blockchain technology to track assets and prove ownership on the internet. They offer many benefits including their scarcity, programability, as well as an individual identifier. This makes them a great solution for the sale or purchase of valuable items such as art or cars.
The company has released very little details about the NFTs and is keeping the details under wraps to create excitement and buzz among its fans. Lamborghini is well-known for its extravagance. The new NFTs will definitely draw attention and will increase prices. Lamborghini's vehicles come with a an excellent warranty despite their costly cost. The Huracan is a prime example. It is covered for three years with unlimited miles for powertrain and bumper-to-bumper warranties.
It's limited edition
Lamborghini's unique approach to luxury has been elevated to the skies with the creation of a new, non-fungible currency known as the Space Key. It was created by a yet to be identified artist and is limited to five pieces. Each space key is a QR code which unlocks the digital artwork of an unknown artist. The artwork is a collection of five images showing an Aventador Ultimae bursting into the sky against a background of the Earth's horizon.
The "Space Key" is the physical component of the NFT. It's made of carbon fiber pieces that Lamborghini has delivered to the International Space Station in 2019 as part of a research project. research. Each piece has an QR code engraved on it that links to an original digital artwork. It's a non-transferable token that can't be replicated or sold to another user.
NFTs are a type of cryptographic asset that is recorded on an open ledger. This enables them to be authenticated, secure and programable over the internet. They are utilized for a variety reasons, ranging from proving ownership of an object to tracking the movement of assets. They can also be used to make games and collectibles.
The first Lamborghini Space Key auction will take place on February 1 and will last for a total of 75 hours and 50 minutes, which is the same time it took for Apollo 11 to leave Earth and enter the moon's orbit. The auction will be held on NFT PRO which is a platform for buying and trading NFTs.