Crypto
NFT-collateral loan protocol NFTfi to shut down after six years
NFT-collateral loan protocol NFTfi will gradually shut down its services after a downturn in the NFT market left it unable to cover operating costs. The protocol has already halted new loan issuance. Existing loans can be extended in 30-day increments or transferred to other lenders until July 31. Borrowers can repay principal at any time until Aug. 31. NFTfi will end operations and close its website on Aug. 31.
