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Lamborghini Enters the Non-Fungible Token (NFT) Craze Lamborghini has entered the realm of non-fungible tokens (NFTs) with a concept that is literally out of this world. They have teamed up with an yet unidentified artist to create a tangible object called the Space Key – that is linked to digital artwork via QR codes. This collaboration proves that wealthy car buyers still spend money, despite global financial uncertainty. Lamborghini's latest hybrid model Revuelto is proof. It's a non-fungible token The non-fungible token (NFT) craze has swept the world of gaming, but now even high-end automakers are joining the fun. Luxury car manufacturer Lamborghini has announced its first NFT project – a set of five digital artifacts that are space-themed connected to a physical object dubbed the Space Key. The tokens were made from a piece advanced carbon fiber composite which was delivered to International Space Station for a collaboration project in 2019. NFTs are unique digital identifiers stored on a distributed database called Blockchain. They can be tied to any digital item such as images or music. They are unique, allowing owners to ensure the authenticity and value of their assets. They are also programmable and trackable online. This is why Lamborghini chose to partner with white-label NFT specialist NFT PRO for its latest project. Lamborghini will also offer five Space Keys via auction in addition to the artwork themed around space. The NFTs will be paired with tangible objects that have been transported exposed to space, which will increase their value as the craze for NFTs continues to grow. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the capability to display their favorite NFTs in their profile images using hexa-shaped frames. The Space Time Memory NFTs will be offered via an online auction. As of now the cost of each NFT remains somewhat elusive. The company has said it will release more information in the coming weeks and days including the name of the artist behind the Space Key, digital artwork and the auction house. It's a piece of art Lamborghini is merging its love for art and technology that is space-age to create a non-fungible token (NFT) collection that's beyond. Lamborghini has teamed up with Swiss artist Fabian Oefner in order to create a series of digital art pieces that are linked to physical objects, known as “Space Key”. www.thekeylab.co.uk has more than 600 million pixels and as you zoom, a myriad of details are revealed, such as the firing sequence of the V12 engines or the different milling patterns of the transmission cog wheels. The physical component of the Space Key is a piece made of carbon fiber composite. It was shipped to the International Space Station in 2019 to conduct research. It's cut into five items that are referred to “space keys” and is connected to the digital artworks by an QR code on the back. The digital artwork is created by renowned artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photograph of Earth. The first auction of the artwork with a space theme will take place on February 1st, which is the beginning of the Lunar New Year, and it will last for 75 hours and 50 minutes, which is the exact amount of time it took Apollo 11 to leave Earth and enter the moon's orbit. The auction's details and the artwork will be released in the coming weeks. For the artwork itself it's an unexploded view of the Aventador that was constructed out of thousands of photographs. It's 3D-printed carbon fiber Lamborghini makes use of 3D printing for their cars, and now they're going one step further with the launch of their latest NFT. This is the first time the company has employed the technology in conjunction with an un-fungible token (NFT). The NFTs are made of carbon fibers from space and are accompanied by an exclusive QR code that identifies an exclusive digital artwork. Only five of these NFTs will be produced and they'll be auctioned off in an auction. The new NFTs will be based on a piece of advanced carbon fiber composite material that was sent to the International Space Station in 2019 as part of a research project. After passing all the relevant tests the carbon fiber was returned to Earth and was subsequently a key component of the Space Key NFT project. The carbon fiber QR codes on the back of each Space Key connect it to a piece of digital artwork made by an unknown artist. NFTs is the newest virtual currency that utilizes blockchain technology to track assets and prove ownership through the internet. They offer many benefits, including scarcity, programmability and an individual identifier. This makes them a great solution for the sale or purchase of valuable items such as art, or automobiles. The company has released very little details about the NFTs, and is keeping things mysterious to generate buzz and excitement among fans. Lamborghini's brand is already associated with extravagance, so the new NFTs are sure to draw attention and raise prices. Lamborghini's vehicles come with excellent warranty, despite their pricey price. The Huracan for instance, comes with a three-year warranty with unlimited miles for powertrain and bumper-to-bumper warranty. It's a limited edition Lamborghini's unique way of expressing luxury has been elevated to the skies by the creation of a new, non-fungible currency known as the Space Key. It was created in collaboration with an unidentified artist and is limited to five pieces. Each space key contains an QR code that unlocks an artwork digitally created by an unidentified artist. The artwork is a set of five photos that show an Aventador Ultimae bursting into the sky against a backdrop of the horizon of Earth. The physical part of the NFT”Space Key,” the “Space Key” is made of carbon fiber that Lamborghini delivered to the International Space Station as part of an ongoing research project in 2019. Each piece is embossed with the QR code that enables an original digital art work. It's a non-transferable token that isn't able to be replicated or sold to a different user. NFTs are a type of digital asset that is recorded on a distributed ledger. This allows them to be authenticated and secure through the internet. They can be utilized for a variety uses, from the verification of ownership of an object to tracking the movement of assets. They can also be used to create collectibles and games. The first Lamborghini Space Key auction will begin on February 1 and will last 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 take place on NFT PRO, an online platform for buying and selling NFTs.