BLUR price crashes 29% as NFT marketplace plans shutdown

NFT marketplace Blur has announced plans to shut down its website frontend and stop matching new loans through its Blend lending protocol on November 12, 2026, as its BLUR token plunged more than 29% in 24 hours. BLUR price plunged 29.1% to $0.01341 as investors reacted to the NFT marketplace's planned website closure announcement. Blur will shut down its website frontend on November 12, while its onchain marketplace remains operational. Blend will stop matching new loans, with borrowers required to repay outstanding loans before November 12.