Wu Blockchain (@WuBlockchain): NFTfi to Shut Down as NFT Market Contraction Makes Operations Unsustainable
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Impact unavailable
NFTfi to Shut Down as NFT Market Contraction Makes Operations Unsustainable NFT lending protocol NFTfi announced it will shut down after the NFT market contracted to a size where potential revenue no longer covers operating costs. Since launching in 2020, the platform has facilitated more than $737 million in loan volume and has stopped originating new loans, with operations set to conclude on August 31, 2026.