Shouldn’t dull from that, but it will rust and can be hard to sharpen. I don’t like d2, and for budget steels I vastly prefer 14c28n or Nitro v. You lose some edge retention, but they are FAR tougher, stainless, much easier to sharpen, and you can take the edge thinner since they are so tough, which in turn improves edge retention. I think the reason d2 would be used over these is just name recognition.
In fact, I prefer those steels over m390 or s30v too. I think edge retention can be overvalued by many, and toughness undervalued, even in folders.