Deep Tide TechFlow News, June 11 — NFT peer-to-peer lending protocol NFTfi recently announced that it will gradually shut down over the coming months, with the front-end interface scheduled to cease service by the end of August 2026. The team stated that the NFT market has shrunk to a scale that can no longer support the protocol's operational costs, and potential revenue is no longer sufficient to cover operating expenses. The protocol cannot continue subsidizing operations under uncertainty, so a shutdown decision has been made. According to the shutdown plan, new loans will no longer be accepted, and existing loans can be refinanced until July 31 (for up to 30 days each time). Borrowers can repay at any time before August 31, 2026. After the front-end goes offline, the smart contracts will continue to be deployed on-chain and operate autonomously. Users can still directly repay loans and claim collateral through the contracts.