X2Y2 NFT marketplace, launched in February 2022, will close by the end of April. Despite the fact that the trading platform was the second-largest NFT marketplace after OpenSea, and collected $5.6 billion in total trading time, the total NFT trading volume fell by 90%. In addition, a strong player called Blur entered the market.
The founder of X2Y2, pseudonymously known as TP, explained that the project team delved into the field of artificial intelligence (AI) last year. The developers, according to TP, are creating something new: permissionless AI-based profitability. It will be something decentralized, innovative, and designed not just to track trends.
Despite the suspension of the trading platform, X2Y2 smart contracts will remain active, allowing users to interact with them.
As expected, the X2Y2 token has dropped 99% from its peak price, and its value at the time of writing is $0.001327.
In addition, in the first month of 2025, the leading platforms cryptocurrency AI agents, including AI Rig Complex (ARC), ElizaOS (AI16Z), and Virtuals (VIRTUAL), lost 75% to 90% of their market capitalization.
Source: mirror.xyz/x2y2.eth