NFT Marketplace X2Y2 Shuts Down, Focuses on AI Innovation

By: Eva Baxter

The NFT marketplace X2Y2 is set to shutter its operations after a three-year stint, pivoting towards an innovative intersection of artificial intelligence and cryptocurrency. This strategic shift marks the end of an era for X2Y2 as it embraces new opportunities within the rapidly expanding AI sector. The announcement, made on March 31, sets the closure date for April 30, 2023. This decision underscores the team's commitment to evolving with the dynamic technological landscape and leveraging AI for sustainable, utility-based value creation.

At its peak, X2Y2 commanded a respectable position within the competitive NFT trading space. With a trading volume of $53.6 million over the past year, X2Y2 ranked fourth, trailing behind major players like Blur, OpenSea, and Immutable. While these figures were modest compared to Blur's staggering $3 billion turnover, X2Y2's impact and achievements remain noteworthy in the NFT ecosystem.

The transition towards AI indicates a forward-looking approach by the X2Y2 team, aiming to harness the potential of AI technologies for enhanced and innovative blockchain solutions. The team expressed their enthusiasm for joining this nascent field, seeking to contribute to the burgeoning possibilities that AI presents within the crypto world.

This pivot also reflects broader industry trends where technological advancements and cross-domain integration are becoming increasingly important. As X2Y2 ventures into its next chapter, the industry watches with anticipation to see how AI will redefine their offerings and contribute to the ongoing evolution of blockchain technologies.