Blur is shutting down its website, so why are NFT collectors cheering?

Nonfungible token marketplace Blur, which once overtook OpenSea as the largest NFT marketplace by trading volume, says it is shutting down its website next month — and some NFT collectors couldn’t be happier.Blur made the announcement on X on Monday, its first post on the platform in more than a year. It said the frontend will shut down on Nov. 12, while its onchain marketplace will remain operational. Blend, a peer-to-peer perpetual NFT lending protocol, will also stop matching new loans. Blur said borrowers have until Nov. 12 to repay outstanding loans or allow them to default. It also promised a withdrawal interface after the shutdown. “Good riddance. You destroyed NFTs. Please shut down and never come back,” said NFT collector Cryptobscure in a reply to the post on X. “You may not have been able to complete your mission to destroy NFTs. But you acted with extreme determination and tried everything. Congratulations to us for surviving you,” NFT collector starfruit said in another post.The post renewed criticism of the strategy that helped Blur reach the top of the NFT charts in 2023: optional creator royalties and token rewards that encouraged traders to bid and flip NFTs. Its r...