NFTfi to Shut Down as NFT Market Downturn Undermines Operations

NFT lending protocol NFTfi will shut down following a prolonged decline in the NFT market, which has reduced revenue below sustainable operating levels.

Launched in 2020, the platform facilitated over $737 million in total loan volume during its operation. As conditions in the NFT lending sector weakened, it first stopped issuing new loans and has now confirmed a full wind-down, with all services scheduled to end on August 31, 2026.

Source: NFTfi