With the explosion of non-fungible tokens (NFTs), thousands of investors are trooping into the space to participate in the emerging market.
While some fear that the NFT craze might die soon as it has already surpassed the ICO peak of 2017, a new project called Cell Land has popped up, with a promise to engrave the names of its users in the history of NFTs and cryptocurrency forever, using sophisticated technology.
What is Cell Land?
Cell Land is a fully decentralized NFT-based crypto advertising billboard that allows its clients to purchase pixels that will have continuous visibility for a long time.
The project tries to focus on the NFT-powered decentralized advertising aspect of the crypto industry. Individuals can unconditionally own the pixels of a work of art, history, or technology, and businesses can advertise their brands along with several top brands in the world to millions of interested visitors.
Cell Land’s advertising billboard has 900 x 1600 pixels with a total of 14,400 cells, each cell is the smallest unit for sale on the platform, and it measures 10 x 10 pixels. The cells can be bought, sold, or rented in a completely decentralized manner, with each cell being transferred as an Ethereum-based NFT.
All activities carried out on the platform are executed through Cell Land smart contracts, which are easily verifiable and open for everyone to confirm in Cell Land’s verified contract codes.
How Does It Work?
Although Cell Land is a relatively new project with several of its features yet to go live, it offers users multiple opportunities to earn in the booming NFT market.
Managing and Selling Cells
This is one of the primary ways of earning on Cell Land. Users can purchase cells, manage them to increase their value, and subsequently sell them by transferring ownership of the pixels to the buyer and earning money.
Some users who choose not to completely relinquish their ownership of the cells can rent them out to other users on the platform via Rent Land. This gives the user a monthly income from the rent paid.
The cells will be in the temporary ownership of the tenant for a specified time, and on the expiration of the agreed time, the tenant will renew the rent, or the owner takes it back.
Businesses can either buy or rent a cell or multiple cells to expose their brands and the products or services they offer to millions of unique visitors every month. Cell Land envisages a long-term application, ensuring that the brands remain visible “forever.”
Here, publishers and influencers can make massive income by increasing the billboard visit rates and subsequently earning commissions when their invitees buy or rent the cells.
Cell Land Tokenomics
Cell Land has two digital assets that offer different use cases.
This is an Ethereum-based non-fungible token (NFT) that authenticates a user’s ownership of a particular cell on the platform. In other words, it is a digital representation of a cell on Cell Land.
Land Token (CLD)
This is a utility token created with the ERC-20 token standard. It can be used to buy and rent cells on the platform, and it also serves as a governance token that allows holders to vote on certain decisions that can influence the future of the project.
Cell Land is a new addition to the crypto space, and it hopes to bring a lot of things to the table. It describes itself as the first completely decentralized advertising billboard and promises to ensure that brands get visibility for a lifetime.