NFT trading platform X2Y2 posted on social platforms that after three years of glory and $5.6 billion in trading volume, X2Y2 will officially close as an NFT market on April 30, 2025. The X2Y2 contract will remain active, but the platform itself will cease operations. X2Y2 CEO said, "NFT transaction volume has shrunk by 90% since its peak. The life and death of a market platform depends on the network effect. After three years of hard work to be the first, it's time to let go and create something with more lasting value. But it's not a farewell—it's a transformation. Over the past year, we've delved into the field of AI to look at how it cross-integrates with crypto in a completely new and powerful way. We're building something new: delivering benefits in a decentralized way, powered by AI. It's decentralized, innovative, and designed to create value in a cycle - not just a trend. The X2Y2 token is closely linked to our NFT vision, and I won't embellish the reality - this change may affect its price. But I believe our next chapter will create something more valuable in the long run."
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