TechFlow news — On March 31, an official announcement revealed that NFT marketplace X2Y2 will officially shut down its platform services on April 30, 2025, after nearly three years of operation and $5.6 billion in trading volume. The platform’s smart contracts will remain active, but the marketplace itself will cease operations.
TP, CEO of X2Y2, stated that X2Y2 once ranked as the second-largest NFT marketplace after OpenSea and remains currently the third-largest platform in the industry. However, with NFT trading volume having contracted by 90% from its peak, the team has decided, after three years of effort, to shift toward areas offering greater long-term value.
Going forward, X2Y2 will pivot into the intersection of AI and crypto, developing a decentralized and innovative yield platform aimed at creating a sustainable value cycle.
