Blockchain
Blockchain Arts & Collectible Platform Portion, offers ‘24 Days of Giveaways’ For an Avant-Garde Holiday Season
Antiques,
valued items, collectables and art- all have always had a demand from
people who appreciate the effort put into making something impressive.
The demand for such items has created a whole industry. Art and other
collectables are bought and sold all over the world. From a few hundred
dollars to millions, each item is worth a value that owners are willing
to sell for, with buyers willing to buy.
Read More https://www.techbullion.com/blockchain-arts-collectible-platform-portion-offers-24-days-of-giveaways-for-an-avant-garde-holiday-season/
Portion’s Holiday Giveaway
In the spirit of the Holiday season, Portion has announced
a giveaway competition, where the platform will give eight different
collectible items to the lucky winners. Taking part in the competition
is simple. Every week of the competition, the platform will use social
media channels such as Facebook, Twitter and Instagram to announce the
raffling items. Participants must follow their channel, “like” or upvote the post, share it and then create an account on Portion.io. Winners of the competition will be chosen at random.
What are the eight collectibles, you might wonder? Well, Portion has published a list of the items:
- Supreme duffle or a book bag.
- Jean-Michel Basquiat Triptych Skull Skateboard.
- A basketball signed by Steph Curry and the inscription, “2018 NBA Champs”.
- Companion Vinyl figures from the acclaimed artist Kaws.
- Two tickets to the Burning Man.
- Portion gift card worth 2 ETH.
“Portion’s
vision is to democratize the art and luxury space for everyone. In the
spirit of the giving season, we wanted to do a campaign that highlights
this intention – where anyone can enjoy in demand art and rare
collectibles from Portion and its partners” CEO and co-founder of Portion, Jason Rosenstein said about the giveaway, “as
one of the first companies to endeavour a security token offering,
Portion presents a dynamic platform that will greatly benefit artists
and collectors”
Read More https://www.techbullion.com/blockchain-arts-collectible-platform-portion-offers-24-days-of-giveaways-for-an-avant-garde-holiday-season/
The Portion Mission
The
Art and other collectables industry, with its high valued items, is
prone to fraud and other scams. There is always an issue of:
- Authenticity of the item: Fake products are sold, defrauding people into thinking they are buying the true piece.
- Proof of ownership: The seller may not have acquired the sale item through a legal channel in the first place.
- Trust between buyer and seller: Exchange of money and a valuable item will always carry an element of fraud and mistrust.
- Correct valuation of item: With each item being unique, true value is hard to determine, with seller apprehensive about getting the right value for money and the buyer left to determine if he had over paid for the item.
In all, the
collectibles market at first sight, would not work for long. The trust
issues would certainly collapse the market in total. This has, over the
years, been largely compensated with third party verification and
escrows that act as middlemen and provide surety to both parties for a
fair trade. With this, another issue rises. They intermediaries take a
heavy commission for their services, this is where Portion comes in to
save the day.
Read More https://www.techbullion.com/blockchain-arts-collectible-platform-portion-offers-24-days-of-giveaways-for-an-avant-garde-holiday-season/
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