NFTfi to Gradually Shut Down, With Front-End Service Ending by Late August 2026

NFT peer-to-peer lending protocol NFTfi said it will gradually shut down over the coming months, with its front-end page scheduled to stop service by late August 2026. According to Foresight News, the team said the NFT market has contracted to a level that can no longer support the protocol’s operating costs, and potential revenue is insufficient to cover expenses. The team added it cannot continue subsidizing operations amid uncertainty, leading to the shutdown decision. Under the wind-down plan, NFTfi is no longer accepting new loans. Existing loans can be refinanced until July 31, with each refinancing term capped at 30 days. Borrowers can repay at any time until August 31, 2026. After the front end goes offline, the smart contracts will remain deployed on-chain and continue operating autonomously. Users will still be able to repay and claim collateral directly through the contracts.