Blur Ceases Operations on November 12

NFT marketplace Blur will cease operations on November 12. The platform will shut down the website blur.io, but the protocol itself will continue to function.

The BLUR token will retain its governance functions, including the ability to enable and disable fees.

The credit protocol Blend will stop issuing new loans starting November 12. Borrowers must repay their debts by this date, or they risk losing their collateral.

After the service is disabled, users will be provided with a special tool to withdraw assets from Blend.