🫡 Blur, the largest NFT marketplace, is shutting down
A few parting words 👇
Blur was OpenSea’s main competitor and changed the way people traded NFTs:
Zero fees, the $BLUR token with airdrops for active users, advanced tools for traders, large-scale NFT buying, and loans backed by collectible tokens through Blend. All this made Blur one of the symbols of the NFT boom.
Now that era is coming to an end. The $BLUR token has already lost more than 33% of its value.
But there’s a catch: only the website is shutting down, not the on-chain protocol itself. Blend will stop issuing new loans, though. The marketplace’s smart contracts will continue to work, and the $BLUR token will retain its role in governing the protocol’s fee mechanism.
🙈 Amid the news, holders of top NFT collections are rushing to exit their positions while the website is still up:
• BAYC: -15%
• Milady: -7%
• Pudgy Penguins: -16%
• Azuki: -19%
NFT giant CryptoPunks remains unshaken: 0.00%
A few parting words 👇
Blur was OpenSea’s main competitor and changed the way people traded NFTs:
Zero fees, the $BLUR token with airdrops for active users, advanced tools for traders, large-scale NFT buying, and loans backed by collectible tokens through Blend. All this made Blur one of the symbols of the NFT boom.
Now that era is coming to an end. The $BLUR token has already lost more than 33% of its value.
But there’s a catch: only the website is shutting down, not the on-chain protocol itself. Blend will stop issuing new loans, though. The marketplace’s smart contracts will continue to work, and the $BLUR token will retain its role in governing the protocol’s fee mechanism.
🙈 Amid the news, holders of top NFT collections are rushing to exit their positions while the website is still up:
• BAYC: -15%
• Milady: -7%
• Pudgy Penguins: -16%
• Azuki: -19%
NFT giant CryptoPunks remains unshaken: 0.00%