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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 completely out of the ordinary. They have teamed up with an unknown artist to create the Space Key, a physical item that is connected to digital art using a QR code. This collaboration is a clear indication that the most affluent car buyers are still spending money even in the face global financial uncertainty. The quick sellout of Lamborghini's latest hybrid model, the Revuelto is a proof of this. It's a non-fungible token The non-fungible token (NFT) trend is spreading across the gaming industry, but even high-end carmakers are joining in the action. Lamborghini, a luxury automobile manufacturer, has unveiled its first NFT project which is a collection of five digital artworks centered around space and linked to a physical item called the Space Key. The tokens were crafted from a carbon fiber composite which was sent to International Space Station for a joint project in 2019. NFTs are unique identifiers that are recorded on a distributed ledger, known as Blockchain and linked to a digital asset such as pictures or music. They are one-of-a-kind, allowing their owners to guarantee authenticity of the asset and to ensure its scarcity. They can be monitored and programmed via the internet. This is why Lamborghini chose to partner with white-label NFT specialist NFT PRO for its new project. Lamborghini will also sell five Space Keys via auction in addition to the artwork centered around space. The NFTs will be coupled with tangible objects that have been transported exposed to space, which will increase their value as the demand for NFTs continues to grow. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the capability for users to display their favourite NFTs on their profile photos with hexa-shaped frames. The Space Time Memory NFTs are being sold via an online auction, and the price for each is a bit of a mystery at the moment. The brand has promised to share more details in the coming days and weeks including the name of the artist behind 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 that is space-age to create a non-fungible token (NFT) collection that's out of this world. Lamborghini has teamed up with Swiss artist Fabian Oefner in order to create a collection of digital art pieces that link to physical objects, known as “Space Key”. Each NFT is made up of more than 600 million pixels. as you zoom, hidden details are revealed, including the firing sequence of the V12 engines, or the various milling patterns of the cog wheels used in transmissions. The physical component of the Space Key is a piece of carbon fiber composite. It was sent to International Space Station in 2019 for research purposes. It's shaped into five items that are referred to “space keys” and is linked to the digital artworks via a QR code on the back. The digital art is the work of the renowned artist Fabian Oefner, and it depicts a Lamborghini Ultimae floating above a photograph of Earth. The first auction of art inspired by space will take place during the Lunar New Year on the 1st of February. It will run for 75 hours and 50 minutes which is the exact time it took to see Apollo 11 leave Earth and begin its journey to orbit. The details of the artwork and the auction will be announced in the coming weeks. The artwork itself it's an expanded view of the Aventador which was constructed using thousands of photos. It's 3D-printed carbon fibre Lamborghini uses 3D printing to make their cars and is now taking it one step further by launching their latest NFT. This is the first time using the technology with the non-fungible token (NFT). The NFTs are made of carbon fibers from space and feature an unique QR code that identifies an exclusive digital artwork. lamborghini huracan key are only five in number and will be sold at auction. The new NFTs will be built upon a piece of carbon fiber composite material that was sent to the International Space Station in 2019 as part of an ongoing research project. After passing all the relevant tests the carbon fiber was returned to Earth and became a crucial element of the Space Key NFT project. Each of the five Space Keys will be linked to a digital art created by an unknown artist using the carbon fiber QR code on their back. NFTs are a new form of virtual currency which utilizes blockchain technology to verify ownership and track assets on the internet. They offer many benefits including their scarcity, programability, as well as an identifier unique to each. This makes them an ideal solution for the sale and purchase of valuable items such as art or cars. The company hasn't released much information about the NFTs and is keeping it secret to create excitement and buzz among fans. Lamborghini is well-known for its extravagance. The new NFTs will definitely draw attention and increase prices. Lamborghini's cars come with a outstanding warranty, despite their expensive price. The Huracan for instance, comes with a three-year warranty with unlimited mileage for the powertrain and bumper-to-bumper warranties. It's a limited edition Lamborghini has created a unique way of bringing luxury to the skies with a brand-new non-fungible token (NFT) called the Space Key. It was developed by a yet to be identified artist and is limited to five pieces. Each space key contains the QR code, which opens a digital artwork created by an unidentified artist. The artwork is a collection of five images of an Aventador Ultimae breaking up into the sky, surrounded by the horizon of the earth. The “Space Key” is the physical part of the NFT. It is made of carbon fiber pieces that Lamborghini has sent to the International Space Station in 2019 as part of a research project. research. Each piece comes with an QR code imprinted on it, which links to a digital image of the original. It is a non-transferable token, that can't be duplicated or sold. NFTs are cryptographic assets that are recorded on the internet as a distributed database. This allows them to be verified and secured via the internet. They can be used for a variety of reasons, from proving ownership of an item to monitoring assets. They can also be used to design games and collectibles. The first Lamborghini Space Key Auction will be held on the 1st of February and will last exactly 75 hours and fifty minutes, which is the same amount of time Apollo 11 took to leave Earth and enter into the moon's orbit. The auction will take place on NFT PRO the platform used for buying and trading NFTs.