#blur拟于11月12日停用blur.io前端
Damn, the NFT sector has taken another major hit! Former market leader Blur announced it’s shutting down its frontend, and the news sent $BLUR plunging 30%!
Remember how crazy NFTs used to be?
A single picture of a monkey sold for hundreds of thousands of dollars. Blur attracted hordes of users with trading incentives and airdrops. So many people traded every day, hoping to strike it rich.
Now even Blur is scaling back its business!
According to the project’s announcement, the Blur.io frontend is scheduled to shut down on November 12, 2026. It will also stop matching new loans.
After the news broke, $BLUR reportedly plunged by around 30% at one point!
The most painful part is that people used to rush to trade NFTs. Now even one of the sector’s leading platforms is beginning to exit.
I remain bearish on $BLUR in the short term.
Liquidity in the NFT market is already weak, and the platform scaling back its services will further undermine holders’ confidence. A quick recovery in market enthusiasm seems unlikely in the short term.
For now, I’d rather focus on managing risk in my NFT positions, especially in niche collections with little trading volume.
Of course, the frontend shutting down doesn’t mean all NFTs will disappear, and existing assets won’t automatically become worthless because of it.
That’s the cruelest thing about crypto: the wealth-building opportunity everyone chased last cycle might not even have any liquidity to be found next cycle.
NFTs may see a new cycle someday, but this time, I’m in no rush to buy the dip!
Damn, the NFT sector has taken another major hit! Former market leader Blur announced it’s shutting down its frontend, and the news sent $BLUR plunging 30%!
Remember how crazy NFTs used to be?
A single picture of a monkey sold for hundreds of thousands of dollars. Blur attracted hordes of users with trading incentives and airdrops. So many people traded every day, hoping to strike it rich.
Now even Blur is scaling back its business!
According to the project’s announcement, the Blur.io frontend is scheduled to shut down on November 12, 2026. It will also stop matching new loans.
After the news broke, $BLUR reportedly plunged by around 30% at one point!
The most painful part is that people used to rush to trade NFTs. Now even one of the sector’s leading platforms is beginning to exit.
I remain bearish on $BLUR in the short term.
Liquidity in the NFT market is already weak, and the platform scaling back its services will further undermine holders’ confidence. A quick recovery in market enthusiasm seems unlikely in the short term.
For now, I’d rather focus on managing risk in my NFT positions, especially in niche collections with little trading volume.
Of course, the frontend shutting down doesn’t mean all NFTs will disappear, and existing assets won’t automatically become worthless because of it.
That’s the cruelest thing about crypto: the wealth-building opportunity everyone chased last cycle might not even have any liquidity to be found next cycle.
NFTs may see a new cycle someday, but this time, I’m in no rush to buy the dip!