# Blur NFT Marketplace to Shut Down Website Frontend, Sending BLUR Token Lower

- URL: https://stocks.freetheai.org/news/blur-nft-marketplace-to-shut-down-website-frontend-sending-blur-token-lower-758811
- Published: 2026-10-12T23:33:15Z
- Category: crypto; sentiment: bearish; impact: high
- Symbols: [KRAKEN:BLURUSD](https://stocks.freetheai.org/symbols/KRAKEN-BLURUSD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Non-fungible token platform Blur (BLUR) announced plans to shut down its website frontend next month, causing its token price to drop more than 20%. While the website will close, the underlying on-chain NFT trading protocol will remain active, and token holders will retain control over protocol fee settings.

The closure comes after a severe decline in platform activity. Blur's monthly trading volume plummeted from roughly $1.43 billion in March 2023 to under $7 million in March 2026. Its reward structure had previously drawn criticism for encouraging wash trading and hurting creator royalty payments. The move also follows wind-down announcements from related layer-2 networks, including Blast, which was founded by Blur creator Tieshun Roquerre.

Looking ahead, Blur's lending service Blend will end new loan matching on Nov. 12. Borrowers must settle their loans by that date or go into default. The project plans to release a dedicated web tool allowing users to withdraw their assets deposited on Blend.

## Key points

- Blur will shut down its website frontend next month, though its on-chain trading protocol remains active.
- The BLUR token fell over 20% to around $0.015, dropping its market capitalization to roughly $44 million.
- Blend lending service will cease matching new loans on Nov. 12, requiring borrowers to repay or default.
- Monthly trading volume collapsed from $1.43 billion in March 2023 to less than $7 million in March 2026.
- A separate web tool will be released for users to withdraw deposited assets from Blend.

## Questions and answers

### Why is the BLUR token dropping?

The BLUR token fell over 20% after NFT marketplace Blur announced it will shut down its website frontend next month and end new loan matching on its lending platform Blend.

### Will the Blur NFT protocol completely shut down?

No, the website frontend is shutting down, but the underlying on-chain NFT trading protocol will remain operational with token holders controlling fee settings.

### What happens to outstanding loans on Blend?

Blend will stop matching new loans on Nov. 12. Borrowers must pay back their loans by that date or default, and users will get a separate tool to withdraw assets.