NFT Marketplace Blur to Shut Down Website, Stop New Blend Loans Next Month

In brief

• Blur will deprecate the frontend of its NFT marketplace at blur.io on November 12, though the marketplace protocol will remain operational on-chain.
• Its NFT lending platform Blend will stop matching new loans the same day, and borrowers must repay or let their loans default before then.
• Statista projects global NFT market revenue of $318.3 million in 2026, well below its 2021 and 2022 peaks.

Ethereum NFT marketplace Blur will shut down its website on November 12, the company said.

The deprecation applies only to the blur.io frontend. The Blur marketplace protocol will remain operational on-chain, and holders of the BLUR token will continue to control its fee switch, the team said.

Blend, Blur's peer-to-peer NFT lending platform, will stop matching new loans on the same date. Borrowers have until then to repay their loans or allow them to default, and Blur said it will provide a tool afterward to help users withdraw their assets from Blend.

Blur and the NFT market

Blur launched in 2022 with a token airdrop to traders, and quickly overtook OpenSea in trading volume. Critics later questioned whether its incentives helped crash NFT prices.

The NFT market has since shrunk sharply. Global NFT market revenue is projected at $318.3 million in 2026, essentially flat on last year, according to Statista, well below its peaks in 2021 and 2022.