Foundation

Foundation is a curated NFT marketplace that provides a platform for artists to mint, auction, and sell digital artwork as NFTs. Since its launch in 2021, Foundation has positioned itself as a destination for high-quality, exclusive digital art. By focusing on both creators and collectors, Foundation has created a community-driven environment where artists can earn sustainable income through primary sales and ongoing royalties from secondary sales. The platform emphasizes transparency, creativity, and innovation in the decentralized digital art space.

Curated Art and Artist-Focused Experience

Foundation is a curated platform where artists can mint and auction their NFTs, specifically focusing on high-quality digital art. The marketplace emphasizes a clean, minimalist interface that puts the spotlight on the art itself. Artists need an invite to mint, ensuring that only select creators participate. This curation helps maintain the platform’s reputation for hosting high-end, exclusive digital works, which attracts collectors looking for premium NFTs.

Auction-Based Sales Mechanism

Foundation is known for its auction model, where NFTs are sold through time-limited auctions. Once a bid is placed, a countdown begins. The timer resets if another bid is made, allowing for a dynamic and competitive bidding process. This format helps maximize the value of the artwork and gives both creators and collectors the chance to experience the excitement of real-time bidding, similar to traditional auction houses.

Creator Royalties and Secondary Sales

Foundation automatically ensures creators receive royalties from secondary sales of their NFTs. Every time a work is resold, the original artist receives a percentage of the new sale price. This feature gives artists long-term benefits from their work, incentivizing them to create and participate in the NFT space. Foundation's smart contracts enforce these royalties on-chain, making the process transparent and reliable.