NFT Exchange X2Y2 Shuts Down – What Went Wrong?
The non-fungible token market is gradually maturing and turning competitive, with only a small, consistent community of dedicated NFT collectors and projects remaining active. In yet another incident, NFT exchange X2Y2 has announced plans to shut down its marketplace after three years of operation. The NFT project anticipates seeking good pastures in the AI-driven crypto sector. NFT marketplace X2Y2 is shutting down after a 90% drop in trading volume. Over three years, it processed $5.6B in transactions. Operations will end on April 30, but smart contracts stay active. The team has now shifted focus to AI, blending NFTs and innovation. 🚀💻 #NFT #AI pic.twitter.com/IFNcSmf5ws — TradeDucky (@tradeducky) March 31, 2025 X2Y2 NFT Marketplace Shuts Down In a March 31 blog post, the X2Y2 NFT startup confirmed plans to shut its non-fungible token market platform on April 30. The NFT marketplace has hinted at plans to switch its focus to an artificial intelligence p...