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Blur to Shut NFT Website as BLUR Sinks and Blend Loans Face Deadline

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Blur will close its web front end on Nov. 12 while keeping its on-chain marketplace and smart contracts running. Blend will stop arranging new loans on the same date, and borrowers with existing loans face a Nov. 12 deadline in one piece that says they must address them before default. One piece also says monthly marketplace trading volume has fallen more than 99% from its 2023 peak.

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Key claims & sources

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Blur will shut its web front end on Nov. 12 and keep its on-chain protocol operating.
Blur Sets Nov. 12 Front-End Closure as BLUR Slides 15%
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Blend will stop arranging new loans on Nov. 12 while the on-chain marketplace stays active.
Blur To Shut Web Front End Nov. 12 as BLUR Token Falls 33%
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Borrowers with outstanding Blend loans must address them by the Nov. 12 deadline or face default, and monthly marketplace trading volume has fallen more than 99% from its 2023 peak.
Blur to Shut NFT Website as BLUR Sinks and Blend Loans Face Deadline

What it means

Blur users and Blend borrowers will notice the change on Nov. 12, when the web front end closes and new loan matching stops. The on-chain marketplace and smart contracts remain active, so the underlying protocol is still there even after the website goes away.

Market reaction i

BlurBLUR the headline names this asset

Blur fell 16.7% in the 4 hours after the first headline, after rising 3.6% in the 2 hours before.

$0.0154 price at the headline
+3.6% 2 h before
-16.7% 4 h after
-21.3% 11 h after (so far)
First headline

47 prices, one every 30 minutes

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 13 06:00