Author: Somatirtha Purohit
Somatirtha Purohit
Somatirtha is a journalist covering cryptocurrency, blockchain infrastructure, and the evolving intersection of global finance and technology. He tracks institutional adoption of digital assets, focusing on regulation, tokenisation, and cross-border payment systems. His work explains complex financial shifts with clarity and precision, helping readers understand how crypto is reshaping traditional banking, market structures, and the future of money.
Foundation NFT marketplace will shut down after its acquisition deal with Blackdove collapsed, forcing the Ethereum-based platform to halt operations while allowing users to withdraw assets amid a broader slowdown in NFT marketplaces. Once a key player in the NFT boom, the Ethereum-based platform Foundation will wind down operations after a proposed acquisition by Blackdove fell through, highlighting ongoing challenges in sustaining NFT marketplaces despite continued user interest in digital assets. Founder and CEO Kayvon Tehranian confirmed that the company could not continue operations sustainably after negotiations with Blackdove ended without a deal. He said the team explored multiple options…
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