what's foundation?
Foundation is a curated NFT marketplace built on the Ethereum blockchain, designed specifically for digital artists and creators to mint, auction, and sell their work as non-fungible tokens. It emphasizes a community-driven approach where artists invite others to join, fostering a high-quality ecosystem of visual art, animations, and interactive pieces. The platform uses a unique auction mechanism called "frame it," allowing bidders to place offers that creators can accept or extend into timed auctions, promoting fair value discovery without traditional listing fees. At its core, Foundation operates as a decentralized protocol that leverages smart contracts for secure, transparent transactions. Creators retain ownership and control over their editions, while collectors can engage in a social bidding experience. The platform integrates with Ethereum wallets like MetaMask, enabling seamless participation in the Web3 creative economy. Foundation's native token, FND, plays a key role in governance and utilities, such as reducing fees or participating in DAO decisions to shape the platform's future. This tokenomics model incentivizes long-term community involvement and aligns the interests of artists, collectors, and developers.
Foundation achieved over $230M in artist sales after its acquisition by Blackdove.
Links
x.com/foundationSupports an open call art exhibition titled HOMAGE at the National Theater in Craiova, Romania, running from March 19 to April 14, 2026, with submission deadline on March 9, 2026 and selected artists announced on March 14, 2026.
Scheduled for a panel discussion on 2026-02-13 about Foundation's transfer and current state of the digital art market.
Pledged support for a mission to support artists in collaboration with Bat Soup Yum and Musical Netta, alongside Blackdove Art.
Reinvests all FND proceeds into art.
Partners with Blackdove to offer collectors a 50" Digital Canvas after purchasing 1 ETH of artwork and a 65" canvas after 2 ETH.
Introduces 10% revenue share from Blackdove distribution for collectors of artwork minted on FND.
Reached over $230M in cumulative artist sales on the platform.
Acquired by Blackdove and continues operating as a standalone business, with founder Kayvon joining Blackdove's Board.
Has approximately $1 million in dormant bid funds across 1,260 wallets in its contract, totaling 314 ETH with an average of 0.24 ETH per wallet and a highest individual amount of 9.5 ETH.
Foundation currently has 2 live auctions, ranking second behind Sealed's 4 live auctions and ahead of SuperRare's 1 live auction among 1/1 NFT platforms.
All NFT listings on Foundation currently trade below 0.01 ETH across the platform.
Artist announces 24-hour promotional event accepting all offers above 0.142 ETH on Foundation 1/1 artworks.
New NFT "Twins Born 28 Years Apart" listed for 0.128 ETH, representing an 8.5x price increase over September's 0.015 ETH listing and 4.3x increase over the 0.03 ETH listings.
Artist reports receiving 2 bans from Foundation platform, adding to a documented history of 7 censorship incidents across various crypto art platforms including SuperRare, KnownOrigin, and Rarible.
Artist characterizes Foundation platform as "abandoned" while migrating artwork to SuperRare and personal contracts, representing an escalation from previous technical dysfunction reports and suggesting potential platform shutdown or cessation of operations.
Foundation platform experiences metadata update failure, forcing artists to migrate remaining NFT listings to competitor platform OpenSea due to technical dysfunction.
New NFT collection "Silent Valleys" and individual piece "Shipwreck Island" launched at 0.03 ETH, doubling the previous mint price of 0.015 ETH.
New NFT "Justice is blind 目" minted on Foundation platform at 0.015 ETH after period of inactivity.
Complete sell-out achieved on Foundation and SuperRare platforms, with single 1/1 piece remaining on primary market.
Alert: Active scammer selling fake LOI token claims after foundation rejections.
Major NFT marketplaces show significant discrepancies in KnownOrigin token indexing, varying from 218K to 236K tokens.
Unauthorized UNI, PUMP, XRPL tokens circulating; false Binance partnership claims reported. Official warning issued about unauthorized equity transfers.
Weekly live shows launching Fridays 9AM EST with Passport Prime giveaway promotion.
New NFT collection "Void Frame" series launching on platform within hours.
New NFT auction (Curious Cabins 51-55) scheduled for next Tuesday using traditional ETH auction format.
Platform experiencing minting issues; users advised to use Manifold or Transient alternatives.
Current leadership shows signs of disengagement while community members discuss potential artist-led acquisition to prevent platform decline.
Platform operations are winding down, signaling possible cessation of services.