Blur will shut down its website and halt new NFT loans on November 12, just ten days after sister project Blast announced its closure.
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Blur set Nov. 12 as the date it retires the blur.io interface, saying the marketplace protocol stays live onchain and the BLUR token keeps control of its fee switch. The post NFT...
The shutdown comes as NFT trading volumes have collapsed from their 2021-2022 peak, with market revenue projected at $318 million this year.
Blur’s planned website closure revived criticism of the royalty policies and token rewards that helped it overtake OpenSea during the NFT boom, but hurt creators.
The NFT marketplace's frontend next month while the protocol stays onchain. The BLUR token fell more than 20%.
