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Lamborghini Enters the Non-Fungible Token (NFT) Craze Lamborghini has entered the world of non-fungible tokens (NFTs) by launching a project that is out of the norm. They have joined forces with an unknown artist to create the Space Key, a physical object that can be connected to digital art through a QR code. This collaboration is a signal that the wealthy car buyers are still spending money even in the face of global financial uncertainty. The quick sale of Lamborghini's new hybrid model called the Revuelto is an example of this. It's a non-fungible token The non-fungible token (NFT) craze is sweeping the gaming industry but even premium car makers are joining in the action. Lamborghini is a luxury automobile maker, has revealed its first NFT project: a collection of five digital art pieces based on space, which are connected to a physical object known as the Space Key. The tokens were created using a piece of carbon fiber composite material that was shipped to the International Space Station in 2019 to conduct a joint research. NFTs are unique digital identifiers which are stored on a distributed database called Blockchain. They can be linked to any digital object such as images or music. They are unique, allowing owners to prove the authenticity and rarity of their assets. They are also programmable and trackable online. Lamborghini chose NFT PRO as a white-label NFT specialist to develop its new project. In addition to the artwork that is space-themed, Lamborghini is offering five Space Keys that will be auctioned off. The NFTs will be coupled with tangible objects that have been sent to space, which could increase their value as the demand for NFTs continues to increase. Nike, Samsung and Reddit are already working with NFTs. Twitter has recently added the ability to display their favourite NFTs in their profile images with hexa-shaped frames. The Space Time Memory NFTs will be sold via an auction on the internet, and the price for each one is an unknown at the moment. The company has said it will share more information in the coming days and weeks including the name of the artist behind the Space Key, digital artwork and the auction house. It's an art piece Lamborghini has developed a collection of non-fungible tokens (NFTs) that are not part of this world. Lamborghini has teamed up with Swiss artist Fabian Oefner in order to create a collection of digital art works that link to physical objects, dubbed “Space Key”. Each NFT is comprised of over 600 million pixels and when you zoom, hidden details are revealed, including the firing sequence of the V12 engines or the different milling patterns of the cog wheels used in transmissions. The Space Key's physical component is a piece of carbon fiber composite. It was sent to International Space Station in 2019 to conduct research. It's cut into five pieces of physical objects called “space keys” and is connected to the digital artworks through a QR code on the back. The digital artwork is the creation of the renowned artist Fabian Oefner, and it shows a Lamborghini Ultimae floating above a photograph of Earth. The first auction of the artwork with a space theme will take place on February 1st, the start of the Lunar New Year, and it will last for 75 hours and 50 minutes – which is the same amount of time it took for Apollo 11 to leave Earth and enter the moon's orbit. Details about the artwork and the auction will be released over the next few weeks. The artwork is an exploded image built from thousands photographs of the Aventador. It's a 3D-printed carbon fibre Lamborghini has been using 3D printing in their cars and now they're taking it one step further by launching of their latest NFT project. This is the first time that the company has employed the technology together with the non-fungible token (NFT). The NFTs are based on carbon fiber from space and come with an individual QR code that links to an exclusive digital artwork. These NFTs are limited to five and will be auctioned off. The new NFTs will be built upon a piece of advanced carbon fiber composite material that was sent to the International Space Station in 2019 as part of an investigation project. After passing all tests, the carbon fibre was returned to Earth as a crucial component in the Space Key NFT Project. Each of the five Space Keys will be linked to a piece of digital artwork created by a lone artist via the carbon fiber QR code on their back. NFTs is the newest virtual currency that utilizes blockchain technology to track assets and verify ownership on the internet. They offer many benefits that include scarcity, programmability and an unique identifier. This makes them an ideal solution for selling valuable items like cars and art. The company hasn't revealed any details about the NFTs and is keeping it a secret to generate excitement and a buzz among fans. Lamborghini is well-known for its extravagant designs. The NFTs that are coming will definitely attract attention and raise prices. Lamborghini's vehicles come with outstanding warranty, despite their expensive cost. The Huracan is covered by a three-year warranty with unlimited mileage for the powertrain. It's a limited edition Lamborghini's unique approach to luxury has been elevated to the skies with an innovative non-fungible token called the Space Key. lamborghini key fob was created by a yet to be identified artist and is limited to five pieces. Each space key features a QR code that allows you to unlock an exclusive digital artwork made by an unidentified artist. The artwork is a set of five images of an Aventador Ultimae breaking up into the sky over the horizon of the earth. The “Space Key” is the physical component of the NFT. It's made of carbon fiber pieces that Lamborghini has sent to the International Space Station in 2019 as part of a project to research. Each piece comes with a QR code engraved on it that links to an original digital artwork. It is a non fungible token that cannot be duplicated or sold. NFTs are a kind of cryptographic asset that is recorded on a distributed ledger. This allows them to be authenticated and secured via the internet. They can be used for many purposes, ranging from proving ownership of an item to keeping track of assets. They can also be used to create collectibles and games. The first Lamborghini Space Key auction will take place on February 1 and will run for a total of 75 hours and 50 minutes, the exact time it took Apollo 11 to leave Earth and enter the moon's orbit. The auction will take place on NFT PRO, a platform for buying and trading NFTs.