Wu Says learned that the NFT lending protocol NFTfi announced that, due to the ongoing contraction of the NFT market to a size that can no longer support its operating costs, the platform will gradually shut down (Sunset) over the coming months. Over the six years since it went live in May 2020, NFTfi has cumulatively processed more than $737 million in loan volume, and the smart contract has never experienced any loss of NFTs. In the official announcement, it stated that, effective immediately, it will stop issuing new loans. Existing loans may still be reallocated/refinanced within 731 days (up to 30 days per cycle). Borrowers may make repayments at any time before August 31, 2026 as usual. The platform plans to formally end operations on August 31, 2026 and take down the front-end official website.

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GateUser-7df43e29
· 3h ago
Not until August 2026 will it be fully shut down—giving plenty of buffer time is only proper. Borrowers, remember to repay early to avoid pitfalls.
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Low-PolyEarth
· 4h ago
NFTfi is actually shutting down. I used it a few times back in the day, and the smart contracts were indeed reliable. Unfortunately, the track didn't hold up.
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NeonUmbrella
· 4h ago
737M in loans, a clean safety record, but the ending is sunset, the cruelty of Web3 lies in the fact that: the technology is fine, but the market says no
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PfpArchaeologist
· 4h ago
六年零丢币挺难得的,但 NFT 抵押借贷这模式,市场冷了确实玩不转,唏嘘
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