Blur is closing. The NFT market downturn is getting harder to ignore
- Published
Blur will retire its trading website on Nov. 12, while its on-chain marketplace contracts on Ethereum stay live and its Blend lending service stops matching new loans. The change removes the main web interface for trading, but not the underlying contracts. [47360] [47406]
Key claims & sources
What it means
Users who use Blur’s website will notice the change on November 12, because the trading interface is set to be retired that day. The on-chain marketplace contracts on Ethereum will still remain operational, so the underlying contracts stay live even as the web front end goes away.
In practice, the part that stops is the website interface and the matching of new Blend loans; the contracts themselves are not described as shutting down. That means the venue’s on-chain side remains available while the main access point and new loan matching end on the same date.
Market reaction i
Ethereum fell 1.4% in the 4 hours after the first headline, after rising 0.1% in the 2 hours before.
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Coverage timeline
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