TechFlow reported on June 11 that NFTfi, a peer-to-peer lending protocol for NFTs, has announced that it will gradually wind down over the coming months. According to the shutdown plan shared by the team, NFTfi’s front-end interface is scheduled to stop operating by the end of August 2026.
The NFTfi team said the NFT market has contracted to a size that can no longer support the protocol’s operating costs. It stated that potential revenue is no longer sufficient to cover operating expenses, and that the protocol cannot continue subsidizing operations under ongoing uncertainty. On that basis, the team decided to proceed with the shutdown.
Under the announced plan, NFTfi is no longer accepting new loans. Existing loans may be refinanced before July 31, with each refinancing capped at a maximum term of 30 days. Borrowers may repay at any time before August 31, 2026. After the front end goes offline, the smart contracts will remain deployed on-chain and continue to run autonomously, allowing users to interact directly with the contracts to complete repayments and claim collateral.