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According to Wu’s information, the NFT lending protocol NFTfi announced that, as the NFT market continues to shrink to a size that can no longer support its operating costs, the platform will gradually shut down (Sunset) over the coming few months. Over the six years since it launched in May 2020, NFTfi has processed more than $737 million in total loan volume, and there has never been any NFT loss in its smart contracts. The official announcement says that, effective immediately, the platform will stop issuing new loans; existing loans can still be redistributed/refinanced within 731 days (up to 30 days per cycle). Borrowers may repay as usual at any time before August 31, 2026. The platform plans to officially end operations on August 31, 2026 and take down the front-end official website.