Portion App Partners With Palm NFT
Portion is proud to announce a partnership with Palm NFT Studio giving artists the opportunity to mint and sell their work, sustainably. Palm is a new token-powered ecosystem for NFTs, which is connected to Ethereum, and features drastically reduced gas costs, fast transactions, and 99.99% more energy efficiency than Proof of Work systems. By integrating Palm’s scalable infrastructure, Portion will abstract away many of the complexities and costs for creators and collectors, all while preserving decentralization and the technical integrity of distributed protocols. Portion is excited to support Palm’s energy efficient NFT ecosystem alongside ConsenSys, Uniswap, $MEME, Nifty’s, Protocol Labs, MetaMask, and Infura.
Palm is built on mature Enterprise Ethereum technology from ConsenSys, the same Ethereum tech the world’s leading financial institutions rely on to run their production blockchain platforms. Palm is a token-powered ecosystem optimized for NFTs that operates as a side-chain on Ethereum. Palm uses a consensus mechanism called IBFT-2, a rotating Proof-of-Authority consensus method, in lieu of Proof-of-Work. This grants them the ability to offer affordable transactions for users while also maintaining an almost 0% carbon footprint.
Portion’s partnership with Palm is another stroke in a comprehensive reimagination of the Portion platform, from tokenomics to drops to user experience. As the first open NFT platform to offer support for both Ethereum and Palm networks, Portion will lower the barriers to entry for creators, while continuing to offer them up to 100% of the proceeds from the sales of their work. Soon artists and creators will be able to mint and sell NFTs on Portion using Palm.
ABOUT Palm Network
Palm is a new NFT ecosystem for culture and creativity, built efficiently with Ethereum. The Palm ecosystem features low gas costs, fast transaction finality, and is over 99.9% more energy efficient than Proof of Work systems.
ABOUT Portion
Portion is the premier online marketplace connecting artists and collectors through Blockchain technology to easily sell, invest and own art and collectibles with complete transparency.
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