News
Blur to Shut Down Website and Stop Blend Loans Next Month
Blur is shutting down its website next month. The platform is also stopping all new Blend loans starting next month. The upcoming shutdown comes after NFT trading volumes experienced a significant collapse from their peak levels in 2021 and 2022. Current projections place NFT market revenue at $318 million for this year. Both the closure of the Blur website and the halt on new Blend loans are scheduled to take effect next month. NFT trading activity has dropped considerably since the market peak recorded during 2021 and 2022. The overall NFT market is expected to generate $318 million in revenue throughout the current year.