The Ethereum NFT marketplace Foundation has permanently shut down after its acquisition by BlackDove failed. With no plans for restoration, users must withdraw their NFT assets despite a year of continued media service.

Gate News message. On April 16, according to Gate market data, as of the time of publication, KT (KingdomX) is trading at $0.00056. Within the past 24 hours, it is up 73.93%, with a high of $0.00063 and a low retracing to $0.00029. Its current market cap is approximately $206k. KingdomX is a medieval metaverse chain game, with the game’s core built around an NFT protocol. In the game, users can collect heroes, complete quests, challenge events, participate in wars, and build their own game kingdom through social interaction and territory development. All of the game’s ecosystem is designed around the GameFi protocol; while improving the game’s playability, it preserves the value of in-game assets, so that any user can earn returns through the game and make Token or receive rewards. Kingdom

Gate News message, April 16, according to Gate market data, as of the time of publication, ENJ (Enjin) is currently trading at 0.0924 US dollars. Within the past 24 hours, it has risen 51.85%, reaching a high of 0.0987 US dollars, and falling to a low of 0.05864 US dollars. The trading volume over the past 24 hours reached 3.8813 million US dollars. The current market cap is approximately 180 million US dollars. Enjin is a unified blockchain, wallet, marketplace, and API platform. Its core products include Enjin Blockchain, optimized specifically for games and applications; Enjin Wallet, with 4 million users; the branded NFT trading platform NFT.io; and powerful developer tools. ENJ is the driving force behind the Enjin ecosystem’s …

Gate News update, April 14, last December, a crypto community member @ufukless1 had to pay medical bills due to illness, and minted an NFT priced at $10 on OpenSea; 15k NFTs were fully minted. After that, Rave DAO air-dropped RAVE tokens to all minters. Currently, this airdrop is worth between $200 and $5,000, giving buyers returns of 20x to 500x.

Yuga Labs reached a settlement with artist Ryder Ripps, ending the trademark dispute surrounding BAYC. Ripps and its partners will be barred from using Yuga Labs’ related images and trademarks. The case began in 2022 and involved trademark infringement for an NFT collection.

The NFT market is undergoing a restructuring, and a small number of projects such as Pudgy Penguins and Doodles are shifting from speculation to sustainable brand operations, demonstrating their ability to convert to real businesses. The industry is clearly diverging; NFT projects that rely on scarcity are losing their appeal, and a complete business model needs to be built. Game mechanics are also shifting from “Play-to-Earn” to “Play-to-Own,” emphasizing asset ownership. The trend of tokenizing NFT IP is gaining traction, but there are risks of fragmented governance and declining loyalty. Going forward, projects that can establish genuine demand and form a closed-loop business cycle are more likely to survive.

Gate News message, April 3, Intergaze, a zero-gas-fee chain optimized for NFTs, announced its official shutdown. All users must complete asset withdrawals within 14 days before the bridge is shut down. The NFTs of NFT holders will be migrated to the new platform in the second half of May.

From 2026-04-02 14:30 to 14:45 (UTC), the ETH price surged rapidly, with a return of +1.52%. The price range was 2038.01 to 2071.65 USDT, and the amplitude reached 1.65%. During this period, market attention noticeably increased, capital flows accelerated, and short-term volatility intensified. The main drivers behind this unusual market move are a significant rise in on-chain activity and the innovative effects across the DeFi and NFT ecosystems. Data shows that the number of active Ethereum addresses jumped from 380,000 to 840,000, an increase of as much as 121%. In the same period, the average daily trading volume rose from 1 million to 2.5 million USDT.

Gate News reports that on March 29, despite several digital art projects debuting at the Hong Kong Basel Art Fair, the NFT market overall remains sluggish, showing no clear signs of recovery. Specifically, the listing price for Bored Ape 5278 in the "Bored Ape" series is currently just 7 ETH, down over 100 ETH from its last transaction price, reflecting a significant decline in the valuation of top NFT assets. Once regarded as a rapidly rising asset class, the NFT art market has notably cooled, with both liquidity and price performance continuing to face pressure.