X2Y2 NFT Marketplace to Shut Down in April, Focus Shifts to AI & DeFi

The Ethereum-based NFT marketplace, X2Y2, announced its closure at the end of April. This move marks a significant shift away from the NFT space for the platform’s founder, TP, who plans to focus on decentralized finance (DeFi) ventures with an emphasis on artificial intelligence (AI). The announcement follows a decline in trading volumes within the wider NFT sector, which has led many marketplaces to consolidate or even shut down. The closure impacts X2Y2’s token holders and traders. This decision reflects a broader trend away from speculative investments in NFTs as investors turn towards long-term potential technologies such as AI.