According to The Defiant, the Ethereum-based NFT marketplace Foundation announced its permanent closure due to the failure of the acquisition deal sold to Blackdove. Founder Kayvon Tehranian stated that the platform infrastructure has been taken offline with no plans for restart; Blackdove decided to build its own platform after due diligence; additionally, Foundation facilitated approximately $230 million in primary sales and will continue to support IPFS data for one year.
According to The Defiant, the Ethereum-based NFT marketplace Foundation announced its permanent closure due to the failure of the acquisition deal sold to Blackdove. Founder Kayvon Tehranian stated that the platform infrastructure has been taken offline with no plans for restart; Blackdove decided to build its own platform after due diligence; additionally, Foundation facilitated approximately $230 million in primary sales and will continue to support IPFS data for one year.