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The non -bubble tokens market is gradually maturing and becoming competitive, with only a small coherent community of collectors and dedicated NFT projects remaining. In another incident, NFT Exchange X2Y2 has announced its intention to close its market after three years of operation. The NFT project provides for the search for good pastures in the cryptography sector led by AI.
NFT Marketplace X2Y2 stops after a 90% drop in negotiation volume. Over three years, he treated $ 5.6 billion in transactions. Operations will end on April 30, but smart contracts remain active. The team has now moved to AI, mixing NFT and innovation. 🚀💻 #Nft #Ai pic.twitter.com/ifncsmf5ws
– Tradeducky (@tradeducucky) March 31, 2025
In a blog article on March 31, the startup X2Y2 NFT confirmed that the closing plans for its non-bubble tokens market platform on April 30. The NFT Marketplace alluded to plans to focus on an artificial intelligence project. The announcement follows information according to which tokens linked to agents of artificial intelligence has dropped up to 90% compared to the heights of 2024. However, recent reports suggest that the rise of cryptographic agents led by AI can follow a familiar trajectory.
After 3 incredible years and $ 5.6 billion in negotiation volume, X2Y2 will be sunset as a NFT market on April 30, 2025. Read @ tp_x2y2The complete announcement below for more details. 👇
– x2y2 (@ the_x2y2) March 31, 2025
X2Y2 is an innovative non -bubilizable token market, initially created as a fork of looksrare. The NFT market has become popular to encourage and reward its merchants and collectors for their commitment to the platform. X2Y2 was a market to buy and sell NFT, and at some point, it only dragged the Opensea NFT market in trading volume. But what are the factors pushing x2y2 to leave the NFT market?
The NFT market has decreased considerably, trading volumes lowering almost 90% from its peak, which makes X2Y2 difficult to maintain the effects of the network. According to Token Terminals, a data aggregator on the chain cryptography market and an explorer of non -bubble tokens projects, X2Y2 has only seen $ 53 million in negotiation volume during the last 365 days. X2Y2 is far behind the market leader Blur, which has raised more than $ 3 billion in the 12 months.
The X2Y2 NFT market joins the growing list of NFT projects that leaving the NFT market. In January 2025, Quidd, an NFT market under Animoca brands, announced its closure. The platform ceased operations on January 3, 2025. The Makersplace, another digital art market platform, also closed its operations at the start of 2025 due to “challenges of the current market” after six years of operation.
Brissure: Quidd stops permanently 👾
➡️ Quidd announces the closure
➡️ Paul Barron is not found
➡️ Youtuber Cavell Anderson was paid to promote Quidd, while criticizing Veve
➡️ Consolidation in space was necessaryAfter a lot of mud and pay influencers … pic.twitter.com/adk2e97mtp
– Sergio (@sergiocollects) January 3, 2025
In November 2024, Kraken, one of the main exchanges of cryptography, closed its NFT market, citing poor market conditions NFT. Previously, GameStop decided to close its NFT platform, which it initially launched in July 2022, during the NFT Trading peak. Last year, Nike closed its RTFKT digital asset incubation studio, citing poor performance on the NFT market.
Best wallet – diversify your crypto wallet
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