NFT Marketplace Blur to Shut Down Website, Stop New Blend Loans Next Month
60-second summary
Blur announces it will close its website and halt new Blend loans next month, citing sharply reduced NFT activity; trading volumes have collapsed from the 2021‑2022 peak and projected market revenue falls to $318 million this year, prompting the platform to cut services and signaling further consolidation and reduced liquidity across the NFT sector.
The shutdown comes as NFT trading volumes have collapsed from their 2021-2022 peak, with market revenue projected at $318 million this year.