Foundation shuts NFT marketplace after failed sale
In April 2026, Foundation founder and CEO Kayvon Tehranian said on X that a sale intended to keep the marketplace operating under new ownership would not complete, that infrastructure had already been spun down, and that Foundation was not in a position to restore the platform. Cointelegraph and The Defiant reported the closure followed a collapsed Blackdove acquisition after an earlier operational handover. Foundation said it had facilitated roughly $230 million in primary NFT sales since launching in 2021.