Blur NFT Marketplace to Shut Down Website and Halt New Blend Loans
Blur will discontinue its main website and new Blend loan services next month amid declining NFT market activity.
Blur will discontinue its main website and new Blend loan services next month amid declining NFT market activity. This is an original Criptano brief synthesising 2 outlets (Decrypt, Crypto Daily), plus live market data, as of Thu, 15 Oct 2026 11:46:23 UTC.
The shutdown reflects the broader downturn in NFT trading volumes and could impact liquidity for existing Blend loans while users transition to alternative platforms.
- Blur.io website to shut down on November 12.
- New Blend loan matching will cease, but protocol remains on-chain.
- Decision comes amid NFT market revenue drop to $318M in 2023.
- Blend TVL at $138.26M, down 8.7% in the past week.
Decrypt and Crypto Daily both report that Blur will shut down its main website (blur.io) on November 12 and halt new Blend loan matching. They agree that this decision is linked to the sharp decline in NFT trading volumes, with the market projected to generate only $318 million in revenue this year, down from its 2021-2022 peak. However, Crypto Daily provides the additional detail that while the website will be deprecated, the marketplace protocol will continue to operate on-chain.
Blur, a major NFT marketplace, has announced it will shut down its main website (blur.io) on November 12 and discontinue new Blend loan matching services. This decision comes as the NFT market experiences a significant downturn, with trading volumes collapsing from their 2021-2022 highs.
According to Decrypt, the NFT market is projected to generate only $318 million in revenue this year, a dramatic decrease from its peak. The Blend platform, which offers NFT-backed loans, will stop accepting new loan requests, though the protocol itself will remain operational on-chain.
Multiple outlets confirm that the shutdown is a direct response to the declining NFT market. Crypto Daily emphasizes that while the website will be deprecated, the core marketplace protocol will continue to function, suggesting a strategic shift rather than a complete exit.
The decision follows a broader trend of contraction in the NFT space, with many platforms struggling to maintain liquidity and user engagement. The Blend platform's Total Value Locked (TVL) currently stands at $138.26 million, according to DeFiLlama, representing an 8.7% decrease over the past week.
In the broader market context, the total crypto market cap is $2.81 trillion, with 
Bitcoin down 2.19% in the last 24 hours. The overall market sentiment, as measured by the Fear & Greed Index, remains neutral at 53. The shutdown of Blur's website and loan services underscores the challenges faced by NFT platforms in the current market environment.
Figures and sectors in this story, checked live against on-chain aggregators · October 15, 2026.
Criptano reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Blur NFT Marketplace to Shut Down Website and Halt New Blend — questions & answers
What will happen to existing Blend loans?
The protocol will remain operational on-chain, but new loan matching will cease.
Why is Blur shutting down its website?
The shutdown is due to the sharp decline in NFT trading volumes and market revenue.
When will the Blur website shut down?
The blur.io website will be deprecated on November 12.
Which outlets reported this story?
This is an original Criptano brief that synthesises reporting from Decrypt, Crypto Daily, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Criptano brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.