The NFT lending platform will cease operations by August 31, 2026, after facilitating $737 million in loans since 2020.
NFTfi will shut down after the NFT market’s contraction left its revenue unable to cover operating costs. The platform, launched in 2020, has processed over $737 million in loan volume but stopped issuing new loans ahead of its closure on August 31, 2026.
The decision reflects broader declines in NFT trading activity, which has fallen sharply from its 2021-2022 peak. NFTfi’s loan volume had previously supported liquidity in the digital asset space, but shrinking demand made continued operations unsustainable.
No immediate market reaction was reported following the announcement.