NFT trading platform X2Y2 announced the end of operations and will be officially closed on April 30

Odaily News NFT trading platform X2Y2 posted that "after three years of success and $5.6 billion in trading volume, X2Y2 will officially close as an NFT market on April 30, 2025." X2Y2 contracts will continue to be active, but the platform itself will cease operations. X2Y2 CEO posted that "NFT trading volume has shrunk by 90% since its peak. Market platforms live and die by network effects. After three years of striving for the first place, it's time to let go and build something with more lasting value.
But this isn’t a goodbye—it’s a transformation. Over the past year, we’ve been diving deep into the world of AI and how it can intersect with crypto in new and powerful ways. We’re building something entirely new: a decentralized way to deliver yield, powered by AI. It’s decentralized, innovative, and designed to create value over and over again—not just chasing trends. The X2Y2 token is closely tied 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 even more valuable in the long run.”