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Lamborghini Enters the Non-Fungible Token (NFT) Craze
Lamborghini is stepping into the world of non-fungible tokens through an idea so far from this world that it's difficult to believe. They have joined forces with a unknown artist to create a tangible object - called the Space Key - that is connected to digital artwork by a QR code.
This collaboration is proof that wealthy car buyers still spend money despite the global financial turmoil. The quick sale of Lamborghini's latest hybrid model called the Revuelto, is evidence of this.
It's not a fungible token
The non-fungible token (NFT) trend is taking over the gaming industry and even luxury car manufacturers are joining in the action. Lamborghini is a high-end lambo car key maker, has announced its first NFT project which is a collection of five digital art pieces based on space, which are connected to a physical object called the Space Key. The tokens were constructed out of a carbon fiber composite which was delivered to International Space Station for a joint project in the year 2019.
NFTs are unique identification codes that are stored on a distributed ledger, known as Blockchain and linked to digital assets, such as pictures or music. They are unique, allowing owners to ensure the authenticity and scarcity of their assets. They are also programmable and trackable online. Lamborghini has chosen NFT PRO which is a white-label NFT specialist to work on its new project.
In addition to the art inspired by space, Lamborghini is offering five Space Keys that will be auctioned off. The NFTs will be placed alongside tangible objects that have been exposed to space, which will increase their value over time as the craze for NFTs continues to grow. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability for users to display their favourite NFTs in their profile pictures with hexa-shaped frames.
The Space Time Memory NFTs will be offered via an online auction. As of now the cost of each NFT is a bit hazy. The company has promised to provide more details in the coming weeks and days, including the name of the artist who created the Space Key and digital artwork, the auction house, and the date and time of the auction.
It's a masterpiece of art
Lamborghini is combining its love of art and technology of the future to create an un-fungible token (NFT) collection that's out of this world. Lamborghini has joined forces with Swiss artist Fabian Oefner to develop a series of digital artworks that connect to physical objects, dubbed "Space Key." Each NFT has more than 600 million pixels and when you zoom in subtle details like the firing order of the V12 engine or different milling patterns on transmission cog wheels are made visible.
The physical part of the Space Key is a piece made of carbon-fiber composite material that was shipped to the International Space Station for research purposes in the year 2019. The Space Key is cut into five physical objects called "space key" and linked to the digital artwork by a QR-code printed on the back. The digital artwork was created by famous artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photo of Earth.
The first auction for the artwork that is themed to space will take place during the Lunar New Year on the 1st of February. It will last 75 hours and 50 mins, which is the same time it took to see Apollo 11 leave Earth and enter its orbit. The auction's details and the artwork will be announced in the coming weeks. The artwork is an exploded image built from thousands photographs of the Aventador.
It's 3D-printed carbon fiber
Lamborghini has long been using 3D printing in their vehicles and now they're taking it one step further with the launch of their latest NFT project. This is the first time using the technology with a non fungible token (NFT). The NFTs have a QR code that is linked to a digital image of artwork that is exclusive to the company. They are made from carbon fiber that was extracted from space. Five of these NFTs will be produced, and they'll be auctioned off in an auction.
The new NFTs are built on a piece of advanced carbon fiber composite that was shipped to International Space Station as part of a research program in 2019. After having passed all tests, the carbon fiber was returned to Earth as a key element in the Space Key NFT Project. Each of the five Space Keys will be linked to a digital art created by an unknown artist by using the carbon fiber QR code that is on their back.
NFTs is a brand new virtual currency that makes use of blockchain technology to track assets and prove ownership through the internet. They have many benefits, including scarcity, programmability and a unique identifier. This makes them a great solution for selling and purchase of valuable items such as art or cars.
The company has only released a few details regarding the NFTs, and is keeping the details under wraps to create excitement and buzz among fans. Lamborghini's name is already associated with luxury, and the new NFTs are bound to attract attention and increase prices. Lamborghini's cars come with great warranty despite their high price. The Huracan is protected by a three-year guarantee with unlimited mileage for the engine.
It's limited edition
lamborghini countach key's unique way of expressing luxury has been elevated to the skies with the launch of a brand new non-fungible token called the Space Key. It was created in collaboration with an unknown artist and is limited only to five pieces. Each space key has a QR code which unlocks an artwork digitally created by an unidentified artist. The artwork is a series of five images of an Aventador Ultimae breaking up into the sky, surrounded by the horizon of Earth.
The physical part of the NFT, the "Space Key" is constructed of carbon fiber that lamborghini diablo key delivered to the International Space Station as part of an ongoing research project in 2019. Each piece is equipped with an QR code inscribed on it which connects to a digital illustration of the original. It is a non-fungible token that can't be replicated or sold to a different user.
NFTs are cryptographic assets that are stored on the internet as a distributed database. This allows them to be authenticated, secured and programmable via the internet. They can be used for a variety of purposes, from proving ownership of an item to monitoring assets. They can also be used to design games and collectibles.
The first Lamborghini Key Space Key auction will be held on February 1 and will run for a total of 75 hours and 50 minutes, which is the exact time it took Apollo 11 to leave Earth and enter the moon's orbit. The auction will be held on NFT PRO, an online platform for buying and selling NFTs.