NFT Marketplace X2Y2 to Shut Down Trading Operations on April 30

After three years in the NFT world, X2Y2 revealed that it will close its NFT marketplace on April 30, 2025. The platform will stop working then, but its smart contracts will stay active, so users can still use them if needed.

This announcement ended a period when X2Y2 was well-known in the growing NFT market. At one point, the platform was the second-biggest NFT marketplace, only smaller than OpenSea, with a total trading amount of $5.6 billion. Even now, X2Y2 is still the third-largest in the field.

“One month from now, on April 30, 2025, the platform will shut down completely. The smart contracts will keep running, so you can still interact with them as needed—no rush to pull anything,” X2Y2 states.

The decision to close is due to several factors, mainly the significant drop in NFT trading, which has decreased by 90% from its highest point. In the changing world of digital assets, marketplaces need network effects to keep going. Even though they tried hard to be the top marketplace, X2Y2’s leaders know it’s time to move on to projects with more lasting worth.

X2Y2 NFT Marketplace Shuts Down Operations

In the last year, X2Y2 investigated how artificial intelligence (AI) and cryptocurrency can collaborate to generate new ideas. X2Y2 started on February 6th, 2022, to help people trade NFTs easily.

Because the platform will close soon, users should handle their assets carefully, especially as the price of the X2Y2 token may change. However, there’s no need to rush withdrawals because the smart contracts still work.

The platform noted that this decision is a change in direction to create lasting value, not just a short break. They learned that making lasting contributions is more important than following short-term trends.

Now, X2Y2 is starting a new project using AI to help people earn yield without needing permission. This new idea aims to create value that lasts longer than quick market trends.

The team admits that this pivot may affect the X2Y2 token but they believe this new project will create more value in the long run. The team noted that they will share updates on its progress.

Notably, the marketplace was launched on January 28, 2022. This simple NFT marketplace lets users easily buy and sell NFTs. It has features like listing many NFTs at once, buying in groups, instant alerts, and seeing how rare NFTs are.

Furthermore, developers can use X2Y2’s tools to build web3 apps, such as data tools and trading bots. X2Y2 did not have a private token sale, and all fees go to those who stake X2Y2.

X2Y2 Price Trajectory

Following the unexpected announcement, the native token has seen a drastic price drop. However, in the past 24 hours, X2Y2 trading volume was $171,293, up 3.30% from the day before. According to CoinGecko data, this shows more activity in the market for this cryptocurrency lately.

X2Y2’s price has changed a lot since it started. It once hit a high of $4.14 and a low of $0.001525. Currently, the token is trading 99.96% lower than its highest price and 1.90% higher than its lowest price, showing how much the price has dropped from its peak.

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