$BLUR Down over 20%! Is the once-leading NFT marketplace really about to exit the stage of history?
On October 12, NFT trading platform Blur announced major changes, sending the BLUR token sharply lower. After the announcement, its price plunged by more than 20% at one point, falling to around $0.015, while its market cap shrank to approximately $44 million.
🔥 Three key announcements:
1. Blur plans to shut down its official website frontend on November 12.
2. NFT lending protocol Blend will stop matching new loans on the same day.
3. The underlying NFT trading protocol will continue to operate on-chain, and BLUR will retain governance rights over the protocol fee switch.
$BLUR
On October 12, NFT trading platform Blur announced major changes, sending the BLUR token sharply lower. After the announcement, its price plunged by more than 20% at one point, falling to around $0.015, while its market cap shrank to approximately $44 million.
🔥 Three key announcements:
1. Blur plans to shut down its official website frontend on November 12.
2. NFT lending protocol Blend will stop matching new loans on the same day.
3. The underlying NFT trading protocol will continue to operate on-chain, and BLUR will retain governance rights over the protocol fee switch.
$BLUR