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.
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