Once-largest Ethereum NFT marketplace Blur is shutting down after volumes collapse 99%

Blur, formerly the largest Ethereum NFT marketplace, is shutting down its website following a 99% collapse in trading volumes. While the closure marks the end of its dominance over OpenSea, some NFT collectors are cheering the move. The decision has revived criticism regarding Blur's royalty policies and token rewards, which allowed the platform to grow rapidly during the NFT boom but caused significant financial harm to creators within the digital art ecosystem.