Foundation.app is an art-focused NFT (non-fungible token) marketplace built on the Ethereum blockchain. It serves as a platform where digital artists, collectors, and curators can create, buy, sell, and showcase digital art in the form of NFTs.
Key Features
NFT Marketplace and Auctions
- Foundation allows artists to mint their digital artworks as NFTs, which are then listed for sale or auction.
- The platform supports both live auctions and fixed-price sales, giving creators flexibility in how they sell their work.
- Each NFT’s ownership and transaction history are transparently recorded on the Ethereum blockchain, ensuring authenticity and provenance.
Creator-Focused Tools
- Artists have dedicated profile pages that display their works, auction history, and links to social media.
- Foundation provides tools such as Drops (for launching multiple NFTs at once), Editions (for selling multiple copies of a single artwork), and Worlds (user-curated exhibitions with shared profits).
Curation and Community
- Foundation is known for its curated approach, initially growing through an invite system where artists could invite others, helping maintain a high standard of art and community engagement.
- The platform emphasizes social engagement, allowing curators to organize exhibitions and collectors to discover emerging artists and trends.
Royalties and Artist Revenue
- Artists receive 85% of the primary sale price, while Foundation takes a 15% commission.
- On secondary sales, creators automatically receive a 10% royalty each time their NFT is resold, providing ongoing revenue opportunities.
Decentralization and Transparency
- All transactions, ownership records, and bidding histories are publicly accessible via the Ethereum blockchain, promoting transparency and trust.
- Foundation uses decentralized storage and peer-to-peer networking to enhance security and efficiency.
Getting Started
To use Foundation, users need a Web3 wallet (such as MetaMask) to interact with the platform, bid on auctions, or mint NFTs. The platform is designed to be accessible to both seasoned crypto users and newcomers interested in digital art.
Summary
Foundation.app is a leading, curated NFT marketplace that empowers digital artists to monetize their work, collectors to discover and invest in digital art, and curators to organize exhibitions-all within a transparent, decentralized ecosystem built on Ethereum.