X2Y2 NFT Marketplace Shuts Down: Why Did it End?

The non-fungible token (NFT) market is undergoing a shift as competition intensifies. After three years of operation, the NFT exchange X2Y2 announced its closure, signaling a broader trend of challenges in the sector. The platform, known for its focus on reward mechanisms and user engagement, experienced a 90% decline in trading volume, leading to this decision. X2Y2’s team will now dedicate their expertise to AI-driven projects.