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I just found out that Foundation, that NFT marketplace that was on Ethereum, has finally shut down. It's not that it went bankrupt out of nowhere, but the founder Kayvon Tehranian announced on X that they had tried to sell the platform to someone who wanted to keep it running, but the deal didn't materialize. In the end, they decided it wasn't worth continuing to look for buyers and simply turned everything off.
It's a bit strange because a few years ago, the crypto and NFT markets seemed like they were going to explode, but well, it looks like Foundation couldn't stay afloat. They have already deactivated all the infrastructure and have no plans to revive the project. I guess that's what happens when projects fail to adapt to the market, right? What do you all think, do you believe more NFT platforms will shut down?