NFT trading platform X2Y2 has announced that it is shutting down and will officially close on April 30th.

BlockBeats News, March 31, NFT trading platform X2Y2 announced that "after three years of glory and $5.6 billion in trading volume, X2Y2 will officially close as an NFT market on April 30, 2025."

The X2Y2 contract will remain active, but the platform itself will cease operations. X2Y2's CEO stated, "NFT trading volume has decreased by 90% since its peak. The life and death of a market platform depend on network effects. After three years of striving for the top spot, it's time to let go and build something more enduring. But this is not a farewell—rather, a transformation. Over the past year, we have delved deep into the field of AI, studying how it can cross-pollinate with encryption in a powerful new way.

We are building something entirely new: providing returns in a decentralized manner driven by AI. It is decentralized, innovative, and designed to cyclically create value—not just follow trends. The X2Y2 token is closely tied to our NFT vision, and I won't sugarcoat it—this change may affect its price. But I believe our next chapter will create something more valuable in the long run."