Blur will shut down its frontend on November 12, 2026. But the NFT marketplace won’t disappear. Its protocol will keep running on-chain, and the BLUR token will still control the fee switch.
The same date also marks a change for Blend, Blur’s lending platform. It will stop matching new loans, giving borrowers until then to repay or risk default. Users who still have assets on Blend will get a withdrawal tool after the deadline, according to the announcement.
What Happened to Blur?
Blur raised $11 million in seed funding in March 2022 and emerged as a major rival to OpenSea, targeting professional NFT traders. After launching in October, it attracted users with zero marketplace fees, bulk trading tools, and token rewards. Its BLUR token launch in February 2023 brought a wave of activity, while Blend later expanded Blur into NFT-backed lending. By December 2023, it commanded 80% of the NFT market’s share.
Blur still maintained its lead in Q1 2024 after recording $1.5 billion in volume. However, falling NFT activity and declining lending demand gradually weakened its position. By 2025, OpenSea was recovering market share, while Blend went in the opposite direction. In April 2026, KuCoin removed BLUR cross-margin trading. Two months later, Binance placed the token under its “Monitoring Tag.”
Shutdowns in 2026
2026 has seen several crypto and Web3 platforms announce shutdowns or wind-downs. NFT platform Nifty Gateway and social collecting app Rodeo announced plans to wind down, while Foundation announced its closure in April after a sale fell through. Meanwhile, Blur’s news comes less than a fortnight after Blast announced it would close on October 2.
Interestingly, both projects were created by Blur founder Tieshun Roquerre, better known as Pacman, and developed by the same team. Blast, an Ethereum scaling network, also revealed it was ceasing operations just over two years after launch. It said that “the economics of operating the chain no longer make sense.” Activity on the network had faded, which left it unable to cover its running costs.
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