Ethereum NFT marketplace Foundation failed to sell, announces permanent closure and cessation of all operations

According to ChainCatcher, the Ethereum NFT marketplace Foundation has officially announced its permanent closure. Founder Kayvon Tehranian stated on X that there was an initial plan to sell the platform to a buyer interested in continuing operations, but the deal ultimately fell through, and the company decided it was not worthwhile to seek another buyer. The platform's infrastructure has been shut down, with no plans to relaunch.