"Foundation is culture's stock exchange — a new medium for creators to release their limited-edition work as tokens on the Ethereum blockchain. Each token can be bought and sold in a bonding curve/AMM marketplace, and each whole token can be redeemed/burnt to receive a delivery of an item out of the limited edition collection. Since launching in May, Foundation has facilitated over $65K in trading volume. 8 creators have dropped so far, with a total of 21 live products, each with their own markets."
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on:
- Programming language used:
How it works
Privacy Method being used
Oracle Method being used
Their Other Projects
Self Funding Mechanism
- Can be found [Insert link here].
- Bug bounty program can be found [insert here].
Projects that use or built on it
"Art: Signe Pierce is the leading artist on Foundation to date. Her work has accumulated ~$20k in trading volume. $UPER is the highest-traded token to date, doing $10k+ in volume, and seeing a total price increase of 103.15%.
Music: PLS&TY dropped the first vinyl record on Ethereum. Over 50% of the collection was sold within the first 24 hours, and has seen a total price increase of ~50%.
Fashion: Neue Goods released a crypto-inspired streetwear line, which has accumulated over $22k in trading volume. Each item in the collection has seen a total price increase of over 200%.
Design: Studio Zollo released a handmade brass matchbox as $FIRE — over 60% of the drop was sold within the first 24 hours, generating trading volume of $2.4k. And GlitchTextiles released a woven blanket with a design generated by Foundation's bytecode — accumulating over $5k in trading volume."
Pros and Cons
Team, Funding, Partnerships, etc.
- Full team can be found [here].
- Kayvon Tehranian; CEO