EddieJayonCrypto

 1 Apr 25

tl;dr

Ethereum NFT marketplace X2Y2 is shutting down its trading platform at the end of April. The smart contracts will persist, allowing trades to be executed, but the website's front-end will no longer be accessible after April 30. X2Y2's native token has experienced a significant decline and will now p...

Ethereum NFT marketplace X2Y2 is set to shut down its trading platform at the end of April, with its smart contracts remaining active for trade execution while the front-end becomes inaccessible. The decision comes as the X2Y2 founder acknowledges the impact on the token price, expressing gratitude to the community.


The native token of X2Y2 has experienced a significant decline, with a 13% drop in the last 24 hours and a market cap below $540,000. Despite once ranking fourth all-time for Ethereum NFT trading volume, processing over $5.6 billion in transactions, declining interest in NFTs has led the team to discontinue the marketplace and pivot their focus to AI and crypto.


With a new project centered on creating long-term value and emphasizing "yields in a permissionless way, powered by AI," the team aims to remain in the crypto space. No timeline for the new project has been provided, and X2Y2 did not immediately respond to Decrypt’s request for comment.

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