Well, that’s the simplest way to make a cake stand I’ve ever seen ;-))
In the text below the picture they suggest using spray paint. That surely will look great, but I don’t think that it is food safe, so I’d suggest to never put the cake directly onto the cake stand.
Links:
Cake Stand (Cake Stands… spray paint in the color of your choice.)
Original link according to pin, I didn’t find the original entry