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

After a string of social media posts that hinted at it, Italian supercar maker Lamborghini finally announced its NFT (non fungible token) Project. Space Key is being developed in collaboration with an unidentified artist, and based on cutting-edge carbon fiber composite materials that were shipped to the International Space Station as research material, is a project which was announced by Lamborghini.

In collaboration with NFT PRO(tm)

Italian supercar maker Lamborghini is looking to dip its toes into the world of non-fungible tokens (NFTs). The new project, called the Space Key, is a piece created by a lone artist. The NFT is an exclusive piece of digital art that is accessed through the use of a QR code. The project is limited to five pieces and will be auctioned off in the coming weeks.

The Space Key is made from carbon fiber composite materials that Lamborghini smuggled to the International Space Station in 2019 as part of an investigation project. The carbon fiber was then transformed into an original artwork when it returned to Earth. The physical component is imprinted with an NFT serial number, which is tied to the digital artwork with a QR code that is located on the back.

NFTs, for those who are not familiar are unique identifiers that are stored on an open ledger on the blockchain and connected to a digital asset such as a picture, video, song or any other type of record. This allows owners to ensure the authenticity, scarcity, and the trackability of their tokens through the internet.

Working with NFT PRO White-label NFT solution for companies, Lamborghini is taking this unique approach to art to a new level. In the coming weeks Lamborghini will release details about this exciting project including the name of the unidentified artist and a timetable for the auction.

The physical element of the Space Key

After numerous social media posts teasing something space-themed the Italian supercar maker lamborghini smart key introduced the world of non-fungible (NFT) tokens with an exclusive initiative dubbed Space Key. The NFT was created in collaboration with a mysterious artist and will be auctioned off in just a few weeks. Its base is composed of a high-tech carbon fibre composite material, which was delivered to the International Space Station in 2019 as part a research project. The carbon fiber was 3D printed to form the base of each Space Key, which is linked with an exclusive, purely digital artwork through a QR code on the back of the key. Only five Space Keys were produced.

NFTs are unique IDs that can be logged in distributed ledgers, like the Blockchain and linked to a digital asset such as images. They're a hot topic among those with more money than sanity It was just a matter time before an automaker decided to capitalize on the trend.

Space Key is made up of five units. It was designed by using a carbon fiber composite. It was delivered to the ISS in the year 2019. Each NFT will be linked with an exclusive digital artwork created by the same artist by using a QR code on the back of the carbon fiber element. More details will be released in the coming weeks and days, including the artist's name, the digital artwork and how to purchase one of the five Space Keys.

The digital artwork

After weeks of posts on social media that hint at it, luxury automobile manufacturer Lamborghini has finally announced its first non-fungible token (NFT) project. It's called the Space Key, it consists of five physical items that unlock a unique digital artwork NFT created by an artist yet to be identified. Created in collaboration with NFT PRO(tm), the "collector's item" is limited to only five units and will be auctioned off in the near future.

At the center of each Space Key is a block of advanced carbon fire composite material that was sent to the International Space Station in 2019 as part of a research program. After returning to Earth the space key was engraved with an QR code that connects it to the digital element of 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. Over 600 million pixels each of the five images, that were taken by photographer Fabian Oefner.

Oefner used a balloon equipped with a camera to take each of the individual shots that were then merged to create the final image. The result is an amazing out of the world image that captures the beauty of Earth and the futuristic, hyper-realistic look of the lambo Car Key rising away from it. The Space Keys will be auctioned off in the near future, however the exact date and time of the event haven't been confirmed yet.

The auction

With the slogan 'to the moon', the prestigious automobile maker Lamborghini has entered the world of non-fungible tokens (NFT) by launching a hypnotic project that was developed in collaboration with NFT PRO(tm). The Space Key Space Key is an NFT that contains composite carbon fiber material which was transported to the International Space Station for research purposes in 2019. The actual sample was shaped into five unique pieces that connect to exclusive digital art work created exclusively by an artist who is not yet revealed through the QR code.

The auctions, which will take place between February 1 through February 4, last for 75 hours and 50 minutes - the same amount of time it took for Apollo 11 to leave Earth and enter lunar orbit. The five NFTs can be purchased by registering online. Each NFT will be sold individually and the winner will receive a digital artwork by renowned photographer Fabian Oefner that captures five different moments that the Space Key experienced during its space voyage.

More details about the Space Key and its accompanying digital artworks will be announced in the coming weeks including the identity of the unknown artist, as well as details on how to acquire these out-of-this-world creations. Follow Lamborghini on Instagram for all of the details you require!