X2Y2 will cease operations on April 30.

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ChainCatcher news, NFT trading platform X2Y2 stated that after three years of glory and a volume of 5.6 billion dollars, X2Y2 will officially close as an NFT marketplace on April 30, 2025. The X2Y2 contract will continue to remain active, but the platform itself will cease operations. X2Y2’s CEO stated, “NFT volume has shrunk by 90% since its peak. The life and death of market platforms depend on network effects, and after three years of striving for first place, it is 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 delved into the field of AI, studying how it intersects with crypto technology in powerful new ways.” We are creating something entirely new: providing returns in a decentralized manner, powered 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 affect its price. But I believe our next chapter will create something that will be more valuable in the long run.

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