BLUR price crashes 29% as NFT marketplace plans shutdown

NFT marketplace Blur has announced plans to shut down its website frontend and stop matching new loans through its Blend lending protocol on November 12, 2026, as its BLUR token plunged more than 29% in 24 hours. Blur confirmed the decision in an October 12 post on X, stating that the shutdown would affect only the website interface. Its underlying marketplace protocol will continue operating onchain, while BLUR will retain control over the protocol’s fee switch. The company separately announced that Blend borrowers have until November 12 to repay outstanding loans or allow them to default.

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