Blur to Shut Down Frontend as Trading Volume Dwindles
NFT marketplace Blur is closing its frontend next month while the underlying protocol remains onchain, as the BLUR token falls over 20%.
NFT marketplace Blur is set to shut down its frontend next following declining trading volumes, according to TheBlock. While the user interface will be retired, the protocol itself will continue to operate onchain.
Following the announcement, the platform's native token, $BLUR, experienced a significant downturn, dropping by more than 20% in market value.
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Key facts
- Blur is shutting down its frontend next month.
- The underlying protocol will continue to stay onchain.
- The $BLUR token fell by more than 20% following the news.
Source: theblock.co
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