What is Foundation?

Foundation is a NFT marketplace built on the Ethereum network. It launched in 2021, and it currently boasts 260,000 active members and over 100,000 NFT's for sale. Users must use ETH to bid on auctions on the marketplace. Foundation also prides itself on being more selective about the art it puts up for auction, and NFT creators must be referred to the platform by other creators who have already sold at least one NFT.

The number of mints and the number of unique minters has been very similar over the past year, meaning that most users are only minting one NFT. This is a good sign as it signifies that the platform has been popular not only in terms of number of mints but also in terms of users. The number of mints saw a large increase in late February and early March of 2021, and has since seen a relatively stable number of mints.

The daily number of sales and number of unique buyers has been very similar over the past year, meaning that most users are only buying one NFT daily, instead of a small number of users making up most of the purchasing activity on the platform. After a dip in sales volume in the summer of 2021, sales volume has increased significantly.

Conclusion

The number of NFT mints on Foundation saw a large increase shortly after launch in 2021 and have since been relatively stable. The number of sales on Foundation dipped in the Summer of 2021 but have since increased significantly.