blackdove

Digital art platform Blackdove announced the abandonment of its acquisition of the NFT platform Foundation. It stated that the purpose of acquiring Foundation was to improve Blackdove's software infrastructure. Due to the rapid progress of the acquisition, Blackdove conducted due diligence only after the operational handover was completed, but later realized that developing its own platform was the best direction, leading to the decision to abandon the acquisition. Foundation has now been returned to its founder Kayvon Tehranian and the foundation team.Previously, Blackdove announced the acquisition of Foundation on January 28, 2026. Foundation was established in February 2021 and is an NFT platform focused on high-quality digital art, known for its curatorial model that emphasizes exclusivity, artistic quality, and creator empowerment, primarily serving digital artists and professional collectors. It has received investments from a16z, 1kx, and Coinbase Ventures.