Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is about to enter 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 up with an unidentified artist to create the Space Key, a physical object that can be linked to digital art via QR code.
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It's a non-fungible token
The non-fungible token (NFT) craze is sweeping the gaming world, but even high-end carmakers are joining in the action. Luxury car manufacturer Lamborghini has unveiled its very first NFT project - a collection of five digital artifacts that are space-themed that are connected to a physical object known as the Space Key. The tokens are based off a piece of carbon fiber composite material that was delivered to the International Space Station in 2019 as part of a joint research program.
NFTs are unique identifiers recorded on a distributed ledger referred to as Blockchain and tied to digital assets such as music or pictures. They are unique, which allows owners to prove the authenticity and security of their assets. They can also be monitored and programmed via the internet. This is why Lamborghini chose to partner with white-label NFT specialist NFT PRO for its upcoming project.
Lamborghini will also sell five Space Keys via auction in addition to the artwork centered around space. The NFTs are joined by tangible items that have been in space, which will boost their value as the NFT craze continues to expand. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability to display their favourite NFTs on their profile photos 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 unanswered question at the moment. The company has stated that it will provide more details in the coming weeks and days, including the name and artist behind the Space Key, digital artwork and the auction house.
It's an art piece
Lamborghini has created a series of non-fungible tokens (NFTs) that are not part of the world. Lamborghini has joined forces with Swiss artist Fabian Oefner to develop a series of digital art works which connect to physical objects, dubbed "Space Key." Each NFT has more than 600 million pixels and when you zoom in, obscure details like the firing sequence of the V12 engine or the milling patterns on transmission cog wheels 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. It's cut into five physical items called "space keys" and is linked to the digital art work via a QR code printed on the back. The digital artwork is the creation of the renowned artist Fabian Oefner, and it depicts a Lamborghini Ultimae floating above a photo of Earth.
The first auction of the artwork based on space will be held on February 1, the start of the Lunar New Year, and it will last for 75 hours and 50 minutes, which is the exact amount of time it took Apollo 11 to leave Earth and enter the moon's orbit. The details about the artwork as well as the auction will be revealed over the next few weeks. The artwork is an exploded view created from thousands of images of the Aventador.
It's 3D-printed carbon fibre
Lamborghini uses 3D printing for their cars and is now taking it one step further and launching their latest NFT. This is the company's first time using the technology to create a non fungible token (NFT). The NFTs have a QR code linked to a digital piece of exclusive artwork. They are made from carbon fiber sourced from space. These NFTs are limited to 5 and will be auctioned off.
The new NFTs will be built upon a piece of carbon fiber composite material that was shipped to the International Space Station in 2019 as part of an investigation project. After passing all relevant tests the carbon fiber was returned to Earth and became a key element of the Space Key NFT project. The carbon fiber QR codes on the back of each Space Key connect it with a piece of digital artwork created by an unidentified artist.
NFTs are a brand new type of virtual currency that utilizes blockchain technology to verify ownership and track assets on the internet. They have many advantages including availability, programability, and an identifier that is unique. This makes them a great solution for the sale of valuable objects like cars and art.
The company has released very little details about the NFTs, and is keeping the details under wraps to generate buzz and excitement among fans. Lamborghini is well-known for its extravagance. The new NFTs are sure to draw attention and increase prices. Even with the high price, Lamborghini offers an excellent warranty on its vehicles. The Huracan is covered by a warranty of three years with unlimited mileage for the engine.
It's a limited edition
Lamborghini has introduced its unique style of luxury to the skies by introducing a new non-fungible token (NFT) called the Space Key. It was developed in collaboration with a yet-unknown artist and is limited to five pieces. Each space key has the QR code, which opens an artwork digitally created by an unidentified artist. The artwork is comprised of five images that depict an Aventador Ultimae bursting into the sky against a backdrop of the horizon of Earth.
The physical component of the NFT, the "Space Key," is made of carbon fiber pieces that Lamborghini sent to the International Space Station as part of a research project that began in 2019. Each piece is decorated with an QR code that opens an original digital artwork. It's a non-fungible token that can't be replicated or sold to another.
NFTs are cryptographic asset that is stored on an open ledger. This enables them to be authenticated, secure and programmable over the internet. They can be used for a variety of uses, from the verification of ownership of an object to tracking the movement of assets. They can also be used to design games and collectibles.
The first Lamborghini Space Key auction will be held on February 1 and will last for a total of 75 hours and 50 minutes, the same time it took Apollo 11 to leave Earth and enter the moon's orbit. The auction will take place on NFT PRO, an online platform for buying and selling NFTs.