Portion NFT Marketplace Review?
Portion is a New York-based NFT trading platform that is built on the Ethereum blockchain network. The beta version of the marketplace was launched in June 2018 began the launch of digital artworks by December 2018. Version 2.0 of the marketplace was launched in December 2020 and began listing new digital collectables in March 2021.
What is an NFT Marketplace?
An NFT Marketplace is a marketplace for NFT. So far so good. But what is an NFT?
NFT is an acronym for “Non-Fungible Tokens”. Something which is fungible is replaceable. For instance, one kilo of 24 karat gold is – at least in theory – replaceable with any other kilo of 24 karat gold. When something is non-fungible, it means that it is unique, and not replaceable with any other item out there.
Although NFTs are conceptually similar to cryptocurrencies, these digital assets might represent antiques & artworks, collectables like trading cards, and other items with unique features. These tokens are stored cryptographically in a blockchain network for authentication and validation. Even when transacting, each token is sold as a whole, unlike cryptocurrencies which are divisible into smaller units. NFTs lose their value when split into smaller portions, however, they can be duplicated by the artist and each additional copy can be sold separately (but the total number of duplicates will then always be known).
Portion NFT Marketplace Focus
Portion NFT Marketplace lists many crypto artworks and collectables from many artists. The focus of this NFT trading platform is to create a trusted platform with a high degree of transparency while facilitating the exchange of high-value and authentic digital artworks.
Over the years, Portion has collaborated with many partners, Palm NFT Studio being the latest. The recent partnership with Palm NFT Studio aims to curb the cost and environmental footprint of minting NFTs.
Portion NFT Marketplace Fees
When you make a trade at any NFT Marketplace, they charge you with a commission. The commission is normally a percentage of the sale amount in the relevant trade.
According to one of Portion’s official sources, artists are charged 0% commission on primary sales and an 11% royalty for secondary sales.
Layout of Portion NFT Marketplace
Different NFT Marketplaces present their NFTs, the latest bid and the remaining time of an auction etc. in different ways. What you are most comfortable with viewing and using is up to you and no one else. The following picture is a print screen from Portion NFT Marketplace:
Portion NFT Marketplace Payment Methods
A few of the NFT Marketplaces out there accept deposits and payments via credit or debit card, and some even accept PayPal deposits.
We could not find any information that suggests Portion’s NFT trading platform accepts Cards or PayPal as a payment mode.