what year is the abandons set in - Blackdove Abandons Acquisition of NFT Platform Foundation, Ownership Returned to Founders
ChainCatcher report: The digital art platform Blackdove has announced the abandonment of its acquisition of the NFT platform Foundation. Blackdove stated that the original intent behind acquiring Foundation was to enhance its software infrastructure. Due to the rapid progress of the acquisition, due diligence was conducted only after operational handover. However, Blackdove later determined that developing its own platform would be the optimal path forward, leading to the decision to abandon the acquisition. Foundation has now been returned to its founders, Kayvon Tehranian, and the Foundation team.Previously, on January 28, 2026, Blackdove announced its intention to acquire Foundation. Founded in February 2021, Foundation is an NFT platform focused on high-quality digital art, known for its curated model that emphasizes exclusivity, artistic quality, and creator empowerment. It primarily serves digital artists and professional collectors and has received investments from a16z, 1kx, and Coinbase Ventures.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
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