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Foundation

Blockchain-based art marketplace

Foundation logo
101-200 employees
  • B2C
  • B2B
  • Cryptocurrency
  • Marketplace
  • Digital Media
  • Blockchain
  • Art
  • eCommerce
  • Web 3.0
Mission District, San Francisco, CA

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Company mission

To make web3 human, by putting power directly back into the hands of those who create online.

Our take

NTF marketplace Foundation is leading the transition into a new era of the internet that’s decentralized and community-driven. Developed on the Ethereum blockchain, the company’s platform allows users to unlock the full potential of creative and digital ownership within Web 3.0.

Foundation’s carefully curated marketplace only allows invited NFT creators to sell on its platform. As one of the largest NFT marketplaces on the web, the company gained notoriety through the auctioning of Edward Snowden’s first NFT and the Nyan Cat animation.

After being made available to the public, the company earned a revenue of 26,657 Ethers (equivalent to about $86 million) in its first 5 months. By establishing itself within a niche market that is driven and centered around creators, the company has created a space that assures profitability for itself and its artists. Foundation is well set to see continued growth within the growing digital asset market.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Stipend for Home Office Expenses
  • Flexible PTO (minimum of two weeks paid vacation per year, paid holidays, sick days, and mental health days)
  • Medical/Dental/Vision/Disability Insurance
  • Paid Parental Leave
  • Complimentary Membership to One Medical, and Talkspace
  • Remote Work Environment
  • Flexible Hours
  • Employer-Sponsored 401K

Company values

  • Courage - We take big, bold bets that put Foundation in a league all its own
  • Collaboration - We work together to reach heights that no one can achieve on their own
  • Ownership - We are trusted and empowered to make the right decisions within our domains
  • Resilience - With conviction, we face challenges head on. We have the determination and heart needed to realize our ambitious visions for web3

Funding (1 round)

Feb 2021

$0.2m

SEED

Total funding: $0.2m

This company has top investors

Leadership

Kayvon Tehranian

(CEO)

Former Head of Product & Senior of Software Engineering at Dharma Labs. Previous CTO at Universe, Interdisciplinarian at Google, and Business Analyst at McKinsey & Company.

Matthew Vernon

(Head of Design)

Former Lead Product Designer at Dharma Labs. Founder & former Designer at Internetworld, Founder of Neue Goods. Has worked as a Freelance Designer for various companies.

Elpizo Choi

(CTO)

Co-Founder & current Partner at Iterative, Co-Founder & former CTO at Weave Networking. Previously worked as a Senior Software Engineer at various companies, including Harbor Inc., Uber, and Cut.com.