🪙Collectibles

Alright can make it safer and easier to buy or sell collectible items

Alright is a safer way to buy and sell collectibles including art, antiques, and memorabilia when you need to confirm the authenticity of the item.

Example Workflow

Beth wants to buy a rare antique from Dave, but she is concerned about the item being genuine because it is often reproduced as a cheap replica. They agree on a price and the shipping logistics. Beth chooses to escrow her payment through Alright so that Dave will receive the funds only after she is able to confirm the authenticity of the antique with a local expert.

To keep them both honest, they each put up a security deposit. The payment and security deposits are sent to Alright's smart contract, and when the details match, Alright locks them in.

Beth feels confident that Dave is going to send her a real item because he has collateralized their agreement. Dave can confidently ship the item to Beth knowing Beth will follow through on the payment because she has also contributed collateral.

Dave requests payment when he ships the antique, as his side of the deal is done. When Beth and her expert confirm that the item is genuine she agrees to release the funds. As soon as she does so, her payment is forwarded to Dave and they both receive their collateral back.