1 million NFTs review
1 million NFTs is a unique cryptocurrency project that has no analogues, but there are masterminds. The creator of the platform based on smart contracts does not hide: the idea came after meeting with OneMillionDollarHomePage.com and Place. Of course, they had nothing to do with cryptocurrency, but at one time they became a real marketing breakthrough and were able to attract the attention of the public.
Source of inspiration
OneMillionDollarHomePage.com users could buy pixels for a certain amount and paint them in any color. Large companies quickly took advantage of this opportunity, buying out empty cells and turning them into advertising banners made of tiny squares. Each side of the square field consisted of 1000 pixels, and 1 million cells were put up for sale.
On April 1, Reddit users were offered a similar page, but in the format of entertainment: you could color the squares for free, but once every 5 minutes. The square field turned into a real art gallery, where the Mona Lisa was next to the Dota logo. But the practical benefits of both projects were barely noticeable.
More than just pixels
To change the world, sometimes it’s enough to look at something that already exists from a different angle. So 1 million NFTs is a project very similar to the ones described, but completely different. After all, each cell in the pixel field corresponds to its own NFT-a unique token of the Ethereum smart contract network. To paint it in a certain color, you must first purchase and then spend universal ERC-20 tokens to buy a place.
Each pixel is not just a color cell. It can be assigned a link to any page on the Internet. This will allow representatives of large companies that have invested in the project to create a unique advertising banner to attract attention to their products and services. This is a good way to find partners and like-minded people who are ready to use modern technologies for the benefit of their business.
Benefits: obvious and non-obvious
The system is designed to be simple and convenient for the average user who wants to manage assets, buy and sell tokens within the community. NFT owners will also be able to rent them out to other users and receive rent from them. All these operations are carried out on the trading platform.
To become the owner of a single pixel, you must first reserve a space, and then purchase the corresponding NFT. Then, to get all the reserved squares, you need to buy a sufficient number of ERC-20s. It is important to note: the owner of the NFT has only 24 hours to color the pixel in the desired color.
After unlocking the ERC-20 tokens, all registered users receive a percentage. This is an additional advantage that can attract people who are not interested in placing large banners with links.
Field of perspectives
1 million Ntfs allows you to earn money by generating new tokens and renting out pixels. Therefore, the platform looks attractive in the eyes of several categories of investors at once. These are the owners of large companies who want their logo to look the most large-scale against the background of the rest, and ordinary users who want to earn interest from unlocking new ERC-20s.
The cryptocurrency platform will be able to attract people who are more profitable to make a profit from the sale of an advertising space. When all the cells are occupied, those who are lucky enough to buy a decent-sized field will win. They will decide whose ads will appear on the pixel banner. If 1 million Ntfs becomes a well-known platform outside the cryptocurrency community in the near future, this will guarantee the platform an influx of new users.