Daily Market Updates: NFT marketplace Blur will end its website and stop new loans next month

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NFT marketplace Blur will end its website and stop new loans next month

Decrypt reports the closure follows a collapse in NFT trading volumes since the 2021 to 2022 peak, with 2025 market revenue projected at $318 million.

Reported · Written up by our desk · Market Structure

NFT marketplace Blur will shut down its website and stop issuing new Blend loans next month, according to Decrypt.

The outlet said the shutdown comes as NFT trading volumes have fallen sharply from their 2021 to 2022 peak.

Decrypt added that NFT market revenue is projected at $318 million this year, underscoring how much the sector has contracted.

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

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NFT marketplace Blur will end its website and stop new loans next month

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Sources

Get the close, explained.