Digital Art NFT Marketplace Foundation Closes After Failed Acquisition in Early 2026

Foundation, an Ethereum-based NFT marketplace, has permanently closed after a failed acquisition by Blackdove. Since its launch in 2020, Foundation processed approximately $230 million in digital art sales. The shutdown was confirmed by Kayvon Tehranian on April 15, 2026, marking a significant event in the NFT space as the market continues to evolve.

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