Foundation, an Ethereum-based NFT marketplace, is shutting down after a planned acquisition by Blackdove collapsed. The platform confirmed users will be permitted to withdraw and delist assets before it fully ceases operations, giving existing participants a limited wind-down window. Foundation had positioned itself as a curated NFT platform during the 2021-2022 market peak, but sustained sector contraction eroded the commercial case for standalone NFT marketplaces. The failed Blackdove deal removes what appeared to be the last viable exit path. The closure adds to a pattern of NFT platform consolidation and attrition as trading volumes remain well below peak levels despite intermittent activity. Operators and creators holding assets or pending settlements on Foundation should prioritize withdrawal before the shutdown is finalized. The episode reinforces the structural pressure on mid-tier NFT platforms that lack the liquidity depth or broader product suite to weather prolonged low-demand cycles.
Apple has raised MacBook and iPad prices in India by 20% to 42%, citing a sharp surge in memory chip costs driven by AI data centre demand. Micron, the leading memory supplier, reported 86% gross margins, confirming that supply pressures have fundamentally shifted component pricing across the consumer electronics
India's central government will take a 1-2% stake in AI unicorn Sarvam once its $300 million funding round closes, converting compute subsidies provided under the IndiaAI Mission into equity. The move sets a precedent for how the government accounts for public support given to homegrown AI startups.
Apple announced iOS 27 at WWDC 2026, featuring a redesigned Siri as a standalone app with chat history, apps launching up to 30 percent faster, and a refined Liquid Glass interface. A developer preview is live now, with public release expected around September 2026.
Apple's WWDC 2026 keynote unveiled a fully redesigned Siri and confirmed iOS 27 alongside updates for iPadOS, visionOS, watchOS, and macOS. The Siri overhaul is the most strategically significant move, targeting a competitive gap with Google and Microsoft in AI assistants.
