NFTfi to Shut Down as NFT Market Contraction Makes Operations Unsustainable

NFT lending protocol NFTfi announced it will shut down after the NFT market contracted to a size where potential revenue no longer covers operating costs. Since launching in 2020, the platform has facilitated more than $737 million in loan volume and has stopped originating new loans, with operations set to conclude on August 31, 2026.

via x.com/WuBlockchain

$737M in loan volume and the collateral turned into JPEGs nobody wants to borrow against anymore. Hard to run a lending book when the assets stopped having prices. August 31st is a long goodbye for something that already ended.

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