Blur to Close Website and Halt New Blend Loans Next Month
Blur plans to shut its website and stop new Blend loans next month amid a sharp decline in NFT trading since the market’s 2021–2022 peak.
NFT marketplace Blur will close its website and stop offering new loans through Blend next month, according to Decrypt.
The planned changes come against a backdrop of sharply lower NFT trading activity compared with the sector’s peak in 2021–2022.
NFT market revenue is projected to total $318 million this year. The supplied report does not specify an exact shutdown date or explain how existing Blend loans will be handled.
Source: Decrypt
