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

After a number of social media posts hinting at it, Italian supercar-maker lamborghini key fob has finally announced its first NFT (non-fungible token) project. Dubbed Space Key and developed in collaboration with an unknown artist It is based on a piece of advanced carbon fiber composite material that was delivered to the International Space Station for research purposes.

In collaboration with NFT PRO(tm).

Italian supercar maker Lamborghini is taking a dive into the world of non-fungible tokens (NFTs). The latest project - dubbed the Space Key - is a piece of art created in collaboration with an artist who is not known. The unique NFT is a physical object that links to exclusive digital artwork accessible through an QR code on the back. The project is limited to five pieces and will be auctioned in the coming weeks.

The Space Key is made from a carbon fiber composite material that Lamborghini took to the International Space Station in 2019 as part of an experiment. The carbon fiber was then transformed into a unique art work after it returned to Earth. The physical object is inscribed with an NFT serial number that ties to the digital artwork using QR codes on the back.

For those who don't know, NFTs are unique identifiers that are recorded on a distributed blockchain ledger that is linked to an digital asset such as a picture, video or any other recording. This allows owners to ensure authenticity and scarcity as well as trackability of their tokens on the internet.

Lamborghini is taking this unique approach to art a step further by collaborating with NFT PRO - an all-white label NFT solution for business. In the coming months, Lamborghini will announce details about this exciting project. This includes the names of the artists that are not known as well as a timeline for auction.

The physical component of Space Key

After a series of social media posts teasing something that was space-related, Italian supercar maker Lamborghini has entered the world of non-fungible tokens (NFT) with an exclusive project dubbed Space Key. Developed in collaboration with an unidentified artist the NFT is a sought-after item that will be auctioned off in just a few weeks. The NFT is a piece of advanced carbon fiber composite material that was shipped to the International Space Station (ISS) in 2019 as part of a research project. The carbon fiber has been 3D printed to create the base of each Space Key, which is connected to an exclusive, digital design using a QR code on its backside. Only five Space Keys were produced.

NFTs are unique identifications that can be recorded in distributed ledgers, like the Blockchain, and connected to digital assets such as images. It's a hot subject among people who have more money than they have common sense. So it was only an issue of time before automakers decided to cash in.

Space Key consists of five units. They were constructed with a physical part of carbon fiber composite which was delivered to the ISS in 2019. Each NFT will be linked to an exclusive digital artwork created by the same artist through QR codes on the backside of the carbon fiber component. In the coming weeks and days, more details will be revealed, including the name and digital artwork of the artist as well as how to purchase one of the five Space Keys.

The digital artwork

After weeks of social media posts hints, luxury car maker Lamborghini finally announced its first project involving tokens that are non-fungible (NFT). The Space Key is a collection of five physical objects that will unlock a special digital art by the yet to be identified artist. The collectors' item was developed in collaboration with NFTPRO(tm) and is limited to just five units. It is scheduled to be auctioned in the near future.

The core of each Space Key is a block made of a high-tech carbon fire composite material, which was sent to the International Space Station in 2019 as part of a research program. After returning to Earth, the block was engraved with QR codes that link to the digital element in the Space Key.

Each of the five Space Keys will feature a distinct moment that occurs only seconds apart as the Lamborghini Ultimae lifts off toward the stars. Each of the five images was captured by photographer Fabian Oefner and contains over 600 million pixels.

Oefner utilized a balloon with a camera, which took each of the individual shots which were then merged into the final image. The result is a photograph that is completely out of the world. It captures the beauty of Earth and the futuristic, hyperrealistic view of a car rising from the Earth. The Space Keys will be auctioned off in the near future, however the exact date and location of the auction hasn't been revealed yet.

The auction

Lamborghini the premium automaker has entered the world of non-fungible tokens (NFTs) with the slogan "to the moon". The project was created in collaboration with NFTPRO(tm). The Space petron Key to lamborghini is essentially an NFT that contains carbon fiber composite material that actually traveled 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 undisclosed artist via the QR code that is on their backs.

The auctions, which will be held between February 1 until February 4, last for 75 hours and 50 minutes - the same time it took for Apollo 11 to leave Earth and enter the lunar orbit. By registering online, you can bid on the five NFTs. Each NFT will be auctioned off separately and the winner will be awarded an original digital artwork created by world-renowned photographer Fabian Oefner that captures five different moments that the Space Key experienced during its flight through space.

In the coming weeks, we'll unveil all the details about the Space Key as well as the digital artworks that go with it. This includes the identity of the elusive creator and how to purchase these incredible creations. Follow Lamborghini's Instagram for all the info you require!