Blur will close its marketplace website on November 12. Only the frontend goes: the marketplace protocol keeps running on-chain, and BLUR still controls its fee switch.
Blend, Blur's NFT lending protocol, stops matching new loans the same day. Borrowers have until then to repay or let their loans default. After the cutoff, Blur says it will release a tool for withdrawing assets from Blend.
Trading had already dried up: monthly volume fell from $1.43B in March 2023 to under $7M in October. BLUR dropped 20%+ on the news to about $0.015 ($44M market cap).
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