BLUR Price Crashes 30% as NFT Giant Announces Shutdown Plans
Photo: The Coin Republic
Key Insights: BLUR crypto price plunged over 30% following NFT marketplace Blur’s website shutdown announcement. Blend borrowers face repayment deadlines as new NFT lending approaches closure. Blur’s marketplace contracts will remain operational despite the website closure. NFT marketplace Blur triggered a sharp token selloff after announcing plans to close its website. BLUR crypto price fell over 30% on Oct. 13, following the company’s announcement the previous day. The planned Blur shutdown also affects Blend, its non-fungible token lending protocol. The announcement raised questions about the platform’s remaining operations and outstanding NFT-backed loans.
Source: The Coin Republic
