X2Y2 shuts down marketplace after three years, marking the end of its NFT trading era. Once the second-largest NFT marketplace, X2Y2 cites declining trading volume and network effects as key reasons for its closure.
The shutdown is set for April 30, 2025, but smart contracts will remain operational. The team now pivots to AI-driven decentralized finance, aiming to build long-term value beyond NFTs.