NFT platform X2Y2 will cease operations on 30 April 2025, marking the end of its once-prominent role in the digital collectibles space.
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Launched in 2022, X2Y2 briefly ranked as the second-largest NFT marketplace after OpenSea, with over $5.6 billion in trades. But as NFT hype declined, so did platform activity. Founder TP cited this market downturn as the key reason for the closure.
Smart contracts will remain live for asset withdrawals, while TP hinted at a pivot towards AI-driven crypto ventures.
