The X2Y2 NFT Marketplace plans to discontinue operations on April 30 this year while preparing to transition into crypto AI solutions.
Following fierce competition against OpenSea X2Y2, it has discontinued its NFT marketplace operations. Despite its former peak trading success, the company plans to cease all operations through its NFT marketplace platform on April 30, 2025. According to founder TP, despite what the public thinks, this event represents a transformation into crypto-powered AI. The history of X2Y2 involves its marketplace expansion alongside its decline, followed by its strategic move toward crypto AI.
From NFT Darling to Market Casualty
X2Y2 debuted on the Ethereum NFT landscape in February 2022, only to become a market powerhouse with $209 million monthly trading value according to data from The Block up to May. X2Y2 functioned as OpenSea’s market underdog, attracting users through airdropped assets and decentralized nature. But the NFT boom faded fast. The arrival of Blur produced a market shift, which deactivated 90% of the trading activity that X2Y2 contributed in 2021. X2Y2 couldn’t keep up.
TP published a blog entry on March 31 that explained that marketplace success depends on network effects. The company fought vigorously for market leadership before discontinuing its operations after serving consumers for three years. According to lessons learned through NFTs, hype is now surpassed by value, thus creating a permanent shutdown instead of a pause. X2Y2 has generated $5.6 billion through its marketplace launch until last year, when the $10.2 million volume represented less than 1% of the total market, showing its platform being overshadowed.
- The X2Y2 platform will let users continuously modify smart contracts even after its shutdown date.
- X2Y2’s token value experienced a 7% decrease right after the shutdown announcement was revealed on CoinGecko, in addition to the previous 89% yearly drop according to CoinGecko. Market cap? A measly $572,000.
One X chatter commenter revealed straightforwardly, “NFTs are cooked,” as another user posted. The user remarks,d “AI represents the modern gold rush which proves to be a strategically smart venture.”
AI Pivot: Crypto’s Next Frontier?
TP continues supporting crypto but selects an alternative approach to its business operations. The members of X2Y2 staff have dedicated their work to artificial intelligence research over the past year, as they believe this technology represents the critical transformation crypto requires. TP declared that “AI represents the largest transformative element humanity will witness during this lifetime.” The team creates new opportunities by developing AI-based yield generation without authorization requirements.
- Unlike traditional NFT trading volatility, the company aims to construct an autonomous value-delivering system that provides earnings while rising and falling markets exist.
- X2Y2 learned through experience about the ephemeral nature of trends; therefore, they developed this project to offer practical advantages rather than superficial attractiveness.
According to TP, the new project represents more than a regular crypto creation because it aims to deliver a sustainable impact to its beloved community of enthusiasts. Critics on X platform treat the product with both excitement and doubt because supporters consider it visionary. Still, opponents consider it a lost cause in the midst of intense competition in AI development.903
On April 30, X2Y2 will permanently conclude its operations as an NFT marketplace. Users possess one month to relocate their assets before smart contracts remain operational for ultimate users. The token’s fate? The recent news about bleeding value at X2Y2 alongside this development brings no relief in the short term. The AI transformation can become positive over the long run if the TP development team achieves its goal.
NFT traders must recognize that marketplaces succeed or fail based on momentum because the NFT enthusiasm of 2021 currently exists only in ghosts. Crypto observers understand that X2Y2’s platform change reveals upcoming industry trends showing artificial intelligence expansion and blockchain technology adoption. Does this phoenix have the potential to ascend, or will it perish this time? Stay tuned—details drop soon.
