Blur to Shut Down Frontend and Stop Matching New Blend Loans on November 12; BLUR Plunges Over 16%

NFT marketplace Blur announced it will shut down its frontend on November 12, 2026, while its onchain marketplace protocol will remain operational and BLUR will continue to control the protocol's fee switch. Its NFT lending protocol, Blend, will stop matching new loans on the same date. Borrowers have until then to repay their loans or allow them to default. Blur will subsequently provide a frontend tool for users to withdraw their assets from Blend. Following the announcement, BLUR plunged to a low of 0.01410 USDT before recovering to 0.01523 USDT, down 16.55% over 24 hours, per Binance data. Blur raised $11 million in a seed funding round in March 2022, with investors including Paradigm, eGirl Capital, and 0xMaki. — link