Taking NFT Utility to the next level
When most of us buy an NFT, we are looking to get some tangible benefits from them. Outside of speculative purchases, we expect some kind of utility from our NFTs, which many collections claim to offer, whether this is access to benefits or the ability to profit from them.
An NFT project that has opened up a whole world of benefits to its users is FatLandClub, an NFT metaverse project. This project is centered around hand-drawn avatars that come in all sorts of themes.
The FatLandClub NFT collection
Within the FatLandClub NFT collection, there are 50 characters named FatLand Celebrities and all of these characters are depicted across the 10,000 assets in the collection. Based on the Ethereum network, these FatLand celebrities all have different features like skin tones and accessories and travel across the metaverse with their junk food.
Benefits of being an NFT holder
So what does one get for holding one of these NFTs? First, there is the chance to make money. FatLandClub offers one hold to earn program where secondary trading of the assets requires a royalty of 7.5% which is given to the platform. However, 20% of this amount is given to NFT holders, making their holdings an investment.
Then there are the benefits that users enjoy in the metaverse itself. The land in the metaverse will be available for purchase during a pre-sale that the NFT owners will have access to. Once they own this land, they can sell or rent it out at a profit. On the buildings in the metaverse, ads will be displayed to users and a portion of the fees generated from these ads will be distributed to NFT holders.
In addition to the NFTs, there will also be $Fatcoin, which is the utility and governance token of the ecosystem. By holding $Fatcoin, users can access lands, ad space, and buildings in the metaverse and participate in the many player-versus-player games that FatLandClub makes available to them. Those who already have the NFTs will get 500$Fatcoin for free when the metaverse is fully launched.
Finally, NFT holders will be considered for profit sharing within the ecosystem. For products and initiatives that they push forward, they will get 20% royalties as well as from the sale of shop products and the FatLand restaurant.
FatLandClub is also committed to creating a community offline as well, with NFT holders able to attend in-person events and parties.
Follow FatLandClub >> Twitter
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*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products before making any type of investment.
Tokoni Uti has been writing extensively about blockchain and cryptocurrency for years. Her work has appeared on sites such as BTCmanager and Blockchain Reporter. She has a degree in corporate communication.
