Update
Blur NFT Marketplace to Close
Blur, the once-largest Ethereum NFT marketplace, is shutting down its website on November 12 after trading volumes plummeted by over 99% from its peak in March 2023. The platform, which once captured over 70% of Ethereum NFT trading volume, now only handles under $7 million in monthly trading. This follows the recent shutdown of its sister project, Blast, which once attracted over $2 billion in assets. The decision to close was not due to operating losses, but rather a decline in trading activity, which has now fallen below $7 million. Blur's underlying smart contracts will remain operational on Ethereum, ensuring the blockchain-based trading system continues to function. The platform's BLUR tokenholders will retain control of its fee switch, a mechanism that allows them to vote on whether the marketplace should start charging trading fees. The decision follows the Oct. 2 announcement from Blast, another project created by Tieshun Roquerre, better known as Pacman, and developed by the team behind Blur.