October 13th 2026, 11:00 AM
Blur Shuts Down Website, NFT Borrowers Must Repay Loans by November 12
Key Summary
NFT marketplace Blur announces the shutdown of its website frontend on November 12, 2026, while its underlying protocol will continue to operate on-chain. Existing borrowers have until then to repay their loans or face default, while the native token BLUR will control the protocol's fee switch. This move follows a collapse in trading volumes and a year-to-date drop of 52% in the token's price.
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Background
In an unexpected turn of events, Blur, known as the largest marketplace for trading Ethereum NFTs for so long, has announced plans to wind down certain operations. Effective on the 12th of November, 2026, Blur will go through the deprecation of its website frontend.Impact on Users
So post the aforementioned date, the existing Blur website interface will not remain available for its usual marketplace functions. However, this does not mean that the underlying Blur marketplace protocol will shut down completely. In fact, the protocol will continue operating on-chain, wherein its smart contracts and blockchain-based functionality will remain in place.Lending Protocol Changes
Moreover, Blur also announced that Blend (Blur’s NFT lending protocol) will stop matching new loans on the 12th of November, 2026. The team added, Borrowers have until then to repay their loans or allow them to default. After this date, we will provide a frontend tool to help users withdraw their assets from Blend.Token Price
Yet despite all these major changes, Blur has clarified that its native token, $BLUR, will continue to control the protocol’s fee switch. This coincided with BLUR trading at $0.0134 after a drop of 28.8% in the past 24 hours and a year-to-date drop of 52%.#NFT#Ethereum#CryptoShutdown#SEC