NFT Marketplace Blur Ceases Operations on November 12

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

The BLUR token will retain its governance role in enabling and disabling fees within the network.

Starting November 12, the Blend lending protocol will stop issuing new loans.

Borrowers must repay their debts by this date, or risk losing their collateral. After the service is disabled, users will have access to a tool for withdrawing assets from Blend.