X2Y2 Shuts Down as NFT Trading Volume Plummets 90%

After three years of operation, NFT marketplace X2Y2 is shutting down, citing a significant decline in trading volume and the shift to Artificial Intelligence (AI). The platform will cease operations on April 30th. The decision follows a drastic decrease in NFT market activity, with trading volume plummeting 90% from its peak in 2021. X2Y2’s founder, TP, attributes this downturn to the broader decline of NFT markets and acknowledges the challenges of remaining competitive in an evolving landscape.