NFTfi Shuts Down Frontend Website on August 31, Ceases New Loans Effective Immediately

According to PANews, NFT lending platform NFTfi announced on June 11 that it will cease accepting new loans effective immediately and shut down its frontend website app.nftfi.com on August 31, 2026. Existing loans can be refinanced weekly with a maximum 30-day duration until July 31, 2026, and borrowers can repay at any time before August 31. The platform cited declining NFT market size as the reason. Smart contracts already deployed will continue running on-chain, allowing users to repay loans and withdraw collateralized NFTs directly through contracts.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments