Blur discontinued providing user contacts, but the protocol on the blockchain continues to operate.

Blur will shut down the marketplace's websiteNFT on November 12,2026 as announced, but the platform won't disappear altogether since the protocol will still run on chains and the BLUR token will continue to have a role in controlling the system's fee switch mechanism.

On the same day, Blur's lending platform Blend will stop matching new loan contracts, giving borrowers time until their due date to repay or risk default. Users who still have assets in blend will receive an asset redemption tool after expiry, according to the announcement.

From OpenSea's competitor to a recession.

Blur raised an initial $11 million funding round in March2022 and became a major competitor to OpenSea, targeting traders.NFT Professional After its launch in October, Blur attracted users with zero marketplace fees, multiple simultaneous trading tools, and token prizes. The launch of the BLUR token in February2023 increased activity on the platform while Blend later expanded Blur into secured credits,NFT primarily by December.2023 Blur dominated80% portions of the market.80%

However, declining volumesNFT and weakening credit demand gradually undermined Blur's position even in the first quarter of the year,2024 still maintaining its advantage after recording a trading value1.5 of US$1 billion but by 2008.2025 OpenSea was recovering market share while Blend moved in the opposite direction. In April,2026 KuCoin removed BLUR's cross-margin trading partner from the platform and two months later Binance placed the BLUR token under Tag Monitoring.CryptoPotato

The shutdown of the crypto platform and Web3 in 2009.2026

In 2017, several crypto and Web3 platforms announced their closure or termination of operations, such as Nifty Gateway which was the platformNFT and Rodeo AppSocial for collectibles announced plans to cease operations while Foundation announced its shutdown in April after a failed sale deal.

The news of Blur comes less than two weeks after Blast announced it would shut down on October 2, both projects founded by Tieshun Roquerre, the founder of blur also known as Pacman and developed by the same team. Blast is an Ethereum expansion network that disclosed it will cease operations just over two years after its launch, stating that Chen's economics of operation are no longer rational; activity on the subsea network makes it impossible to cover operating costs.2026

Meaning to the user.

For users, the shutdown means that traditional access points will be discontinued. The blockchain protocol and mechanisms by which BLUR controls fee switches remain in place, while Blend is scheduled to stop matching new loan contracts on November 12.2026 This leaves borrowers with timely repayments and those who still have assets in the system without an expiration tool, according to a report that first appeared above.CryptoPotato