NFT Marketplace Blur to Shut Down Website, Stop New Blend Loans Next Month — SkimNews
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- Blur will deprecate its blur.io frontend on November 12, 2026, though the marketplace protocol will remain operational on-chain and BLUR token holders will retain control of its fee switch
- Blend, Blur's peer-to-peer NFT lending platform, will stop matching new loans the same day, and borrowers must repay or let loans default before then — Blur said it will provide a tool afterward to help users withdraw their assets
- Statista projects global NFT market revenue at $318.3 million in 2026, essentially flat on last year and well below 2021 and 2022 peaks
- Monthly NFT sales volume fell to $167.2 million in September, down from $554.8 million a year earlier and $1.78 billion in December 2023, per CryptoSlam — a fraction of the multibillion-dollar months recorded at the 2021–2022 peak
- Blast, the Ethereum layer-2 network launched in November 2023 by the Blur team, said earlier this month it is shutting down because costs exceed revenue, and has given users until October 26 to withdraw through its interface
- Blur launched in 2022 with a trader token airdrop and quickly overtook OpenSea in trading volume, though critics later questioned whether its incentives helped crash NFT prices
Why it matters: Blur's website deprecation, paired with the team already winding down the Blast L2 network, signals a full retreat from the on-chain products that once defined its ecosystem — and with monthly NFT sales at $167.2 million versus a $1.78 billion peak, the platform is closing its consumer-facing front door at one of the market's weakest points.
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