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NFT marketplace X2Y2 shuts down after 3 years, pivots to AI

Summary by Cointelegraph

Non-fungible token (NFT) marketplace X2Y2 announced it is shutting down after three years of operation.According to a March 31 announcement, X2Y2 will shut down on April 30, with the team switching its focus to an artificial intelligence project. The team shared its enthusiasm for the rapidly growing sector:“It’s a pivot. Over the last 12 months, we’ve been diving deep into AI—hands down the biggest paradigm shift we’ll see in our lifetimes—and …

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cryptoshrypto.com

X2Y2 Shuts Down NFT Marketplace, Pivots to AI-Powered Platform - CryptoShrypto

After three years of operation, NFT marketplace X2Y2 has announced it will cease operations by April 30, 2025, marking a significant shift as the team pivots to focus on artificial intelligence. The decision, shared in a March 31 statement, signals a new chapter for the company amid ongoing transformations in the crypto and digital asset landscape. Describing the transition as a “pivot,” the X2Y2 team expressed enthusiasm about AI, calling it “t…

11 hours ago

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NewsDio

NFT Marketplace X2Y2 Shuts Down, Shifts Focus to AI

X2Y2, a popular NFT marketplace, has revealed that it will be closing down on April 30 after operating for three years. The team has opted to move its attention to artificial intelligence (AI), which they feel is the future of technology. In their announcement, X2Y2 shared their excitement about AI, calling it the “biggest change we’ll see in our lifetime.” They plan to use AI to create a new crypto project that provides real value rather than j…

14 hours ago

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FinanceFeeds

X2Y2 Shuts Down After Three Years, Pivots To AI Future - FinanceFeeds

Ethereum-based NFT marketplace X2Y2 will shut down its platform on April 30, bringing an end to its three-year run as a decentralized alternative to OpenSea. The decision follows a steep decline in trading activity and a broader collapse in NFT market volumes since the sector’s peak. Launched in February 2022, X2Y2 briefly gained traction during the height of the NFT frenzy, peaking with $209 million in monthly trading volume just three months l…

1 day ago

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Coindoo

NFT Marketplace Shuts Down, Shifting Focus to Crypto AI

Despite its promising start as a competitor to dominant platforms like OpenSea, the project failed to maintain momentum amid increasing competition, particularly from newcomers such as Blur. At its peak in May 2022, X2Y2 enjoyed an impressive $209 million in monthly trading volume, but since then, the overall market has significantly contracted, with a dramatic 90% drop in trading activity. As a result, the platform’s founder, known only as TP, …

1 day ago

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Tron Weekly Journal

X2Y2's Bold New Direction: Goodbye NFTs, Hello AI

X2Y2, with $5.6B volume, shuts down April 2025, citing NFT market crash, pivoting to AI-powered DeFi. Founder confirms smart contracts stay active, urging users to follow his social media for updates on new AI project. 90% NFT volume drop forces X2Y2’s “full stop,” as they build a permissionless, AI-driven DeFi product. NFT marketplace X2Y2 will sunset its operations on April 30, 2025, marking an end to its three-year operation. “The smart contr…

1 day ago

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NullTX

X2Y2 NFT Marketplace to Shut Down Amid 90% Decline in Trading Volume

A big shift has happened in the NFT marketplace. X2Y2, once a big competitor to OpenSea, is shutting down. X2Y2 could not stop the bleeding after its trading volume fell a staggering 90 percent from its peak. Despite having done $5.6 billion in business during its three years of living, it will close the doors on April 30, 2025. Its smart contracts remain in existence, so users can still access and trade X2Y2 NFTs. The Rise and Fall of X2Y2 Star…

1 day ago

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