🖼️ NFTfi to Shut Down as #NFT Market Contraction Makes Operations Unsustainable


#NFT lending #protocol NFTfi announced it will shut down after the #NFT market contracted to a size where potential revenue no longer covers operating costs. Since launching in 2020, the #platform has facilitated more than $737 million in loan volume and has stopped originating new loans. Operations are set to conclude on August 31, 2026. #nft
#crypto
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