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

Odaily Planet Daily News NFT trading platform X2Y2 issued a statement saying, "After three years of glory 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 issued a statement saying, "NFT trading volume has shrunk by 90% since its peak. The life and death of market platforms depends on 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 is not a farewell - it's a transformation. Over the past year, we have explored the field of AI in depth and studied how it can intersect with encryption technology in a new and powerful way. We are building something completely new: providing returns in a decentralized way, driven by AI. It is decentralized, innovative, and designed to create value over and over again - not just chasing trends. The X2Y2 token is closely related to our NFT vision, and I won't sugarcoat reality - this change may affect its price. But I believe our next chapter will create something more valuable in the long run. "