TREE NEWS update: NFT marketplace Blur will shut down its website and stop issuing new Blend loans next month. The platform is winding down as NFT trading volumes have collapsed from their 2021-2022 peak, with market revenue projected at $318 million this year.
Blur to Shut Down Website, End New Blend Loans Next Month
AI take
Blur's wind-down is a structural signal, not just a product sunset: the marketplace that once defined NFT liquidity provision is exiting as trading volumes stay far below the 2021-2022 peak. Ending new Blend loans matters most for borrowers and lenders who treated NFT-backed credit as a durable venue rather than a cycle trade, since the lending rail outlived the trading demand that justified it. The open question is whether NFT credit migrates to surviving venues or simply contracts with the broader market.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
1h ago
Huanghe Whirlwind Unit to Raise Lab-Grown Diamond Rough Prices 10% From Nov 2026
1h ago
Morgan Stanley Tokenizes US Equities and Treasurys via DTCC Service
1h ago
China Leads Two New ISO Logistics Standards, Including First Global Green Logistics Standard
2h ago
Zcash Community Grants Committee Withdraws Proposal to Redirect 98,000 ZEC to Miner Rewards
3h ago
GENIUS Act Does Not Exempt Stablecoin Firms From State Licensing
3h ago
Jump Crypto moves 15M USD1 to BitGo in two transfers