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Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

Solana’s first physical art gallery is using a Frank Ape solo show to prove the onchain art model works in the real world

Brandon Sines, the artist behind FrankApeWorld, opens his first solo exhibition in eight years, titled “Let’s Be Frank,” on May 1 at Cycol Gallery in New York. The show features a cohesive, journey-like curation culminating in a site-specific immersive installation, with every piece minted on Exchange.Art. Cycol Gallery, located at 91 Allen Street, describes itself as Solana’s first brick-and-mortar gallery, built on Solana infrastructure and powered in part by the BONK memecoin, which acquired Exchange.Art in March 2025. Physical display uses Blackdove Art’s digital frames, allowing works to exist as tangible objects and verifiable onchain assets simultaneously.

Art meets tech: 6 ways to experience both during Miami Art Week

Miami Art Week is featuring a strong intersection of art and technology, with digital art taking center stage at major fairs. Art Basel Miami Beach (Dec. 5–7) debuts Zero 10, a curated section focused on digital art, showcasing works by Beeple (including robotic dogs resembling billionaires), Lu Yang, and others. CONTEXT Art Miami (Dec. 2–7) hosts Blackdove, a Miami-based digital art company, presenting its first fair exhibit titled "Code and Canvas: The Digital Art Genome." Other tech-forward installations include Emmanuel Van der Auwera's thermal video piece and Holly Herndon & Mat Dryhurst's AI-driven digital canvas.