
Primary markets are markets for NFTs that are being sold for the first time. There are two types of NFT markets: primary and secondary. Trending auctions at the Foundation.App home page. There are currently three types of NFTs offered on the Foundation platform: images, videos, and 3D artwork. All NFTs are sold using ETH and users must possess ETH in their wallets to bid on an auction. It’s a platform that aims to build a new creative economy where creators can use the Ethereum blockchain to value their work in entirely new ways and build stronger connections with their supporters.įoundation currently has 260,000 registered members and over 100,000 NFTs for sale. Foundation was built for the Ethereum ( ETH) blockchain and all NFTs are hosted on Ethereum.įoundation is an Ethereum-based NFT marketplace that launched in 2021. Foundation users need a Web 3.0 wallet such as MetaMask to transact on the platform. Collectors can bid on auctions without restrictions. Invites can only be sent by members who have already sold at least 1 NFT on the platform.
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NFT creators must get an invite code to mint NFTs. The platform was host to notable NFT auctions such as Edward Snowden’s first NFT and the Nyan Cat animation. So far, Foundation has earned 39,000 ETH ($160 million) for its creators. Launched in February 2021, Foundation is one of the largest NFT marketplaces on the web. Foundation is an invite-only NFT marketplace for creators and collectors.
