[NFT Collateralized Lending Platform NFTfi to Shut Down Front-End Website on August 31] NFT collateralized lending platform NFTfi has announced plans to gradually wind down its operations over the coming months, with the front-end website app.(nftfi.com) scheduled to shut down on August 31, 2026. Effective immediately, the platform will no longer initiate new loans. Existing loans can be refinanced for a maximum period of 30 days per cycle until July 31, and borrowers can repay their loans at any time before August 31, 2026. The official statement noted that the contraction of the NFT market has resulted in insufficient potential revenue to cover operational costs. However, the deployed smart contracts will continue to operate independently on-chain, allowing users to repay loans and retrieve collateralized NFTs through the contracts. Detailed operational guidelines will be released before the shutdown.