The NFT marketplace Foundation will gradually shut down due to a failed sales plan.

Techub News reports, according to The Defiant, the NFT marketplace Foundation will gradually shut down due to a failed sale to the digital art display company BlackDove. Currently, the platform's infrastructure has been taken offline. Foundation founder Kayvon Tehranian stated that the company had hoped to continue platform operations through the sale, but the transaction was not completed, and the team also believes there is no need to continue seeking buyers. The report indicates that after completing comprehensive due diligence following the operational handover, BlackDove decided to pivot towards building its own proprietary marketplace.