The Cost of Zero Royalties: Blur Shuts Down Website 🚨📉
NFT marketplace Blur is deprecating its website frontend on 12 November 2026, while halting new loans on its lending protocol Blend. 🛑
Before Blur, OpenSea led the industry with a sustainable economic engine:
🔹 A 2.5% platform fee kept infrastructure reliable
🔹 5% to 10% secondary creator royalties funded art teams and long-term utility
Blur disrupted that balance by reducing marketplace fees to 0% and removing mandatory royalties, incentivizing volume with $BLUR airdrop tokens. 💥🎁
While this drove record volume, it turned collectibles into rapid speculative chips. Wash-traders farmed points while creators lost their primary revenue stream. Without income, roadmap innovation dried up. 🛑🎨
With website access closing and smart contracts remaining upgradeable on-chain, security researcher 0xQuit advises users to revoke legacy approvals. 🛡️⚠️
Did zero royalties end up hurting the NFT market? 👇
#NFT #Blur #OpenSea #Crypto #Web3
NFT marketplace Blur is deprecating its website frontend on 12 November 2026, while halting new loans on its lending protocol Blend. 🛑
Before Blur, OpenSea led the industry with a sustainable economic engine:
🔹 A 2.5% platform fee kept infrastructure reliable
🔹 5% to 10% secondary creator royalties funded art teams and long-term utility
Blur disrupted that balance by reducing marketplace fees to 0% and removing mandatory royalties, incentivizing volume with $BLUR airdrop tokens. 💥🎁
While this drove record volume, it turned collectibles into rapid speculative chips. Wash-traders farmed points while creators lost their primary revenue stream. Without income, roadmap innovation dried up. 🛑🎨
With website access closing and smart contracts remaining upgradeable on-chain, security researcher 0xQuit advises users to revoke legacy approvals. 🛡️⚠️
Did zero royalties end up hurting the NFT market? 👇
#NFT #Blur #OpenSea #Crypto #Web3