Ethereum News: NFT Sector Takes Fresh Hit as Blur Set to Close

In Ethereum news today, Blur will close its website on November 12, 2026, and stop arranging new loans through Blend, while its Ethereum marketplace contracts remain operational on-chain. Monthly trading volume fell from about $1.43Bn in March 2023 to less than $7M in March 2026, a decline of more than 99.5%, according to X user @StarPlatinum. This is not a complete protocol shutdown. The official interface is being withdrawn, but marketplace contracts will continue to operate, leaving open the possibility that other interfaces can connect to them. The downfall of Blur explained: March 2022: – raises $11M in seed funding– plans to challenge OpenSea– focuses on professional NFT traders October 19, 2022: – Blur marketplace launches– zero marketplace fees– faster trading interface– bulk NFT purchases and listings-… https://t.co/DYhahlb6tq pic.twitter.com/mtg05WBpuK — StarPlatinum (@StarPlatinum_) October 12, 2026 Ethereum News: What the November 12 Closure Means for Blend Blur’s website will close on November 12, the same date that Blend will stop matching new loans. Borrowers have until then to repay outstanding loans or allow them to default under the applicable protocol rules. Blur...