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

After a string of social media posts that hint at it, Italian supercar-maker lamborghini svj key has finally announced its first NFT (non-fungible token) project. Dubbed Space Key and created in collaboration with an undisclosed artist and based on a piece of advanced carbon fiber composite material, which was sent to the International Space Station for research purposes.

The product was developed in collaboration with NFT PRO(tm).

Lamborghini, the Italian supercar maker, is taking a first step into the world of non-fungible tokens (NFTs). The new project, called the Space Key, is a work that was created by a lone artist. The unique NFT is a tangible object that has a link to exclusive digital artwork that can be accessed via a QR code that is located on the back. The project is limited and will be auctioned off over the next few weeks.

The Space Key is made from a carbon fiber composite material which lamborghini sian key shipped to the International Space Station in 2019 as part of an investigation project. The carbon fiber was transformed into an original artwork when it returned to Earth. The physical object has an NFT serial code that ties to the digital image via QR code located on the back.

NFTs, for those who are not familiar, are unique identifiers that are recorded on a distributed ledger of the blockchain and connected to a digital asset, such as a photo or video, song, or other recording. This enables owners to guarantee the authenticity, scarcity and tracking of their tokens across the internet.

lamborghini key takes this unique approach to art by collaborating with NFT PRO - a white label NFT solution for businesses. Over the next few weeks Lamborghini will release details about the exciting project, including the name of the unknown artist and a timetable for the auction.

The physical element of Space Key

Following multiple social media posts that tease something related to space, Italian supercar maker Lamborghini has stepped into the realm of tokens that are not fungible (NFT) with an exclusive project called Space Key. The project was created in collaboration with an unidentified artist, the NFT is a collectible item that will be auctioned off within a few weeks. At its heart is a piece that's made of the latest carbon fiber composite material that was delivered to the International Space Station (ISS) in 2019 as part an ongoing research project. The carbon fiber was 3D printed to form the basis of each Space Key, which is linked with an exclusive, entirely digital artwork using the QR code that is on the back of the key. Just five Space lambo keys have been produced.

NFTs are unique identifications that can be recorded in distributed ledgers like the Blockchain, and linked to digital assets like images. It's a hot topic with people with more money than common sense. So it was only an issue of time before automakers decided to take advantage of.

Space Key consists of five units. The components were built with a physical part of the carbon fiber composite, which was sent to the ISS in the year 2019. Each NFT is linked to an exclusive digital artwork created by the same artist via QR codes on the back of the carbon fiber component. More details will be revealed in the coming days and weeks including the artist's name along with the digital artwork and the method of purchasing one of the five Space Keys.

The digital artwork

After weeks of social media posts that hinted at it, luxury automobile maker Lamborghini finally revealed its first initiative for tokens that are non-fungible (NFT). The Space Key is a collection of five physical items that allows you to access an exclusive digital work by an unknown artist. The "collectors' piece" was developed in collaboration with NFTPRO(tm) and is limited to just five units. It will be auctioned shortly.

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 engraved with the QR code which links it to the digital element 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. Over 600 million pixels each of the five images that were taken by photographer Fabian Oefner.

Oefner utilized an inflatable camera fitted with a lens to capture individual images, which were then combined into the final photo. The result is an amazing out of the world photo that captures the beauty of the Earth and the futuristic, hyper-realistic picture of the car rising from it. The Space Keys will be auctioned off in the near future, but the exact date and location of the event haven't been revealed yet.

The auction

With the tagline 'to the moon', the prestigious automobile manufacturer Lamborghini has entered the world of non-fungible tokens (NFT) with a captivating project created in collaboration with NFT PRO(tm). The Space Petron Key To Lamborghini is essentially an NFT that has carbon fiber composite material that actually went to the International Space Station in 2019 for research purposes. The physical sample has been cut into five distinct items that each link to exclusive and digital artworks created by an unidentified artist through the QR code that is on their backs.

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

Over the next few weeks, we'll reveal 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 the best way to purchase these amazing creations. Stay tuned to Lamborghini's Instagram for all the information you need!