Blur, an NFT marketplace that once passed OpenSea to become the largest by trading volume, says it will shut down its website next month. Cointelegraph reported the plan on Oct 13, 2026. Some NFT collectors have reacted with open approval instead of regret.
The closure has brought back old complaints about how Blur grew. Critics point to its royalty policies and its token rewards. Those two things helped Blur overtake OpenSea during the NFT boom, but critics say they did so at the expense of the creators who make the NFTs.
So the dispute is between the marketplace and the creators, with some collectors siding against Blur. The report gives no exact shutdown date, only next month. It also does not say why Blur is closing the website, or what happens to the rest of its operations.
For anyone already holding a perpetual futures position on Bitget, Bybit, MEXC or OKX, this news changes nothing directly. The report names no token, no futures contract and no exchange, and says nothing about funding rates, fees or liquidity. It concerns an NFT marketplace's website, not the derivatives markets this site measures.
Source: cointelegraph — Blur is shutting down its website, so why are NFT collectors cheering?