Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini has entered the realm of non-fungible tokens (NFTs) with a project that is truly out of the ordinary. They have teamed up with an unknown artist to create the Space Key, a physical item that is connected to digital art through a QR code.
This collaboration proves that wealthy car buyers still spend money regardless of the global financial crisis. Lamborghini's hybrid model Revuelto is a proof.
It's an un-fungible token
The non-fungible token (NFT) craze has swept the world of gaming, however, now even premium automakers are joining in on the fun. Lamborghini, a luxury automobile maker, has revealed its first NFT project that includes five digital artworks themed around space, which are connected to a physical item called the Space Key. The tokens are based off a piece of 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 called Blockchain and linked to digital assets such as music or pictures. They are unique, which allows owners to guarantee the authenticity and value of their assets. They can also be programmed and trackable on the internet. This is the reason Lamborghini chose to partner with white-label NFT specialist NFT PRO for its new project.
Lamborghini will also offer five Space Keys via auction in addition to artwork that is themed around space. The NFTs will be paired with tangible objects that have been transported exposed to space, which will increase their value as the craze for NFTs continues to increase. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability for users to display their favorite NFTs in their profile pictures by using hexa shaped frames.
The Space Time Memory NFTs will be offered through an online auction. For now, the price of each NFT remains unconfirmed. The company has promised to provide more details in the coming days and weeks including the name of the artist behind the Space Key and digital artwork as well as the auction house and the date and time of the auction.
It's an art piece
Lamborghini has developed a collection of non-fungible tokens (NFTs) that are out of this world. Lamborghini has teamed up with Swiss artist Fabian Oefner to develop a series of digital artworks which connect to physical objects, dubbed "Space Key." Each NFT is comprised of more than 600 million pixels, and when you zoom in, hidden details such as the firing sequence of the V12 engine or different milling patterns on the cog wheels of transmission are exposed.
The Space Key's physical component is a piece made of carbon fiber composite. It was shipped to the International Space Station in 2019 for research purposes. The Space Key is cut into five physical objects known as "space key" and is linked to the digital artwork by a QR-code on the back. The digital artwork is by renowned artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photograph 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 run for 75 hours and 50 mins which is the exact duration it took Apollo 11 leave Earth and begin its journey to orbit. Details on the auction and the artwork will be revealed in the coming weeks. The artwork itself, it consists of an expanded view of the Aventador which was constructed from a variety of photographs.
It's 3D-printed carbon fibre
Lamborghini makes use of 3D printing for their cars and now they're taking it one step further by launching their latest NFT. This is the company's first time making use of the technology using a non fungible token (NFT). The NFTs are built on carbon fiber from space and come with a unique QR code that links to an exclusive digital artwork. These NFTs are limited to 5 and will be auctioned off.
The new NFTs will be constructed from an carbon fiber composite material that was sent to the International Space Station in 2019 as part of an investigation project. After passing all the relevant tests the carbon fiber returned to Earth and became a key component of the Space Key NFT project. Each of the five Space Keys will be linked to a digital artwork created by an unknown artist through the carbon fiber QR code found on their back.
NFTs is the newest virtual currency that uses the blockchain technology to track assets and verify ownership through the internet. They have many advantages including scarcity, programability, and an identifier unique to each. This makes them an excellent option for the sale and purchase of expensive items such as art or automobiles.
The company has only released a few details about the NFTs and is keeping things mysterious to create excitement and buzz among its fans. Lamborghini is well-known for its extravagance. The new NFTs are sure to draw attention and will increase prices. Lamborghini's cars come with a excellent warranty, despite their pricey cost. The Huracan is covered by a three-year warranty with unlimited mileage for the engine.
It's 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 developed in collaboration with a nebulous artist and is limited to five pieces. lamborghini revuelto key has a QR code which unlocks an original digital art work created by an unidentified artist. The artwork is a collection of five photos that show an Aventador Ultimae bursting into the sky against the backdrop of Earth's horizon.
The "Space Key" is the physical component of the NFT. It's constructed of carbon fiber pieces that Lamborghini has sent to the International Space Station in 2019 as part of a project to research. Each piece has a QR code engraved on it that links to a digital illustration of the original. It's a non-transferable item that can't be replicated or sold to another user.
NFTs are digital asset that is recorded on a distributed ledger. This enables them to be authenticated, secured and programable over the internet. They can be used to serve a variety of purposes, from proving the ownership of an item to keeping track of assets. They can also be used for the creation of games and collectibles.
The first Lamborghini Space Key Auction will take place on 1 February and will last for 75 hours and fifty minutes, which is the exact duration that Apollo 11 took to leave Earth and enter into the moon's orbit. The auction will take place on NFT PRO, an online platform for selling and buying NFTs.