In a significant shift for the NFT community, Kayvon Tehranian has announced the transfer of ownership of the artist platform Foundation to Blackdove. This strategic move is designed to secure the platform's future and maintain its commitment to supporting artists, as highlighted in the document.
Transition to Blackdove
The transition to Blackdove is expected to bring new leadership that will prioritize fair compensation for artists, a core value that Foundation has upheld since its inception.
Financial Impact
Since launching, the platform has facilitated approximately $230 million in primary sales, establishing itself as a key player in the NFT space.
Future Goals
This change aims to enhance the platform's sustainability and continue its mission of empowering creators.
In a recent development, Paystack has permanently terminated its partnership with Fansted, highlighting the challenges faced by startups in the African fintech sector. This decision contrasts with the recent ownership transition of the artist platform Foundation to Blackdove. For more details, see Paystack's decision.
