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Blur shuts NFT marketplace site, canceling bids and listings

Blur closed its official NFT marketplace website and canceled bids and listings placed there, while keeping the onchain protocol and BLUR fee switch active and opening an asset recovery route.

Blur Shuts Down NFT Marketplace Website, Cancels Open Bids and Listings
WitnessBlur Shuts Down NFT Marketplace Website, Cancels Open Bids and ListingsMichał Kubalczyk / unsplash

Outputs

  1. Blur shut down its official NFT marketplace website and canceled all bids and listings placed there.

  2. The onchain marketplace protocol remains active and the BLUR fee switch remains enabled.

  3. Recovery covers two categories: ETH held in Blur pools and NFTs or ETH tied to unsettled loans.

  4. No recovery deadline or replacement website was announced.

By Daniel Okafor

Blur has canceled all bids and listings previously placed through its official NFT marketplace website, according to the platform's shutdown notice. Blur says the onchain marketplace "will remain active," and the fee switch for the BLUR token remains enabled, leaving the protocol and its token mechanism in place after the web front end closes.

What did Blur close?

The action applies to the official website and the orders entered through it. Those previously placed NFT bids and listings are no longer open through Blur's interface. The underlying marketplace protocol will continue running onchain. Blur therefore describes a website shutdown, not a shutdown of the marketplace itself.

The separation matters for users checking the status of existing orders. The closed interface cannot be treated as a live venue for those bids and listings because Blur canceled them. The notice does not announce a protocol shutdown, a replacement for the website's order book or any change to the enabled BLUR fee switch.

Which assets can users recover?

A page associated with the shutdown gives users a route to "recover eligible assets" that still belong to them. The recovery path covers:

  • Ether (ETH) balances held in Blur pools.
  • NFTs or ETH connected to loans that have not been settled.

The page addresses two asset categories: ETH still held in Blur pools, and NFTs or ETH linked to unsettled loans. Its stated scope is limited to eligible assets that remain attributable to users. It does not turn the canceled bids and listings back into open orders.

Does the protocol still trade?

Yes, at the protocol level. Blur says the onchain marketplace will remain active and continue running. The website closure does not switch that mechanism off, and the fee switch for BLUR also stays enabled.

That leaves the market structure divided between a closed web front end and a continuing onchain marketplace. Any remaining activity at the protocol level sits outside the canceled orders entered through the former website. Blur did not identify a replacement web interface or say that those orders would carry over.

What should users do with the recovery page?

Users with ETH in Blur pools or NFTs or ETH tied to unsettled loans fall within the two categories named in the shutdown material. The recovery page gives them a route to recover those eligible assets; the announcement does not provide a recovery deadline.

Users should also keep the shutdown and recovery processes separate. Recovering an eligible asset does not restore a canceled bid or listing, because Blur said those orders are no longer open through its interface. The announcement also does not specify a replacement website.

What is the next checkpoint?

The next operational checkpoint is any Blur update on the recovery page and on access to the active onchain marketplace. No recovery deadline or replacement site was announced; until either changes, the market structure remains a closed front end, canceled website orders and a continuing onchain protocol with the BLUR fee switch enabled.

via tokenpost.com (Source)

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Daniel Okafor

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Correspondent covering people, launches and day-to-day practice in crypto and web3 industry at Mempool Brief.

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