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Lamborghini Enters the Non-Fungible Token (NFT) Craze Lamborghini has entered the realm of non-fungible tokens (NFTs) with a project that is truly out of the norm. They have teamed up with a yet-unknown artist to create a physical item – called the Space Key – that is connected to digital artwork using the QR code. This collaboration is proof that the wealthy car buyers continue to spend money despite the uncertainty of global financial markets. The rapid sales of Lamborghini's new hybrid model Revuelto, a hybrid model Revuelto, is an example of this. It's a non-fungible token The non-fungible token (NFT) trend has taken over the world of gaming, however, now even premium automakers are joining the fun. Luxury car manufacturer Lamborghini has announced its first NFT project, which consists of five space-themed digital artworks that are connected to a physical object known as the Space Key. The tokens are based on a piece of advanced carbon fiber composite material that was sent to the International Space Station in 2019 for a joint research project. NFTs are unique identification codes that are stored on a distributed ledger, known as Blockchain and tied to a digital asset, such as pictures or music. They are unique, which allows owners to guarantee the authenticity and security of their assets. They can also be programmed and trackable on the internet. Lamborghini has chosen NFT PRO as a white-label NFT specialist for its new project. Lamborghini will also auction off five Space Keys via auction in addition to the artwork themed around space. The NFTs are paired with tangible items that have been found in space, which will increase their value as the popularity of NFTs continues to grow. Nike, Samsung, and Reddit have already teamed up with NFTs and Twitter recently added a function for users to display their most loved NFTs on their profile picture by using frames that resemble hexas. The Space Time Memory NFTs will be auctioned online and the price of each is mystery at present. The company has stated that it will share more information in the coming weeks and days including the name of the artist and his identity behind the Space Key, digital artwork and the auction house. It's an artwork Lamborghini has developed a collection of non-fungible tokens (NFTs) which are completely out of the world. The brand has teamed up with Swiss artist Fabian Oefner in order to create a collection of digital art pieces that link to physical objects, which is known as “Space Key”. Each NFT has more than 600 million pixels and when you zoom in, hidden details are revealed, including the firing sequence of the V12 engines or different milling patterns of the transmission cog wheels. The Space Key's physical component is a piece of carbon fiber composite. It was shipped to the International Space Station in 2019 to conduct research. It's shaped into five pieces of physical objects called “space keys” and is connected to the digital artworks through an QR code that is located on the back. The digital artwork is created by the renowned artist Fabian Oefner and shows a Lamborghini Ultimae hovering above a photo of Earth. The first auction of the artwork that is space-themed will be held on February 1st. This is 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 Apollo 11 to leave Earth and enter the moon's orbit. Details on the auction and the artwork will be announced in the coming weeks. The artwork is an exploded image made from thousands of photos of the Aventador. It's 3D-printed carbon fiber Lamborghini has used 3D printing in their vehicles and now they're taking it one step further with the announcement of their latest NFT project. This is the first time using the technology with a non fungible token (NFT). The NFTs are built on carbon fiber from space and have an exclusive QR code that identifies an exclusive digital artwork. Five of these NFTs will be made, and they'll be sold in an auction. The new NFTs are constructed from a piece of carbon fiber composite that was sent to International Space Station as part of a 2019 research project. After having passed all tests, the carbon fiber 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 digital artwork created by an unknown artist through the carbon fiber QR code found on their back. NFTs are a fresh type of digital currency that makes use of blockchain technology to prove ownership and track assets on the internet. They offer many advantages, including scarcity, programmability, and an unique identifier. This makes them an ideal option for the sale of valuable objects like cars and artwork. TheKeyLab has released very little information about the NFTs, and is keeping things mysterious to generate buzz and excitement among its fans. Lamborghini's name is already associated with luxury, so the new NFTs are bound to draw attention and raise prices. Even with the high price, Lamborghini offers an excellent warranty on its vehicles. The Huracan, for example, comes with a three-year warranty with unlimited miles for the powertrain and bumper-to-bumper warranties. It's limited edition Lamborghini's unique approach to luxury has been taken to the skies with a new non fungible token called the Space Key. It was developed in collaboration with an unknown artist and is limited only to five pieces. Each space key is adorned with a QR code that unlocks an exclusive digital art work NFT created by the unknown artist. The artwork consists of five images showing an Aventador Ultimae bursting into the sky against a backdrop of Earth's horizon. 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 research project. research. Each piece is decorated with a QR code that enables a one-of-a-kind digital artwork. It is a non-fungible token that isn't able to be replicated or sold to another user. NFTs are digital asset that is recorded on an open ledger. This allows them to be authenticated, secured and programmable over the internet. They are able to be used for various purposes, from proving ownership of an item to monitoring assets. They can also be used for the creation of games and collectibles. The first Lamborghini Space Key auction will take place on February 1 and will last for exactly 75 hours and 50 minutes, the same time it took for Apollo 11 to leave Earth and enter the moon's orbit. The auction will be held on NFT PRO which is a platform for buying and trading NFTs.