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Re:Nyan Cat on the Blockchain by meowkit on Friday February 19, 2021 @04:17PM (#26198138)
No, Foundation seems to be a dapp, so its more like an interface to see the art and transact on it. Its functioning like a brokerage.

The art/payment/ownership is all on Ethereum. They claim to be completely noncustodial https://foundation.app/terms

Re:Nyan Cat on the Blockchain by qqii on Friday February 19, 2021 @11:04PM (#26201457)
The point is anyone can create an NFT platform and upload their own nyan cat to it.