blurshutdown

NFT volume fell enough that Blur is closing its frontend.

The Block reports the frontend closes next month.

That is a clear sign NFT marketplaces are struggling, and $BLUR holders now watch what the protocol does next.

My view: a frontend closing is not the same as a protocol dying, but demand has clearly cooled.

💬 Is the NFT market coming back: yes or no?

#NFTMarket #BlurShutdown

Blur, once the largest Ethereum NFT marketplace, said its website will close on Nov. 12 and its lending service Blend will stop arranging new loans. Monthly trading volume has dropped from about $1.43 billion in March 2023 to under $7 million in March 2026, a decline of more than 99.5%. The platform charged no trading fees and recorded zero protocol revenue over the past three years despite billions of dollars in NFT trades. Blur’s underlying smart contracts will stay on Ethereum, allowing existing loans to be repaid or withdrawn after the shutdown. The announcement follows the Oct. 2 closure of Blast, another project by founder Tieshun Roquerre, and caused the BLUR token to fall more than 20%.

#BlurShutdown #NFTMarketplace

$BLUR