Meet NFT marketplace Foundation (FND) – maybe the biggest in the industry when it comes to crypto art. The semi-selective platform does a great job of putting artists and its community of collectors front and center. To be sure, this makes it one of the most popular NFT marketplaces out there, particularly when it comes to 1-of-1 crypto art. Accordingly, Foundation.app is selective and hard to get into as a new artist.
So, how do you get accepted in foundation? And why would you want to buy NFTs on this marketplace anyway? Let’s dive into Foundation, who it’s for, and how to use it.
What is Foundation?
To sum up, Foundation is an Ethereum NFT marketplace focused on creating a strong community of NFT creators and collectors. The crypto art platform first announced itself in May 2020, going on to launch in February 2021. Since then the marketplace has amassed over 260,000 users, with over 180,000 NFTs on the marketplace.
Not to mention that creators on the platform have earned a combined 54,992 ETH – about $155 million at the time of writing.
How to get started on Foundation.app
Firstly, anyone with a MetaMask wallet and ETH can create a profile and collect NFTs on FND. All you’ll need is a MetaMask wallet and ETH.
How To Buy An NFT on Foundation Marketplace
Buying on the primary market involves bidding on art auctions (more on that below). If you place the winning auction bid you can then claim your NFT. After claiming, you’ll receive the NFT in your wallet and it will show up on your Foundation.app profile.
Can I sell NFTs on Foundation?
After that you have bought an NFT, you can display it in your virtual gallery. Or you could sell it on the secondary market. If you want to resell an NFT from Foundation on a different NFT marketplace, you can always transfer it out and then sell it.
How To Find New NFTs on Foundation.app
The Foundation marketplace has a clean and simple layout, making it easy to browse through NFTs. Its homepage contains both the top trending auctions, as well as curated sections of featured collections, NFTs, and creators. Users can also search through the hundreds of thousands of NFTs on the marketplace by media type, primary or secondary sale, and by price.