company news

Blur is closing. The NFT market downturn is getting harder to ignore

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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]

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Key claims & sources

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Blur will shut down its trading website on November 12.
Blur to Shut Down Website Nov. 12 as Ethereum NFT Trading Slumps
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Blur’s marketplace contracts on Ethereum will remain operational after the website closes.
Blur is closing. The NFT market downturn is getting harder to ignore
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On the same date, Blend will stop matching new loans.
Blur to Retire Trading Website and End New Blend Loans Nov. 12

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

EthereumETH the event is about this asset
first headline
+0.1% 2 h before
-1.4% 4 h after
$2,527price at publication
12data points

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 07:51
+1 h 39 m
Oct 13 09:31
Cryptonews.com context
Its angle: withdrawing, attributed, announced
+3 h 9 m
Oct 13 11:00
+4 h 36 m
Oct 13 12:27
Crypto Economy adds
Adds $1.4B and $7M, with quotes

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