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

After a string of social media posts suggesting it, Italian supercar maker Lamborghini finally announced its NFT (non fungible token) Project. Dubbed Space Key and developed in collaboration with an unknown artist and 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)

Lamborghini, the Italian car manufacturer is taking the first step towards the world of non-fungible tokens (NFTs). The latest project - dubbed the Space Key - is a piece of art that was created in collaboration with an unidentified artist. The NFT is a unique piece of digital art that is accessable via 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 which Lamborghini shipped to the International Space Station in 2019 as part of an experiment. The carbon fiber was then crafted into a unique artwork after it returned to Earth. The physical element is inscribed with an NFT serial number that ties to the corresponding digital artwork by using a QR code that is located on the back.

NFTs for those who aren't familiar are unique identifiers that are stored on a distributed ledger of the blockchain and linked to an digital asset, such as a photo or video, song, or other record. This allows owners to ensure authenticity and traceability of their tokens on the internet.

Working with NFT PRO, a white-label NFT solution for companies, Lamborghini is taking this unique approach to art to a new level. Over the next few weeks the company will be sharing details about this exciting project including the name of the unknown artist, as well as the timeline for the auction.

The physical component of Space Key

After multiple social media posts that teased something that was space-related, the Italian supercar maker Lamborghini launched its non-fungible (NFT) tokens through an exclusive project named Space Key. It was developed in collaboration with an unidentified artist The NFT is a sought-after item that will be auctioned off in just a couple of weeks. Its underlying structure is made of advanced carbon fibre composite material, which was shipped to the International Space Station in 2019 as part of a research project. Carbon fiber was 3D printed for the base of each Space Key. Each Space Key is connected to a unique, digital artwork using an QR code. Only five Space Keys were produced.

NFTs are unique identifiers that can be recorded on distributed ledgers such as the Blockchain and linked to digital assets like pictures. It's a hot topic among people who have more money than they have common sense. So it was only an issue of time before automakers decided to take advantage of.

Space Key consists of five units. It was constructed with a physical part of the carbon fiber composite that was sent to the ISS in the year 2019. Each NFT is linked to an exclusive digital artwork created by the same artist using an QR code that is located on the back of the carbon fiber piece. In the coming weeks and days, more details will be revealed, including the name and digital artwork of the artist and how to purchase one of the five Space lambo keys.

The digital artwork

After weeks of social-media posts hinting it, luxury automobile maker Lamborghini aventador svj key finally announced its first project for tokens that are non-fungible (NFT). The Space Key is a collection of five items that unlocks a unique digital artwork by a yet to be identified artist. The project was developed in collaboration with NFT PRO(tm) the collector's piece is limited to five units and will soon be auctioned off.

Each Space Key contains a block made of advanced carbon-fire composite material. It was shipped to the International Space Station as part of a research project in 2019. After returning to Earth it was stamped with an QR code that connects it to the digital component of the Space Key.

Each of the five Space Keys features a different moment that occurs at different times when the Lamborghini Ultimae takes off towards the stars. Each of the five images was filmed by photographer Fabian Oefner and contains over 600 million pixels.

Oefner used a balloon equipped with a camera, which took each of the individual shots which were later merged into the final image. The result is an amazing out of the world image that captures the beauty of the Earth as well as the futuristic, hyper-realistic view of the car rising away from it. The Space Keys will be auctioned off in the near future, however the exact date and location of the event haven't been set yet.

The auction

With the tagline 'to the moon', the prestigious automobile manufacturer lamborghini car keys has entered the realm of non-fungible tokens (NFT) with a mesmerizing project that was developed in collaboration with NFT PRO(tm). The Space Key is essentially an NFT that is made up of carbon fiber composite material, which went to the International Space Station in 2019 to conduct research. The physical sample has now been transformed into five unique items that each link to exclusive digital artworks created by an undisclosed artist via the QR code printed on their backs.

The auctions are scheduled to take place from February 1 through February 4. They will last 75 hours and 50 minutes, which is the amount of time it took Apollo 11 for him to leave Earth and enter the Lunar orbit. The five NFTs are available for bidding by registering online. Each one will be auctioned separately and the winner will receive a digital artwork created by renowned photographer Fabian Oefner, which captures the five distinct moments the Space Key passed during its flight through space.

The full details regarding the Space Key and its accompanying digital artworks will be revealed in the coming weeks including the identity of the unknown artist and information on how to purchase these extraordinary creations. Follow Lamborghini on Instagram for all the details you need!