Foundation NFT Platform Ceases Operations
April 17, 2026 at 10:26
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✦ AI Summary
- Foundation NFT platform to close down following failed sale
- The platform processed approximately $230 million in NFTs since 2021
- Blackdove sale failure contributed to the shutdown decision
Foundation, a notable player in the NFT space, is poised to shut down operations after an unsuccessful sale to Blackdove. Launched in 2021, the platform has facilitated around $230 million in primary NFT sales, making it a significant contributor to the digital collectibles market. Despite this, the inability to secure a vital partnership with Blackdove ultimately led to the decision to cease operations.
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