The NFT trading platform X2Y2 will cease operations on April 30

ChainCatcher news, the NFT trading platform X2Y2 announced on social media that after three years of glory and $5.6 billion in trading volume, X2Y2 will officially close as an NFT marketplace on April 30, 2025.

The X2Y2 contract will remain active, but the platform itself will cease operations. The CEO of X2Y2 stated, "NFT trading volume has shrunk by 90% since its peak. The life and death of a market platform depend on network effects, and after three years of striving for the top, it’s time to let go and build something with more lasting value. But this is not a farewell------it’s a transformation. Over the past year, we have deeply explored the field of AI, studying how it intersects with cryptocurrency in powerful new ways.

We are building something entirely new: a decentralized way to provide returns, driven by AI. It is decentralized, innovative, and aims to create value in a cyclical manner------not just chasing trends. The X2Y2 token is closely related to our NFT vision, and I won’t sugarcoat the reality------this change may impact its price. But I believe our next chapter will create something that is more valuable in the long run."